Here is how to Avoid a Property Auctions
Here is how to Avoid a Property Auctions
Here is how to Avoid a Property Auctions
Property auctions have been with us so long that many people think only of them whenever they discover that they are in a situation that requires a quick action regarding house sales. But when you look at the entire picture you will discover that it may not be the best of options that are available and therefore it becomes necessary to try and source for other alternatives. Most people who flock the auction will come with only one desire, to get the property at a throw away price and many times the highest bidder becomes so much lower than the value of your property. And what about the amount of input you must take care of in terms of preparation in order to have what you may consider a successful auction? It is simply unbelievable because you must spend time and money advertising so that you reach a good number of people who would be interested in the function. Doing the auction yourself may be cheaper but with luck of exposure you can guess what the outcome may be but it is still not easier to hire an auction form who will demand for fees whether a sale is concluded or not.
Let us then suppose that you were really lucky and you actually got a bid that was good enough. The thing that follows will be that the bidder will pay a small percentage of the amount at the fall of the hammer and the law allows them to pay the balance after so many days and pray tell if you had a pressing issue and were not in a position to wait for that number of days. An auction may actually put you in a trap if you were in need of quick cash for the house you are trying to sell because of the delays and the amount of money involved. Finally you have no guarantee that at the end of the auction you will actually have a buyer you will agree with. A quick property sale puts you at a much better position in terms of time and the amount of control you have over the whole process.
When you enter aquick property sale arrangement you will be dealing directly with the buyer and they will guarantee you that the payment will be available in about 7 days in many cases and this must be what most people would be looking for when they think about quick property sales. Even in cases where it is your mortgage lender who was on your case and even got you repossession or eviction notices they will always slow down when you present them with an offer letter from fast cash buying property investor. And when that is the case you even have the option of signing a sell and rent back option which allows you to remain in the house and continue to pay rent.
What will you say then when you learn that there are no obligations for you at all in terms of legal fees or any other levies as well as commissions because there really are no third parties in this whole process. You will not have an agent or auctioneer fees to deal with and when the deal has been sealed it is the amount that is written on the contract that becomes yours since you are dealing straight away with the property buyer and no one else is in between the two parties. With his information you can now decide whether you still want to go for an auction.
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