Pros and Cons of Selling Property with Auctions

Pros and Cons of Selling Property with Auctions

The Pros and Cons of Selling Your Property via an Auction

If you are thinking about selling your real estate by auction but wonder if it is the right move for you, consider the pros and cons to make an informed decision. As selling your property via auction is not the most travelled route by home sellers there will be many questions that arise along the way.

The Pros of Selling Your Property through an Auction

Often times, a sale is contingent upon repairs or modifications to the home that are requested by the buyer. When you are selling your property through an auction the properties are sold as-is so you do not have to worry about putting more money into the property in order to sell it.
Selling your home through an auction will also allow you to save decorating or staging costs associated with open-houses or listing your property by traditional means. Depending on how long your property sits on the market will contribute to increased upkeep costs as well, maintaining the lawn, etc.
A great benefit for many home sellers looking to unload their property through a home auction is that you set the price you will accept. There will be bidding in auctions but ultimately you will determine the lowest offer you are willing to accept.
There are no Realtor fees or closing costs associated with selling your home via an auction. Though there will be auctioneer fees. Another pro would be quicker turnaround of your property, no waiting on buyers to come knocking on the door.

The Cons of Selling Your Property through an Auction

When selling your home through an auction there are auctioneer fees assessed for the auction service and can often times be more expensive than using a Realtor. For example, if the property doesn’t sell during the auction the seller is still responsible for the auctioneer’s advertising expenses and any fees associated with the auction. This isn’t the case when using a Realtor. They only earn a commission upon the closing of the sale.
Locating a skilled auctioneer can also create unnecessary problems when it comes to selling your home. There is a possibility you could walk away with less because the auctioneer is not capable of enticing buyers to increase their bid.
One last thing to consider when selling your home through an auction is the turnaround time. While it is considered a benefit to sell the home in a quicker time frame, you must also take into consideration that if the home sells during auction you will typically have to vacate the home within 28 days.

Property Management with Marshall SA

Property Management with Marshall SA

Marshall SA Real Estate Property Management Services

At Marshall SA Real Estate we strive to provide our clients with exceptional services powered by our knowledge of the property management industry, superior technology, and experience of the Greater Metropolitan Adelaide area. We can assist you with the management of your residential, commercial, retail, industrial, or warehouse within a 20km radius of Kensington.

Benefits of Using a Property Management Company

There are many details to managing a rental property and many more reasons to trust your property management needs to a professional. From property laws and regulations to pulling rental comparables and marketing, there’s a lot more that goes into managing your property than finding a tenant and collecting rent payments. Your time is valuable and we understand that. That’s why our exceptional property management services, provided by Marshall SA Real Estate, automatically include:

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An Evaluation of the Rental Market

The rental market in Greater Metropolitan Adelaide area is constantly changing. Keeping up with the rental market can be a fulltime job all on its own. Staying abreast of the real estate market in South Australia is our business.

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A Complimentary Consultation

We will provide you the most honest and up to date information on the Greater Metropolitan Adelaide real estate market where it concerns your rental investment.

Professional Marketing

Our marketing techniques backed by our professional image make marketing your property much easier than trying to do it on your own.

Efficient Make Ready Repairs

When it comes to marketing your property to a new prospect, we will help ensure that cosmetic updates and minor repairs are up to par so that it attracts those tenants you want.

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Timely Maintenance Repairs

No need to worry about being on call 24/7 for those maintenance requests or after hour emergency calls. We know you have better things to do. We will handle the calls, assign reliable contractors, and save you money.

Real Time Accounting Services

Our top of the line technology will keep rent payments, expenses and fees in order. You will always know when a tenant has paid rent, maintenance expenses have been paid, and what management fees have been paid.

Quality Prospect Screening

We will screen potential renters by verifying previous rental history, income and more to ensure we have located you a tenant that is qualified to reside in your property.

Proficient Tenant Communications

We are here to ensure your renter is taken care of too. Professional and consistent communication with tenants helps reduce turnover and ensures any issues are addressed in a timely manner.

Legal Representation in Eviction Processes

Should the unlikely need arise to proceed with evicting a tenant; we will do all the legwork for you.

Why Hire Marshall SA Real Estate to Manage Your Property

With our experienced and professional property managers, excellent communication and follow-up, and by utilizing our state-of-the-art property management technology, you will always be in the loop when it comes to your rental property.
Marshall SA Real Estate is ready and able to assist you in reviewing your property management options. With our personalized service catered to your needs you can rest assured that you are receiving services that benefit you. You’re never just a number to us.
Our convenient location in the Eastern Suburbs of Adelaide, South Australia, allows us to have our fingers on the pulse of all areas. Reach out to us today to see what Marshall SA Real Estate Property Management Services can do for you.