Property,Auction,Site,The,Futu DIY Property Auction Site: The Future of Home Sales?
When starting a new work at home business it is very easy to become consumed by it. We spend so much time trying to get the business up and running that we may end up becoming burned out and lose our motivation. There is so much to learn and Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-parent:"";mso-padding-alt:0in
Today, most people using an online property auction site are looking for homes that have been repossessed by the government due to an issue surrounding back taxes. Customers can peruse the listings and potentially bid on the homes themselves, the liens, or a tax certificate, any of which could allow them to make money in the future. Others look for houses they can purchase for their own homestead. But while using these sites for a regular home sale isn't common practice today, there are signs that it could become the norm in the future. Here are some of the reasons it could become attractive for sellers.CompetitionA property auction site creates competition among buyers by its very nature. When well promoted, it can attract bidders who may well go well over their intended purchase price when confronted with the possibility of losing the house to another bidder. There is also a psychological factor at play. A real estate agent can always tell her clients that "many people" are interested in buying a particular home, but this is a well known sales trick and seldom has much of an effect. Actually seeing others bidding on a house, however, has a powerful effect. People naturally want something that others want as well.Sales ControlBuyers rule the roost when it comes to a typical home sale. While the seller is always free to put any asking price they want on their home, if it is rejected for long enough they will soon see that they are not the ones in charge of setting a price. Buyers will always be the ones who determine the price of any given object, be in a house or anything else. This doesn't change on a property auction site (in fact, it is even more pronounced), but there are other aspects of control that are restored to the seller. They get to decide many of the details of the sale, including the date and the reserve. Get True ValuePutting your home up for sale in the traditional way takes some guesswork. You look at comparable homes in the area that have sold recently, you get it appraised, and you consult with a real estate agent perhaps. These are all effective tools in determining a price, but it's easy to undersell your value. Putting it on a property auction site (with the right promotion) nearly guarantees that your final price will be extremely close to the true value of the home in the current market. Article Tags: Property Auction Site, Property Auction, Auction Site
Property,Auction,Site,The,Futu