What is a progressive auction with a reserve and is it recommended as a means to sell your home?

Asked by chuckp44087, Mentor, OH Thu Feb 14, 2013

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Kate Monk, Agent, Aurora, OH
Thu Feb 14, 2013
Hi Chuck,

Call me, I'd be happy to explain what a progressive auction with a reserve is and my thoughts on the pros and cons.

Best Regards,

Kate Monk
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Amy & Dan Sc…, Agent, cleveland, OH
Thu Feb 14, 2013
Hi Chuck,

There are pros and cons of selling your home by auction. We have used this technique to sell our listings in the past and overall, we felt the Cleveland area market is not ideal for it. The local agents don't understand it and buyers also seem a little fearful as well.

I am in no ways knocking the use of an auction to sell a home, but would caution you from jumping into it without learning more. In answer to your first question, I have a friend who is a licensed auctioneer here in town and would be happy to make an introduction so you can get information directly from him. You have nothing to lose by learning about your different options.

I hope this is helpful and best of luck to you.

The Schuman Team
Web Reference:  http://www.schumanteam.com
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