my house has been on the market for 1 year, and I am considering a real estate auction.
2006-10-06 13:11:57 · 6 answers · asked by Eric F 1 in Business & Finance ➔ Renting & Real Estate
You won't get market value. You can set a reserve price, but then you run the risk of paying for an auction that doesn't sell the house.
The question is "how desperate are you to sell?" You don't say who (if anyone) you have marketing the property, but if it hasn't sold for a year, I don't think much of whoever it is, who hasn't explained the market to you yet.
Your best bet on getting the best price 1) get a real agent 2) reduce the price, because it's obviously not worth what you're asking.
2006-10-06 16:21:05 · answer #1 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
there is never a guarantee at an auction that you will get what you want. you can guarantee that you do not sell it for lower than you want by having a "reserve", if the reserve is not met , it does not sell. you will incur some expenses though for having the auction. ebay has a large real extate auction service.
2006-10-06 13:27:05 · answer #2 · answered by Anonymous · 1⤊ 0⤋
It's an auction, and the house will go to the highest bidder. Could be higher, more tham likely, though, it will be lower. Housing has slowed down lately.
2006-10-06 13:15:55 · answer #3 · answered by greg j. 6 · 0⤊ 0⤋
Be hard to do because most people go to auctions to get things at lower prices,but you don't have to sell if the bid isn't what you want.
2006-10-06 13:14:40 · answer #4 · answered by Tired Old Man 7 · 0⤊ 0⤋
not any longer Don't auction it now...you will never get market value....auctioning is only good for the seller when it is a "sellers market"
2006-10-06 13:19:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋
This site has many reports that will most likely answer most of your questions
http://www.paynotaxesforlife.com
2006-10-06 13:22:02 · answer #6 · answered by Pay No Taxes For Life 2 · 0⤊ 1⤋