Luxury Home & Yacht Auction Blog

How Do Luxury Real Estate Auctions Work?

When it comes time to sell, many homeowners wonder how they can ensure a timely sale at an ideal price. This is especially true for luxury properties, which require interest from highly qualified buyers. To achieve a timely sale, an increasing number of homeowners are exploring the luxury real estate auction process, which offers unparalleled flexibility, access to an elite buyer pool, and more. Below, we’re discussing how luxury real estate auctions work and why they may be an ideal choice for you. What Is a Luxury Real Estate Auction? Luxury real estate auctions are a popular choice among homeowners who wish

Read More »

What Does a Luxury Real Estate Auction Company Do?

When it comes time to buy or sell a home, it’s important to have a dedicated, knowledgeable team in your corner. That way, you can ensure a smooth, worry-free process and a desirable outcome.   Whether you are buying or selling a home, a luxury real estate auction company should take care of the entire transaction for you, from beginning to end. Let’s take a closer look at what a luxury home auction firm does and what you can expect when working with Elite Auctions. Perform a Walk-Through and Initial Consultation  When you first decide to sell your home at auction, you’ll

Read More »

What Are the Most Expensive Homes Elite Auctions Has Ever Sold?

Mega mansions and celebrity compounds: there’s a reason people love to browse luxury real estate, with its exclusive amenities and premium price tags. See some of the most expensive homes to go on auction, the prices they commanded, and the amenities they’ve offered buyers.  1. 1240 Gordon River Trail, Naples, FL 34105  Sold for $7,250,000.00, this luxury golf estate was designed by Stofft Cooney Architects and built in 2009. The private, gated golf course community home sits on a double lot with 1.29 acres and a 7,418 square foot estate. Inside, there are four bedrooms, plus six bathrooms, and two

Read More »

Five Tips for Luxury Real Estate Brokers

Luxury real estate listings have the potential for a big commission, but only for agents who know how to market them. Often, luxury listings challenge brokers due to their higher than average price point. Therefore, it’s critical to prove the value of the property while marketing to a pool of potential buyers that may be smaller, given the high price tag.  Let’s take a look at five tips that can help your next luxury real estate listing stand out.  1. It’s All About Photos and Videos  While photos and videos are important for all real estate listings, they take on a new level of significance with luxury properties.

Read More »

Eight Things You Need to Know as a Luxury Home Buyer

Purchasing a luxury property is quite different from buying a traditional home. Therefore, as a luxury home buyer, it’s important to have a good understanding of the process. By doing your research beforehand, you can make the best possible purchase for your needs.  Let’s take a look at eight essential things to know about buying luxury real estate.  1. You Must Invest in an Experienced Real Estate Company  Just as you would enlist the help of a real estate agent while looking for a traditional home, you’ll also need one when buying a luxury property. However, you’ll need to work with a real

Read More »

Five Luxury Real Estate Auction Myths: Debunked

There are a lot of real estate auction myths that are simply not true. Unfortunately, these misconceptions can make it seem like buying or selling luxury real estate is more challenging than it really is. False information can also make the process seem confusing and intimidating and may ultimately drive people away from participating in auctions.  Whether you’re buying or selling a high-end property, don’t listen to these five common myths about luxury real estate auctions.  1. Sellers Turn to Luxury Real Estate Auctions as a Last Resort  It’s a common belief that real estate auctions are only necessary when homeowners can’t successfully sell their home through a traditional agent. However, many

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 »

The Benefits of Selling Your Luxury Yacht at Auction

Whether you’re looking to sell a 60-foot Sunseeker or a 116-foot Benetti, selling a high-end yacht at auction can provide a number of benefits. Although traditional brokerages have a few perks on their side (along with the weight of tradition), luxury yacht auctions often draw the largest pool of qualified buyers. Why should you consider selling your luxury yacht at auction? Below, we’re discussing a few of the top benefits. The Power of Competition Yacht auctions garner attention and competition, allowing the seller to operate from a point of strength. Instead of managing one-on-one negotiations, yacht owners will likely have

Read More »