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Beverly hills real estate agent | Erik Brown | Realtor Agency

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Pros and Cons of Using an Auction to Sell a Home

Pros and Cons of Using an Auction to Sell a Home

By

Erik Brown

Posted in Video Blogs On March 25, 2021

One of the ways you can sell your home is by putting it up for auction. Here are some pros and cons to using an auction to sell your home.

There are definitely some pros and cons to using an auction to sell your home.

First, the pros. 
Why would you want to consider using an auction to sell your home? The key to selling is getting people to all want the same thing at the same time, which generally drives up the price. That is exactly what an auction does, as it brings a number of people to come to see that property.

Instead of potentially dragging out your market time, you have one big pop.

YOU NEED THE BEST POSITIONING, BEST MARKETING, AND BEST EXPERIENCE.

Now, onto the cons. 
There is a good possibility that you will be very nervous. You’ll ask yourself what happens if it’s not done correctly, how will this affect our market time, what happens after the auction if I don’t get a sale, and will there be a stigma attached if we can’t sell the opening weekend? 
There is no right or wrong answer. It depends on the best positioning, the best marketing, and the best experience that you can put forth to be able to push that property in the right direction. 
If you have any other questions about auctions or have any general real estate questions, please feel free to reach out to me. I look forward to hearing from you soon.

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About Erik Brown

Erik Brown realtor

Hilton, Rolls Royce, Versace Chateau Rothschild

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But we don’t want to. We want experiential luxury. And you know what? You deserve it.

Luxury living is a state of mind. If you’re like me, you expect the best, especially when you buy or sell a home in Beverly Hills.

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Erik Brown / DRE: 01958545
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All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. All property information, including, but not limited to square footage, room count, the number of bedrooms, and the school district in property listings should be verified by your own attorney, architect, or zoning expert.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate.

Erik Brown, Realtor, Compass, DRE: 01958545. All Right Reserved

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