WHAT IS THE SALE OF AN APARTMENT THROUGH BIDDING?
Selling an apartment by the auction method is a way of selling when the starting price is realistic, or even slightly lower than the asking prices of the same and similar apartments. In this way, we achieve great interest in an apartment or real estate in general, and interested buyers send us their offers about the amount they are willing to pay, and the payment method most often by e-mail. We show the apartment for a few days and the goal is to gather as many interested buyers as possible. After a certain period of time, we transfer the offers to the owner of the apartment, comment them together, and the owner decides which buyer he wants to accept.
IS SELLING AN APARTMENT THROUGH BIDDING A GOOD DECISION?
Yes, it's certainly a good decision. Of course, every seller wants to get the best possible price for his property, and in the shortest possible time. Market research with a high price most often results in buyers not even showing interest in the property at all. Then the seller who really wants to sell the apartment has to lower the price, the apartment is sold for a long time, buyers who follow the ads (and there are really a lot of buyers who follow certain properties) wait for their price to fall, see that the apartment has been sold for a long time, and thereby gain a certain advantage over the sellers. In most cases, the seller gets a much lower price than if he had decided to bid, and the sale itself takes longer than it suits any seller.
HOW TO SELL AN APARTMENT THROUGH AN AUCTION?
One of the conditions is that the apartment or any real estate with us is in exclusive brokerage, for the reason that in this way we can more easily monitor the market, control the offers, make sure that the seller has all the offers and that he has chosen the best offer for him. When we take a property for offer, we first make an estimate for it, agree with the seller a price and start. From practice it turned out that such a way of selling achieves the best results, and the seller gets the best price and the best conditions. Mostly the offers move above the starting price, of course there are always those who try with a lower offer.
HOW DO BUYERS REACT TO THE SALE OF AN APARTMENT THROUGH BIDDING?
Customers like this way, if they see that there are more interested parties, therefore it is easier for them to make a decision. Because we must admit buying an apartment is a great investment and the desirability factor is an essential item. It is much easier to make such a big decision when we know that there are still other interested buyers, that the property is for sale. Then it is much easier for buyers to offer and more than the asking price because they want that apartment.
HOW SELLERS REACT TO THE SALE OF AN APARTMENT THROUGH BIDDING
When the seller comes to us and says that he wants to sell the apartment quickly and at the best price, we definitely suggest that we try with the auction. I must admit that most sellers react negatively to the first one, somehow they all associate it with the auction and immediately think that they will not get even close to the market price because buyers will blackmail them and offer small amounts thinking that it is very urgent for the seller to sell. But when we explain to them that this is not an auction, and that most sellers actually get a higher price than they expected, sellers like the idea.
Of course, first our team of experienced agents thoroughly researches the market and determines the real market price of the apartment, after which we proceed to the demand of the best buyer.
What sellers especially like about this way of selling is that we agree on what days of the week we have the showing of the apartment, call it open days. We arrange customers for half an hour and strive to have as many customers as possible in one day. Most often, the seller leaves us the keys to the apartment that day and goes to do something while we show the buyers the apartment. In this way, the seller saves his time and the time of his household, because we agree that no one can be in “home mode” when potential buyers are in his “house”, and instead of several days a week and so for weeks he does the show of the apartment in one - maximum two days.
If you also want to sell your apartment quickly and at the best price, contact us with confidence! We approach each property with special attention, for each property we develop a sales plan and marketing strategy. Become one of our satisfied sellers!
www.euro-interijeri.hr
published on 27.09.2024 year