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Question DetailsAsked on 6/12/2012

house auction

pros and cons



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Pro:
- The auction company will set an auction date, and the house will sell on that date.
- Your home will sell pretty fast (typically on the sale date).
- Auction sales are 99% of the time "as is" sales, which means you don't have to fix anything in the home. You'll just have to disclose everything you know about the home. This is great if you have too much to fix in your home.

Con:
- Your house MAY sell for less than what it might pull in a normal sale. After all, people who buy at auctions are looking for deals. If they wanted a normal, market value sale, they would just by a normal resale home. Auction shoppers are expecting "distressed property".

Hope this helps!

David

Source: http://www.WoodsideAgent.com

Answered 8 years ago by DavidGowans




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