Luxury Home & Yacht Auction Blog

Read This Before Attending Your First Home Auction

Are you thinking about attending your first home auction and wondering what to expect? Elite Auctions is here to help with answers to some of the most common questions asked by first-time auction attendees. Stepping into a high-end home auction can feel like entering a different world – but it doesn’t have to. By doing your research beforehand and knowing what to expect, you’re sure to have a smooth, enjoyable experience. Read on for everything you need to know before attending your first luxury home auction! View the Property with Trained Eyes Before you even decide to attend an auction

Read More »

When Is the Right Time to Buy or Sell a Home?

In most cases, the decision to buy or sell a home isn’t an impulsive one. It takes careful planning to ensure that buyers and sellers are prepared for the process. Additionally, the timing of that transaction can have a significant impact on the potential sale price of your property and how many other homes are on the market. Whether you’re planning to buy or sell a luxury home at auction or considering a more traditional route, your timing should occupy more than a passing thought. So, when is the right time to buy or sell a home? Consider the following

Read More »

Everything Sellers Need to Know About Luxury Yacht Auctions

Thinking of selling your luxury vessel in an auction? If you are unfamiliar with yacht auctions, you likely have a host of questions about the process. Below, we’re breaking down everything you need to know about selling a luxury yacht at auction, so you can make educated decisions as you work towards the sale of your vessel. Let’s take a look! Why Are Luxury Yachts Difficult to Sell? Every year, hundreds of luxury boats are listed for sale. Because the market is so competitive – and every seller is up against brand-new listings–it can be tough to find the right

Read More »

When Is the Best Time to Sell Your Luxury Yacht at Auction?

Unless you’re lucky enough to live in southern Florida, Hawaii, or another temperate destination, you’re likely subject to a limited boating season each year. For much of the U.S., the prime time for boating spans from mid-May through late October. But what does this mean for luxury yacht sellers? Let’s take a closer look at the best times to sell a yacht at auction. The Best Time to Sell: February Through June Common sense dictates that the beginning of the boating season is the best time to try to sell a yacht – and that’s exactly what our experience has

Read More »

Do’s and Don’ts During a Luxury Real Estate Auction

Once you’ve decided to auction your home, you’ve already made life much simpler by cutting out the arduous process of considering offers, making counteroffers, and working through a typical home sale process. But you still have a few crucial decisions to make that spell success during the auction of your luxury property. Elite’s team of real estate and marketing pros has put together their top list of do’s and don’ts in the months and weeks leading up to your auction, and they’re here to spill the beans on making sure your high-end real estate auction goes off without a hitch.

Read More »

Reasons Why Your Yacht Isn’t Selling (and How an Auction Can Help)

Sometimes you do the work, choose a broker, and list your yacht only to hear crickets. You have a beautiful vessel, you’ve loved her well, and people should be lining up to make an offer. So, what’s the deal? Why isn’t anyone taking the bait? There are a few likely possibilities, but they don’t have to spell total disaster for the sale of your yacht. Here are some of the most common reasons boats sit on the market without generating the enthusiasm they deserve. 1. Pricing Issues A vessel priced too high – even by just 10 percent – can

Read More »

10 Tips for Getting the Most Value for Your High-End Home

If you’re selling a luxury home, you have likely noticed that placing a high-end property on the market can be even more stressful than buying a new one. Targeting the right buyers while effectively highlighting your home’s unique characteristics is crucial for selling high-end homes. To help simplify the listing process, our team of luxury real estate professionals has gathered 10 tips to help you get the most value out of your home: Consider the Luxury Market in Your Area “Pulling the comps” and evaluating comparable sales in your area is usually among the first steps when it comes to

Read More »

Five Tips for Finding Buyers for Luxury Homes

Luxury homes tend to stay on the market far longer than their less dramatic counterparts – mostly because getting them in front of the right buyers can be challenging. The luxury real estate world is highly exclusive, populated by buyers with radically different ideas about a home’s quality and must-have features. Additionally, for many sellers, privacy is a significant concern; a highly publicized listing can be undesirable for a variety of reasons. However, finding the right buyer for your luxury home doesn’t have to feel like an endless process. We’ve compiled the following tips to help you connect with the perfect

Read More »

What Makes a Home Luxury Real Estate?

Many homes offer luxury features and amenities that give them a high-end feel, but few properties can truly be considered luxury real estate. A luxury home isn’t just determined by price per square foot, a minimum home or lot size, or a list of specific features. In a very real sense, the luxury experience is in the eye of the beholder. However, most people agree that a few benchmarks set a genuine luxury home apart from the rest in today’s market. What Is Luxury Real Estate? In general, luxury homes are among the top five percent of the market’s price

Read More »

Five Things You Didn’t Know About Selling Luxury Real Estate

Luxury homes tend to stay on the market longer than traditional properties and require sellers to find highly qualified and motivated buyers. Knowing how to market your luxury estate and having the right professionals by your side can save you considerable time and money throughout the sales process. This often starts with learning more about the luxury real estate market. Read on for five facts to keep in mind as you prepare to list your home! 1. Connections Are Everything When it comes to high-end real estate sales, networking and connections are everything; having a broker or marketing team on

Read More »

What to Expect During a Luxury Yacht Auction

The luxury yacht brokerage market can be an arduous process for sellers to navigate, and it’s not unheard of for beautiful, high-end vessels, even those of the “superyacht” class to sit on the market for months (or even longer). And while waiting for the right buyer to come along, carrying costs like dockage, crew, insurance, maintenance and fuel add up quickly, and are significant. Elite Auctions is here to change the paradigm when it comes to listing or buying luxury yachts. A live, no-reserve luxury yacht auction provides sellers a cost- and time-saving alternative to the conventional list-it-and-wait approach. An

Read More »

How to Increase Your Home’s Online Curb Appeal

For most of today’s homebuyers, the all-important first impression happens in front of a desktop computer screen, tablet, or phone. Online listings can make or break the sale of your home, and especially given the challenges presented to buyers and sellers in the context of a global pandemic, digital presentation can make a bigger impact over traditional curb appeal now more than ever. This is perhaps most true of multi-million-dollar luxury homes, which often attracts homebuyers from well outside the local area. Many people in the market for these high-end properties will plan a trip to take a walkthrough based

Read More »