Why an Auction is a good alternative?

An auction of either real property or land, can really speed up the buying and selling process. Most of the time, with buyers present, property is sold at or near market value and thus an auction doesn't have to be a last ditch idea. In fact, the Lake of the Ozarks is likely a superb location for an auction because there are generally more buyers than in other areas of the country.

In general auctions truly simplify and speed up the buying and selling process. The paperwork necessary is typically taken care of that day and the closing can be as soon as 30 days from the auction date.

In addition to home auctions individuals and families can benefit greatly from condo auctions. Often, the combination of the lower price of condominiums to homes and the savings realized by virtue of the auction process may make it possible for buyers to own their own residence, when single family home prices are still out of reach.

Real estate auctions offer an exciting way for buyers and sellers to do business in a format that offers many mutual benefits.
If you're interested in learning more about auctions, contact RE/MAX Lake of the Ozarks

 

Selling Lake of the Ozarks Real Estate?

• Focuses attention on your property alone
• Seller sets the day of the Auction. You know when the property will be Sold
• Aggressive Targeted Marketing utilizing Signs, Brochures, Newspapers, Email, Internet, Direct Mail, Telephone, MLS & more
• Seller sets the terms of the Auction
• Auction creates a sense of urgency
• No limit on upside potential. Realizes the property's true market value
• Eliminates guesswork in determining the asking price of the property
• Buyers come prepared to buy
• Quick disposal reduces long-term carrying costs, including taxes & maintenance
• Assurance that property will be sold at true market value
• Exposes the property to a large number of pre-qualified prospects
• Accelerates the sale
• Non-refundable earnest money
• Creates competition among buyers - auction price can exceed the price of a negotiated sale
• Requires potential buyers to pre-qualify for financing
• The seller knows exactly when the property will sell
• Eliminates numerous and unscheduled showings
• Takes the seller out of the negotiation process
• Ensures an aggressive marketing program that increases interest and visibility

Buying Lake of the Ozarks Real Estate?

• Smart investments are made as properties are usually purchased at fair market value through competitive bidding
• The buyer knows the seller is committed to sell
• Eliminates prolonged negotiations
• Buyer's compete to own and all offers are presented at the Auction
• Property sold in 30 days thus eliminating expensive carrying costs
• Property sells contingency free
• In multi-property auctions, the buyer sees many offerings in the same place, at the same time
• Buyers determine the purchase price
• Auctions eliminate long negotiation periods
• Auctions reduce time to purchase property
• Purchasing & closing dates are known
• Buyers know they are competing fairly and on the same terms as all other buyers
• Buyers receive comprehensive information on property via due diligence packet

 

For more information on Cates Auction & Realty Co., Inc. click here.