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Is Auctioning Your House A Good Idea in Jacksonville? – The Do’s and Don’ts…

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Is Auctioning Your House A Good Idea in Jacksonville?
Selling your Jacksonville house by auction can be a good option if you follow the steps in this article below…
Selling your home at auction in Jacksonville is a growing practice throughout America, because it offers an opportunity to sell your house fast, without paying real estate agent fees, and often with a profit.

However, as with all things, there can be downsides to auctioning your home rather than selling it through the traditional real estate sale process with an agent or to a real estate investment firm like Sunrise Investments.

In this article I’ll dive into some of the do’s and dont’s of auctioning your house in Jacksonville and surrounding areas and discuss the question of “Is Auctioning Your House A Good Idea in Jacksonville FL?”

Is Auctioning Your House A Good Idea in Jacksonville?

If you’re looking at auctioning off your Jacksonville house, keep in mind that there are several preparations that you must make before the actual auction starts.

The “Do’s” 

  • In order to actually get your house auctioned off, you must first find an auctioneer in Jacksonville.There are many auctioneering companies out there today, so do your research before picking one to represent your house.  One place you can start is your local phone book, a referral, or head over to the National Auctioneers Association website and do a quick search for auctioneers here in our area of FL.Look for those with plenty of experience, and even try attending an auction or two, just to get a feel for how they run things. Make sure to find out their fees that they charge for their services, as they can sometimes run quite high. In some instances they may take up to ten percent of the houses cost, greatly reducing the amount of profit that you will receive… sometimes much lower.Or heck, if you don’t want to hire an auctioneer… you can do it yourself. A good auctioneer can really help drive the price of a house up with their skill… but you can run the auction yourself as long as you’re clear about the rules of the auction with bidders, the starting bid price, whether they have to have cash and a deposit at the auction, etc.
  • Decide which kind of auction you want to run – Absolute or Reserve?Once you feel that you’ve selected the house auctioneering company in Jacksonville that’s best for you, establish which kind of auction you want it to be, absolute or reserve.In absolute auctions there is no minimum limit that your house must earn in order to be sold. This means that whatever the highest bid may be, is what you’re going to get.Reserve auctions are those that have a minimum limit, and if it doesn’t reach that limit, it doesn’t get sold.

    Although it seems like a clear choice between the two, don’t assume that reserve auctions are necessarily better. Sometimes if bidders aren’t willing to reach the limit, it will never be sold and you’ll be sitting on a house that you don’t want.  Also, auctions that are “no reserve” (or absolute) tend to attract more potential bidders to the auction looking for a great deal… and if one of them gets wrapped up in the bidding frenzie… that could mean the difference between selling the house that day and not selling it.

    Think carefully about making a decision, and try to decide what it is that you want more. If you want to sell your house as quickly as possible in Jacksonville, then doing an absolute auction is the quicker option. If not, then perhaps a reserve auction would be more in your goals.

  • Don’t leave out any faults about the house from your auction descriptionA really important step in selling your house at auction here in Jacksonville is to list all the problems that your property has. Don’t leave out any faults about your house, because if you do the buyers have a right to come after you for any flaws that you didn’t list out before the auction.

Last…

  • Don’t go into an auction with fantasies of a bidding war erupting, leaving you with an enormous profit.Place a realistic price that you hope to earn, and don’t be too disappointed if your house sells for less than you think it’s worth.  You may have an emotional attachment to the house that the people bidding on the house don’t have.Auctioning your house in Jacksonville may bring in less money than a real estate sale, but it is relatively quick, and can spare you the heartache and stress of the more traditional approach.

 

Why Are You Thinking About Auctioning Your Jacksonville House Anyway?

You landed on this article for a reason… auctioning off your house has crossed your mind.

It may help you sell your house more quickly… so why not give it a go right?

Before you choose to auction off your local house… try another option first.

Our company, Sunrise Investments, buys Jacksonville area houses.  We’re not looking to list your house… we’re looking to actually buy it.

We buy Jacksonville houses…

  • In any condition
  • Any part of town and even other parts of FL
  • ugly houses, pretty houses, houses in great shape, houses that need lots of repairs
  • houses with lots of equity and even houses with little or no equity

We’ll pay a fair price, we can close fast (in as little as 7 days), and you won’t have to fix up the house at all.

If you’d like to see what we can pay for your house BEFORE you decide to auction it off… reach out to us.

You can call us anytime at (904) 789-3982 or just click the link below and fill out the form on the next page to start the process.

So, Is Auctioning Your House A Good Idea in Jacksonville?…  that’s up to you to decide. But if you want to see if working with us makes more sense first before you jump into the “auction” world… submit your info below to get started today!

Get A Cash Offer On Your Jacksonville Area House Here >>

Here’s another great read that we found when writing this article on some more tips and questions you should ask yourself before you auction off your house.

 

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The one thing that stuck out the most to us was that the owner did not bs us at all when he came out and was very transparent on the condition of our property and his company’s buying process. We inherited the property so it was a touchy situation but Mladin made the whole process very simple and smooth.

Julian & Sandy

We had a larger house and eventually the kids moved out and we no longer needed the size house we had bought 20 years ago. Time to sell…. BUT… I was aware of the condition of the house and knew that it would need repairs to get to a sellable condition. Having had my fill of finding contractors willing to be fair or to even be willing to do the work in this market is frustrating. Initially I was had my doubts about selling to an investor. I got hundreds of calls from other investors and was concerned about their legitimacy. I have a friend in real estate that warned that some can be sketchy in how they operate. So instead of responding to any of those, I looked for local companies. I found sunrisebuyshomes and just engaged through the web site. The process was amazingly simple and got a call about it the next day to arrange for Mladen to see the house. Mladen gave me an offer that was very fair considering the condition and repairs that would be needed. I had a ballpark figure that a real estate agent and another investor had provided. Mladen came in at the high range that I had hoped for.
I was concerned that there was a hidden cost or that there would be a change at the last moment but as the closing date approached, Mladen assured me that nothing had changed, and we were still on track. True to his word, closing happened (even a week earlier than estimated) without a hitch. The closing attorney walked us through the process making it simple.
I saw another review that mentioned that Mladen had offer to help move some bigger items and through I don’t want to say that one should expect help like that from him, I did want to mention that he did offer to help us as well with a larger item that we had to move out after the initial movers. I am sure that he cannot do this all the time but he had asked if there was anything that he can do to help as we were moving out
All that said, I know that selling to sunrisebuyshomes was not only a financially better move for us but also far simpler. I would highly recommend it for anyone looking at making major repairs to make a home sellable. They are professional and able to carry out the sale in a timely and simple, stress-free transaction.

Sean Kelly

They were awesome and kept their promise from the day they came out to the day that we closed. They ended up beating every other investors offer and closed before the end of the month. I would HIGHLY recommend them if you are wanting to sell quick.

Brittany

Mladen was a huge help when we decided to sell our home. Unfortunately, I was ill during our move. Mladen actually came over and helped my husband move stuff to our moving vehicles. Thank goodness for this because I wasn’t much use being sick. Mladen made the whole process easy and was very helpful. If you are planning on selling your home, I highly suggest this company.

Paula L

We are a real estate solutions and investment firm that specializes in helping homeowners get rid of burdensome houses fast. We are investors and problem solvers who can buy your house fast with a fair all cash offer.

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