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Selling Your House to an Auction House

Selling your house to an auction house can be a great decision, but it is also a major undertaking. Before making this choice, here are some things you should consider: Here are tips for successfully selling your home to an auction house.

  1. Appraising the House

Before selling to an auction house, it is essential that you appraise your home. This process helps determine what price a realtor should list the house for; and can be done either by hiring an independent professional appraiser or having someone from your family hire one for you. Click here to view our marketing materials:

  1. Real Estate Agent’s Opinion

After your appraisal, it is essential to ask your real estate agent for their opinion. They can tell you what the auction house might like or dislike about your house, whether or not it will make a good auction choice, how much money to list for and if any issues exist that could impact its sale price.

  1. Secure Consents

It is essential to set a deadline for when an auction house’s necessary consents or paperwork will be ready. Be sure to collect all documents necessary so they can make an informed decision based on what they require.

  1. Determining a Price

When setting the selling price for your home, it is essential to pay attention to what your real estate agent has said about the market value. Additionally, research the sale prices of similar houses in your area and ask them which price they think is fairest for you. After doing all these checks, consult with your real estate agent about which price he/she believes is most suitable for your house.

  1. Hire an Auction House

Before beginning to search for an auction house, it’s essential to get as much information as possible from people who have sold their houses to auction houses in the past and your real estate agent. Additionally, visit any potential auction houses you might be interested in to determine what types of houses they specialize in selling.

  1. Begin Preparing for the Auction

Once you know which auction house will be selling your house to, it’s time to begin prepping for the auction. Make sure that everything in your house is in top condition and any broken items or leaky faucets have been fixed or replaced. The auction house should inspect your house prior to listing it so they can verify its condition; additionally, they may send an inspector after preparations have been made in order to inspect further.