Auctions have proven to be a successful way to sell a home. There are many benefits to auctions including the seller's ability to better control the terms and process of the sale versus the traditional selling process. Auctions are a selling option worth exploring to ensure the best process is selected for your home and your individual needs. It's important for sellers to have a choice and auctions are a viable option that has successfully worked for many Ontario homeowners.
Check out the auction results we achieved for this home:
Benefits
- Control the terms by setting your ideal closing date, conditions, deposit and reserve price.
- No surprises exist as buyers understand the terms and conditions of the auction ahead of time and aren’t introducing unique conditions with their offer.
- Efficient process that sets a deadline for when buyers will bid on your home.
- Work with qualified and motivated buyers that take the process seriously.
- Maximize the sale price through transparency, which helps buyers to feel confident to bid to their maximum comfort level.
- Minimize risk through the reserve price - sellers aren’t obligated to sell if the reserve price isn’t met.
Process
- In collaboration with your real estate agent, we will work to sell your home. Below is a general timeline from start to finish:
- Step 1: prepare home for sale and sign paperwork.
- Step 2: list home on TheAuctions.ca and on MLS for maximum exposure. Market the home and facilitate showings for approximately one week.
- Step 3: property goes to auction and sold to the highest bidder. Paperwork is finalized.
- Step 4: follow up and prepare to move.
Criteria
Criteria
What makes a property a good candidate for an auction?
Here are some factors to consider:
- Is the home in a high demand area that typically receives multiple offers?
- Does the home appeal to a broad range of prospective buyers?
- Does the seller have interest in exploring the auction method?
- Does the seller have a tight timeline to sell?
- Are the seller's price expectations in line with the market value?