Auctions can be an entertaining spectacle to watch. Large groups of potential buyers vie for their chance to own their next dream home or investment property. Real estate agents love to soak up the atmosphere and put on a show when it comes to house auctions. It helps to create a sense of urgency that is usually encouraged to help make bids more competitive and drive up the sale price.
When you see a house sell well above the market average it’s not always a good result for the seller. Sometimes the sale result of an auction can benefit the agent and the buyer more than the seller. If you’re still contemplating whether an auction is the best option for you, then read on. Here we will reveal some of the facts about auctions that real estate agents don’t want you to know