Luxury Home & Yacht Auction Blog

1240 Gordon River Trail - Exterior of Mansion, Closer View

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

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1240 Gordon River Trail - Interior of Estate Kitchen and Dining Area, Closer View

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

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11322 E Ricks Circle - Interior of Mansion Living Room, Closer View

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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The Importance of Marketing Your Luxury Real Estate Listing

You have a beautiful luxury home in a great location, and plenty of professionally-shot digital imagery and video for the listing – so, why isn’t your property selling? Often, the answer is simple: Marketing. Digital real estate marketing tactics, along with more traditional ones, both have a place in the luxury home sales process, and skimping when it comes to marketing your home effectively can result in one that sits on the market for years. Digital Marketing is a Non-Negotiable The role of digital marketing is expanding daily – particularly as we’ve just ended 2020, a year that fundamentally changed

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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

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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

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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

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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

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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

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