Charlottesville VA Real Estate

GO DIRECTLY TO THE AUCTION LISTINGS

Current real estate market conditions present challenges for sellers of real estate, and for Realtors representing those sellers. An idea I am using to maximize exposure to the market for some of my listings is the concept of an "Informal Reserve Auction."  The idea is simple, really. I take an existing listing of a home for sale, and run it as an auction for a set period of time. The auction could run for just a weekend, or for as long as a couple of weeks or more. The idea behind an auction is to create urgency and maximize exposure, bringing buyers and sellers together quickly and efficiently.

The auction is "informal" because there's no third-party involved, no auctioneer. No one is standing on the courthouse steps shouting out bids. This is NOT a foreclosure or short-sale situation. The auction is a "reserve" auction because the seller has a dollar amount in mind (the reserve amount) which is not disclosed, below which he will not sell. So there is no obligation to sell at any price, only to accept bids. We set a "minimum bid" amount which is typically significantly less than the desired sales price. This is the price we put into the MLS database, along with disclosures that this is an informal reserve auction.

Buyers and their Realtors then see the listing while searching the MLS system where the home appears to be a good match for them.  The result of running an auction like this is an immensely increased volume of potential buyers looking at the house. Increased exposure generates excitement about the house, which leads to competitive offers for purchase.

If you're considering selling your home, contact me today for more information about how an Informal Reserve Auction can help you get your house sold.  If you'd like to see some homes I currently have available via auction, please visit my auction-listings page!

Featured Homes
(scroll down for more listings):
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$599,950 - Dunlora - 2008 Renovation - spectacular! See www.845KingWilliamDrive.com for more info! See the MLS listing here.
FREE 24-HOUR RECORDED info: 800-544-4727 x2038
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$249,950 - Eagles Landing - 4BR condo - great investment or could be owner/occupied; Great Match Day option for a group of incoming Residents; 1,450 square feet! Location, Amenities!   See the MLS listing here.
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$199,950 - CHARLOTTESVILLE TOWERS -

Rarely available 2BR/1.5BA condo just steps to the Downtown Mall. See www.charlottesvilletowers.com for more details, or see the MLS listing here.
FREE 24-HOUR RECORDED info: 800-544-4727 x2061
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$199,950 - STONEHENGE - Excellent location, minutes to the UVA Hospital. 3 BR/2.5 BA townhouse in great condition! Available for sale or for rent. F or more details, orsee theMLS listings here.
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Barracks West Condos FOR SALE:
Several condos to choose from - all priced to SELL starting at $139,950 - call or email for more details.
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Call or email me for more information.

Steve Taylor
434.817.6055 (office)
800.257.8329 x6055 (toll free)
434.817.9808 (fax)
434.249.4972 (wireless)