Firstly sorry guys for not writing to you on Monday.
What I will do is do two posts today to catch up.
So what will we be talking about today?
Auctions have the power to unlock the value of your property.
Mmmmm, What do I mean when I say the auction has the power to unlock the value of your property?
Well it is pretty simple. There is basically five steps to this.
1st is the Connection. Auctions are able to execute mulitfaceted global marketing campaigns. Each campaign tailored to your property. Throughout the campaign the auctioneers is able to put the spotlight onto your property generating expanantially more visibility and exposer than what you would normal recieve from marketing the property yourself or through an estate agency.
2nd The Contact. AS a result of the comprehensive maketing campaign buyers around the globe enquire about the property. During this pariod of time the auctioneers will contact each potential purchase and discuss the property with them and answer any of the purchasers questions. The auctioneers will also invite these potential buyers to attend a mini show house or if theyt cannot make that show house they would schedule a private showing.
3rd The Due Diligence. Potential buyers are provided with a comprehensive bidder information package. This information provides the buyer with all the necessary information required for them to become familier with the auction process and the property so that when it comes to auction day they are prepared and ready to bid aggresively. Now this is a very important step in the process as all properties are sold as is, there is no repairs to the seller, no contingencies, financing or otherwise.
4th The Auction. The auction is the time when everything comes together. The auction maybe held at the property, our at a venue where the auctioneers will auction multi properties and in some cases auction the property online. The auction is when multiple bidders compete to purchase the property for the highest possible price.
5th The Closing. The closing will generally take place no more than 30 days after the auction. At th closing the buyers and sellers accomplish their goals they set out to achieve. The buyer will be all excited about their new purchase and the seller will be over the moon becasue they have achieved what they have been trying to do for along time.
By following these five basic steps unlocks the true value of your property.
Thanks for regarding.
As usual, if you have any questoins or comment you would like ask or leave please do so.
Regards
Mornay
Showing posts with label Buyer. Show all posts
Showing posts with label Buyer. Show all posts
Tuesday, August 27, 2013
Friday, August 23, 2013
Why Auction You Property Part 3
As we continue on our journey in discovering why auctions are the best way to sell your property, I'm going talk today on a subject that I have already mentioned in previous posts.
No Suspensive Conditions
If you have been in the property market you will know what I mean by suspensive conditions.
But for those who are new to the property market I will explain what suspensive conditions are.
Suspensive conditions can be your worst enemy or your friend. Suspensive conditions are conditions that are added to a sale agreement if the purchaser has to apply for a bond or has to sell their property in order to buy your property. In other terms suspensive conditions can also be called "subject to".
Under normal selling conditions through estate agents the purchaser can have all the power and dictate to you the seller as well as the estate agent. They can insist on suspensive conditions. The reason they do this is to safe guard themselves. So if anything goes wrong they can walk away from the sale leaving the seller and the agent at a lose.
With auctioning suspensive conditions do not apply at all. So there is no waiting and worrying if the sale is going to fall through because the purchaser has not been able to sell their property or they have not been able to raise the finances. All purchasers have to either have their finances ready or be pre-approved by a financial institute. Without the suspensive conditions, puts the seller back in the driving seat.
I hope this has helped. If you still not sure please comment and I will get back to you as soon as I can.
See you on Monday for Part 4
No Suspensive Conditions
If you have been in the property market you will know what I mean by suspensive conditions.
But for those who are new to the property market I will explain what suspensive conditions are.
Suspensive conditions can be your worst enemy or your friend. Suspensive conditions are conditions that are added to a sale agreement if the purchaser has to apply for a bond or has to sell their property in order to buy your property. In other terms suspensive conditions can also be called "subject to".
Under normal selling conditions through estate agents the purchaser can have all the power and dictate to you the seller as well as the estate agent. They can insist on suspensive conditions. The reason they do this is to safe guard themselves. So if anything goes wrong they can walk away from the sale leaving the seller and the agent at a lose.
With auctioning suspensive conditions do not apply at all. So there is no waiting and worrying if the sale is going to fall through because the purchaser has not been able to sell their property or they have not been able to raise the finances. All purchasers have to either have their finances ready or be pre-approved by a financial institute. Without the suspensive conditions, puts the seller back in the driving seat.
I hope this has helped. If you still not sure please comment and I will get back to you as soon as I can.
See you on Monday for Part 4
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