Luxury Home & Yacht Auction Blog

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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9521 Neapolitan Lane - Estate Swimming Pool with View of Mansion, Closer View

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

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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

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1240 Gordon River Trail - Estate Exterior, Fire Pit, Closer View

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

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Luxury Estate vs. High-End Condo: Which Is Right for You?

Whether you’re searching for a high-end property to serve as your main residence or a vacation home, you’re sure to encounter a variety of options. From sprawling rural estates to classy urban condos, there are near-limitless options. However, just because that 20-acre estate or ritzy uptown condominium looks great on paper doesn’t mean either one is the right fit for your lifestyle. As you narrow down your choices, it’s important to determine the type of property that best meets your needs. Consider the factors below to help you find your dream home: Do You Prefer the City or the Country?

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Five Tips for Buying an Oceanfront Home

There’s a lot to be said for owning a home on the water. Who wouldn’t want to wake up to the sights and sounds of a lovely beach each morning? However, buying an oceanfront home can be a high-stakes endeavor. Beachfront properties tend to come with greater risks – along with a substantially bigger price tag, of course. We’ve compiled our top five tips to keep in mind when shopping for your own luxury beach getaway. 1. Work with an Agent Who Specializes in Waterfront Homes When purchasing a beachfront home, you’ll want to work with a broker who has

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How to Make Your Luxury Real Estate Listing Stand Out: Three Proven Strategies

Most homebuyers only spend a few seconds considering each online listing, which doesn’t give sellers much time to make an impression. With more houses on the market right now than ever before, it’s crucial to put in the effort to craft a real estate listing that captures the personality of your property and the imagination of would-be buyers. Here are three ways to make your home’s listing stand out from the rest: 1. Work with Professionals When it comes to selling your luxury home, having a team of professionals on your side can make all the difference. Competition in the

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Should You Use Social Media to Promote Your Luxury Home Listing?

Do you want to get your luxury home in front of the right buyers? Targeting those high-net-worth individuals is key, but it isn’t always easy to reach this affluent audience with your messaging. You might already be aware of the basics for marketing your luxury home; creating a listing, sending out flyers, and having someone available to show the property. But there’s another crucial element in today’s luxury real estate marketing mix to consider: Harnessing the power of social media, and its massive, global reach. Below, we’re discussing the importance of including social media in your real estate digital marketing

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Most Sought-After U.S. Locations for Luxury Vacation Homes

Are you in the market for a vacation property? Luckily, the U.S. is home to a wide variety of luxury vacation destinations. Whether you’re searching for a luxurious ski lodge, an oceanfront mansion, or a historic New England estate, it’s crucial to find a location that you’ll love visiting year after year. Below, we’re discussing a handful of the most sought-after U.S. destinations for luxury homes. Read on, and you just might find your dream locale! 1. Aspen, Colorado Aspen occupies a spellbinding corner of the White River National Forest. At every turn, you’ll catch glimpses – or jaw-dropping panoramas

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The Best Cities for Luxury Real Estate in the United States

To be sure, fine examples of luxury property valued at $1 million and upward can be found in all 50 states of this great nation, from coast to coast. But although there certainly is no shortage of high-priced homes in the U.S., there are a few, uniquely-luxurious locales where the ultra-wealthy tend to congregate. These areas also offer stunning natural beauty, lively entertainment and shopping districts, and excellent business opportunities. Wondering which U.S. cities top our list? Read on to see some of the best luxury real estate locations we’ve identified as solid investments and great places to call home,

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