When the time comes to sell your mansion or high-end luxury home, the last thing you want is to let your property sit on the market for months or years on end. One of the best ways to ensure that your property sells quickly and at a desirable price is to use a luxury real estate auction service. Here’s how to evaluate luxury home auction companies, so that you can ensure you will get an expedited sale, for the right price with the best service.
Auction Company History
One of the first things you should consider when selling a luxury home by auction is how long an auction company has been in business. A business that’s been around for a while, say 30 or more years, will likely have an experience-rich history, along with a legacy of great success and service. Do your research via the web on the key personnel just as you would when deciding what Doctor or Attorney to use. When you meet with a company, you should ask them about their history, as it could be a direct correlation to their understanding of the luxury housing market.
Past Sales Results
As you pour over the history of the company, take a glance at their sales results and consider how well they have performed in the past. When, where and in what quantity have they sold luxury homes in a timely manner? How do they identify potential buyers who will be attending the auction? As you evaluate luxury home auction companies, these factors can indicate the success of their sales and the quality of the company’s service.
Referrals and Testimonials
Any reputable luxury home auction company is going to have a list of satisfied clients. So during your search for such a service, stay on the lookout for client reviews and don’t be afraid to ask the auction company for referrals. As with anything in the luxury market, one of the best ways to evaluate a service is to hear from former clients—you know they will give you the honest truth. This can provide you with an improved understanding when approaching a luxury home auction company for selling your luxury property.
Experience and Expertise
Selling high-end luxury homes requires a unique and different skill-set. Having an experienced auction company that is dedicated to the luxury home market is of the utmost importance when it comes to selling your property.
Along with experience needs to come expertise. More often than not, this elevated level of expertise is associated with years of experience, but it also stems from having the right resources and understanding of the luxury real estate market.
Selecting the right luxury home auction service may take some research on your part, but once you identify the right company, the rest is smooth sailing.