Real Estate Auction Options Principal Gary Gilbert discusses luxury real estate auctions for both sellers and purchasers.

Pockets of Luxury Real Estate Auction Opportunities in Major Metros.

By Gary Gilbert on
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Apr 20 in Luxury Home Auction

Happy Friday from Atlanta.  I lived here years ago and I have forgotten how many luxury real estate auction candidates there still are out there.

Like all major metropolitan areas, Atlanta's luxury homes are concentrated in a few areas.  Here that would be the Buckhead community or something like Country Club of the South. Few luxury property auctions have occured here, especially in Buckhead, but I feel that is about to change. 

Affluent sellers, both here and beyond, are finally warming to the idea of something like a luxury home auction
Like I say here so often, they are usually not distressed and don't have to sell but would like to due to something like downsizing, retiring, asset allocating or possibly health issues.  The property has likely been listed for an extended period of time with few, if any, legitimate offers.  The auction method, with it's date-certain event, forces affluent buyers to a point of action, something they have not faced previously. The auction method allows the seller to take control of the sales process offering them the opportunity to close a certain chapter of their life.

Brokers and agents as well are also warming up to the idea of auction.  Some are presenting the option to their sellers while we are seeing many sellers asking their agent to look into the concept for them.

What is the overall feeling for luxury real estate auctions in your market? Are you or is your client interested in learning more about the process?  If so, we can help.  Our job is to advise you and educate you on the process including evaluating the various luxury real estate auction companies that want your business. Contact us anytime to begin the conversation.

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