Is Auction Right For You?

Reason 1: You get a lower price!
(excerpt from 88 Reasons Why You must Never Sell Your Home at Auction by Neil Jenman)

Auctions are not always the best option when selling your house due to a variety of reasons. Auctions put the seller at a disadvantage since they have less control over the sale price and process. Unlike through a traditional real estate sale, in which buyers and sellers can negotiate.

The first reason for not auctioning your home is the only reason you need to never auction your home: You will get a lower price.

Plus, you will pay needless costs and will almost certainly lose a massive amount of money. And, like most sellers, you will never realise how it happened or what happened.

The Auction system is so slick that many ripped-off home sellers thank agents who’ve caused them to lose hundreds of thousands of dollars.

By selling your home through Auction you have almost no chance of getting the highest price. You actually have almost a one hundred percent chance of getting a lower price. And because most sellers don’t even know they are being ripped off, there is no publicity about such massive financial disasters.

So yes, the number one reason you should never sell your home by public auction is because you will get a lower price. Auctions destroy the true value of your property.

If essentially giving away your home is not enough to turn you off selling by action, there are 87 more reasons that follow.

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