Most people have, at one time or another, tried their luck at an online auction. Just for the kick of it. Just for the thrill. Buying a bag, a book or a boat even. The novelty of actually buying property on auction is just as thrilling especially if you can handle the excitement, minus the trouble, and be ready to take your pick of some of the loveliest properties around. If on the other hand, you want to sell on auction – you are in for one of the smoothest methods of property selling ever.
It is one of our ultimate missions to innovatively bring buyers and sellers in Malta and Gozo closer together whilst decreasing the number of days to sell and most importantly at the market price. With this in mind our introduction of Property Auctions is a natural inclusion to the services we offer to the general public in Malta. Professional property auctions have been practices abroad and throughout Europe for over four decades and we feel that the Maltese Public are ready for an integrated service offered by an established real estate company.
Here in a nutshell, is what you can expect to experience if you are interested in purchasing or selling your property via through the RE/MAX Malta Property Auction service:
When buying a property by Auction you are ensured that the seller is prepared to commit thus there is no worry that the seller may back out of a deal. Once they have agreed to go to Auction and the hammer is activated the sale is yours. You are determining the price and of course you are able to bid or outbid other bidders, whilst each and everyone at the Auction are comfortable with the fact that they are bidding on a level playing field. It is a known fact that properties that go to auction are sold at a fair price.
When Auctioning your home you are rest assured that buyers are prepared to buy, and in fact, come to the Auction prepared with a bank draft of 10% – which is registered immediately at the auction. Whilst the losing bidders of course will receive their bank drafts back, they may also bid – should they choose to – on another property thus increasing your chances for a sale. Selling your home though Auction accelerates the sale, all potential buyers are pre-qualified and your home is exposed through a myriad of marketing avenues, increasing the pool of potential purchasers.
All types of properties both residential and commercial real estate are suitable for a Property auction. A decision to place a property auction is mainly based on the motivation of the seller and not the property type.
The reasons why you may consider an auction:
In both instances, a property auction is another incredible option to sell you home within a specific time frame and at the best going market price. Our commitment has never been so strong in ensuring RE/MAX customers are provided the market knowledge to make informed decisions. We hope that this article has shed further light on our latest product offering. Should you be interested you may call any of our RE/MAX agents or contact Jeremy Borg Grech, Auctions Manager, for more information on 99524111, send an email to firstname.lastname@example.org or browse our new Auctions Real Estate Malta website