Question 1

How much does an auction cost?

Accepted Answer

Generally, agents are paid a commission based on the sale price. There is no standard or set fee, this is to be negotiated as the seller. Often, the buyer will pay the commission through what’s called a buyer's premium.

Question 2

When should I consider an auction?

Accepted Answer

Auctions are an ideal solution for sellers facing unique circumstances. If a property is difficult to compare to others on the market or has been listed for a long time without selling, an auction can bring in competitive buyers and ensure a timely sale, especially if the listing is about to expire.

Sellers who need an immediate sale due to a partnership or marriage break-up, or those moving out of state or retiring, can benefit from the auction process. Properties sold "As-Is" or in need of repairs are also well-suited for auction.

Additionally, auctions are highly effective for estate sales that include personal property items. Sellers who have already purchased another house or are facing high carrying costs, and those with significant equity in the property, will find that auctions provide an efficient way to close quickly and maximize value.

Question 3

What does auction marketing consist of?

Accepted Answer

Our marketing process was designed to ensure that each property reaches its fullest potential. Auctions often generate excitement and interest, and not being tied to a set listing price can create a frenzy among buyers. All over middle Tennessee Cash Auctions brings buyers and sellers together, targeting interested bidders. We will send property information to prospective buyers both far away, and to locals who may be searching for a property just like yours with the goal of creating a general buzz around your property.

Question 4

Are auctions a last resort or for distressed properties?

Accepted Answer

Absolutely NOT! Auctions can serve a variety of property times and items. Some of the world's greatest luxuries are sold through auction. Advantage Auction can help you sell any property for many reasons.

Question 5

How can I set up a meeting with the auctioneer?

Accepted Answer

You can call us anytime at (615) 802-6598 to be matched with an agent who can discuss every aspect of how an auction works, specific to your situation, property, or assets. Auction may not be the best option for your property, and we will let you know and help you choose the best path to sell your property for a profit! If we don't think an auction will work for you, we won’t recommend it. However, if auction seems like the best fit, we will help you through every step of the process.

Question 6

What if it sells too low?

Accepted Answer

There are different strategies we can implement through the auction terms to protect your investment.

Question 7

Do I lose control?

Accepted Answer

You actually gain more control than a traditional listing. By setting your auction Terms you can determine factors such as price, timeline, and repairs.

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