Quote:
Originally Posted by Becky
I have a home in TV, but also have a home in Ohio. I just want to be done with it It is a nice home, ( for the last 34 years anyway!), but with this real estate market, I wondered if anyone has just said, " oh the h@## with it," and auctioned off their house? I am in the process of updating it, but just want to walk away! Any pros or cons? Could auctioning it be the way to go? Will check back tomorrow! Thanks! 
Becky |
I am having a lot of success here in Michigan, your Northern Neighbor from Ohio, with the bank owned homes out there that you are competing with much like here, the houses that are in good shape, priced well under the current market value, if your house is worth say $450,000. I am seeing and selling homes when they get priced 200000 thousand less, there are multiple offers, most well over the asking as bidding starts and stops on your agenda. You could post a great price, say on the Wednesday of the week, allow showings only at specific times Friday and until 4 PM Saturday only and then cut off the showings, and offers presented Monday from 11:00 am to 4:00 will be reviewed.
I have done this recently here in Michigan and it is working. I sold 8 homes this week. Four offers were cash, two of those were with no home inspection and one wants to close this coming Wednesday.
I think this works better than an auction, you just have to have a strong and experienced agent to handle this transaction for you and be a good negotiator with the agents as this gets crazy.
While I am tying this I just got another offer on another of my listings that was $70,000. over asking price.
Good Luck to you. I can hardly wait to be working and selling in the Villages this winter.
Largorick