Luxury Home & Yacht Auction Blog

Eight Things You Need to Know as a Luxury Home Seller

If you’re looking to sell a luxury property, you should know that entering the luxury real estate market as a seller is a tricky business. You need to understand the true value of your property, partner with trustworthy experts, and complete a considerable amount of home preparation before you sell. A qualified luxury home auction company such as Elite Auctions can assist you every step of the way and ensure your home sale is successful.   Before you begin the process of selling your luxury home, here are eight key things you need to know.  1. Luxury Homes Can Be Difficult

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22119-steeplechase-lane-ca Pool and Rear House View

Why Choose a Luxury Home Auction Over Ordinary Selling?

There are more ways than ever before to sell your property. Options include traditional agent-assisted selling, owner financing, lease-to-own, auction, and even sell-by-owner. When considering the many ways to sell a property, it’s important to understand the relationship between the type of property and the selling method. For the vast majority of luxury homeowners, selling by auction is the only alternative worth considering. Here’s why. Certain Selling Options Aren’t Suited for Luxury Homes  As previously mentioned, the property style should match the best method of selling. For example, sell-by-owner is best suited for homeowners who want to avoid paying commissions on lower-valued

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How to Find and Purchase Luxury Real Estate

Are you in the market to buy luxury real estate? If so, you probably have a few things on your list of priorities. You likely have a minimum number of bedrooms and bathrooms in mind, the ideal kitchen in which your family will enjoy meals, and a specific acreage. Of course, you’re probably also trying to get the best house at the best price. That’s only natural. If you’re ready to purchase luxury real estate, there’s a little secret you should know: you can buy mansions and high-value homes without spending exorbitant amounts of cash by using auction companies such

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11650-masters-run rear right side and pool view

Six FAQs About Luxury Real Estate Auctions 

As a luxury property owner, it’s natural to have questions about putting your real estate up for auction. At Elite Auctions, we believe in keeping our sellers as informed as possible. Please feel free to browse these most commonly asked real estate questions for luxury auctions.  1. Does Auctioned Luxury Real Estate Sell at Reduced Prices? Luxury real estate that’s put up for auction rarely—if ever sells at reduced prices. In fact, just the opposite is true. The luxury real estate auction serves to drive selling prices higher. First, there’s the marketing aspect. When a luxury property is put up for auction, it gets

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What to Look for in Your Luxury Real Estate Auction Company

Whether you’re in the market to buy or sell a luxury property, it’s important to work with a real estate auction firm that you trust. The right company will be there for you throughout the entire transaction process – thus increasing the odds of a successful sale. Let’s take a look at the four essential traits of a quality luxury real estate auction company. 1. Positive Reputation Having a positive reputation is paramount in the luxury real estate industry. No matter which side of the gavel you’re sitting on, you want to partner with a firm that has proven its honesty and

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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

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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

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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

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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.

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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

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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

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