When considering selling your home, you may initially think of listing it with a real estate agent. However, the thought of paying commissions can be daunting. Selling your home on your own can save money, but it can also be a headache. Auctioning your home may seem like a way to sell without the hassles, but it’s essential to consider the time and costs involved in this route before making a decision.
In this context, it’s important to know about auctioning your house in Memphis, including the potential buyer pool’s tendency to make insultingly low offers. Moreover, the costs associated with auctioning, such as marketing expenses and auctioneer fees, can be higher than listing with an agent. You must also consider the “no sale” fee, which can be substantial if your property doesn’t meet the reserve price.
However, selling your property to Memphis Home Buyers can be a better choice for various reasons. As a local company, we value transparency and fairness, offering you a fair price for your property without any commissions, closing costs, or hidden fees. We eliminate marketing costs, and you won’t have to make any repairs to the property. Overall, selling your property to Memphis Home Buyers can be a hassle-free and financially sound decision.
Bargain Prices
If you are considering auctioning your house in Memphis, it’s important to be aware that many potential buyers will be looking to make low-ball offers. This can be frustrating and time-consuming for sellers who are looking for a fair price for their property. However, selling your property to Memphis Home Buyers can be a better choice because we are a local company that values fairness and transparency.
As a neighbor, we want you to feel good about the deal long after closing. That’s why we make sure to offer a fair price for your property, and we provide complete transparency on how we arrive at our offer. We will also detail how much you could earn if you sold your home on the current market, so you can make an informed decision about what is best for your circumstances. With Memphis Home Buyers, you can trust that you are getting a fair deal for your property without having to deal with the hassle of low-ball offers.
Expensive
When considering auctioning your home in Memphis, it’s crucial to inquire about the total costs upfront from the auction house. This should include marketing expenses, which are typically higher than when listing, as well as the auctioneer fee. It’s also essential to verify the “no sale” fee, which can be significant if you set a reserve price and the property doesn’t sell.
However, selling your property to Memphis Home Buyers can be a better choice financially. With us, you won’t have to pay any commissions, closing costs, or make any repairs to the property. Our contracts are simple and straightforward, with no hidden fees. Additionally, when you sell your property directly to us, you don’t have to worry about marketing costs, as we eliminate them. Overall, selling your property to Memphis Home Buyers can be a hassle-free and financially sound decision.
Structuring
There are three options you should know about when you select the sale structure when auctioning your house in Memphis. Your choices are to sell with a reserve, a minimum, or absolute. You should be aware that the type of sale at these auctions affects buyer turnout; for example, reserve auctions attract far fewer buyers than absolute auctions, where the home sells to the highest bidder, period. Even setting a minimum bid amount detracts from your buyer pool. Selling to Memphis Home Buyers is a better choice because you won’t have to stress over which selling option you select to sell at auction, and your closing date is guaranteed, often in a matter of days. Now, if that time frame stresses you out, relax. At Memphis Home Buyers, we’re happy to work with you to set a convenient closing date.
Are you ready to learn even more about what you should know about auctioning your house in Memphis and why selling to Memphis Home Buyers is a better choice financially and an easier process for you and your family? Talk to one of our professional investors at Memphis Home Buyers today with no obligation and no pressure, and we can help you over any hurdles that you believe may be standing in the way of selling your house. We’ll buy your home as-is for cash, and the amount we offer is the amount you will have in your hand at closing. Why not let us help you now? Call Memphis Home Buyers at (901) 828-8419.