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 integrity in previous transactions. There should never be any hint of past legal difficulties, such as a lawsuit – a luxury real estate auction company must always operate well within the boundaries of the law. The individuals working for the real estate auction company should also carry the same dignity, with reputations that reflect the high ethical and moral standards of the firm.
2. Proven Success
No matter how reputable a company is, they need to have a proven success rate. So, how is success measured in luxury real estate auctions? A transaction is considered successful if the goals of both the buyers and sellers are met. Ultimately, luxury real estate auctioneers are hired to move properties from owner to owner. Therefore, if a property sits at auction without moving, it’s considered unsuccessful.
Before committing to work with a certain firm, it’s important to look into their history and see what auctions they’ve presided over in the past. Have their properties moved through the transaction process in a timely manner? If so, there’s a good chance that they will be able to handle your luxury real estate needs.
The luxury real estate auction firm you choose to work with should be credible and trustworthy. This is similar to the reputation and success rate of a company in that it requires a positive history within the industry. First and foremost, you should ensure that your firm of choice is fully licensed and employs knowledgeable, experienced professionals. Beyond that, you should also look for company reviews and feedback from past customers. Better yet, reach out to those who are involved in the industry to get their opinion on the firm. That way, you can determine that everything the company promises – whether it’s great values, quick sales, or attentive customer service – is credible. This also helps you ensure that your transaction follows protocol and is ultimately successful.
4. Hands-On Approach
The luxury real estate auction company you choose to work with should utilize a hands-on approach. This involves a private, in-person meeting to discuss your needs, as well as follow-up meetings throughout the auction process. You should be able to reach your firm’s representative at any time, either by phone or email. That way, should a problem arise, it can be remedied as soon as possible. You should also have a consistent point of contact to ensure efficient communication. If you are constantly being handed off from person to person, wires could get crossed and important information could be missed. Finally, you should feel well taken care off, regardless of whether you are seeking to buy or sell luxury real estate.
If you are looking for a high-quality company to handle your transaction, reach out to Elite Home Auctions. Our knowledgeable, trustworthy team will assist you throughout every step of the property transaction process. Contact us today for more information about our services or to set up a consultation.