Why
would an executor choose to auction a home, rather than just listing
it?
Often
in an estate situation we are asked the question, “why
would an executor choose to auction a home, rather than just listing
it?”
The
answer is both complicated and yet very simple. In an estate
situation, often executors live a distance away from the assets and
property that need to be dealt with and / or there are multiple
executors and heirs with differing goals and expectations.
Often executors are very busy and emotionally attached to the assets
and real estate that requires marketing and sale.
A
traditional real estate company is not equipped to deal with all of
the assets bundled in an estate, only the single most valuable
asset; the real estate. Any real estate agent working with any
company can sell your biggest most valuable asset, but leave you
stranded with all of the other overwhelming issues you have to deal
with inside an estate.
At
LWBC’s, because we have dealt with such a high volume of estate
customers, we have grown to intimately understand the needs of our
estate customers, and the need and demand for a one stop estate
settlement solution. Often our firm is hired to settle an
estate because we are one company, offering a complete estate
settlement solution.
Often
assets will include valuable art, antiques, jewelry, collections,
cars, boats, machinery, tools and general household items. We offer
a complete turnkey Estate Settlement Solution, including property
management of the residence, garbage removal and property clean up,
clean the inside of the home and “stage it” ready for showing
and then sell the home and contents utilizing a marketing system based on the
strengths of the firm through a time defined sale by
competitive bid.
We
also list estate properties, but often estate homes
are vacant and unattended and the family requires an expeditious
sale in a known time frame, only offered by the auction method.
PLUS, we liquidate the contents in the same time frame. A turn
key solution to meet all your needs in a time frame set by you.
Once
our “total services” contract is signed, the timeline to
completion is typically 30 to 60 days. This process includes
not only the firm sale of the home, but all of the services listed
above and many other services also offered to our estate customers.
Some estate customers choose all of our services and others choose
less. But at the end of the day, we’re not just a real
estate company to our estate customers, we are a partner they can
depend upon to assist them to make the best decisions with the
entire estate AND we’ll maximize the value of the largest single
asset in the estate, the real estate. We can either conduct a
time defined sale of the property (auction), and/or list it on the
regular Realtor MLS system.
Call
today if you think we can help you, or someone you know. The
other core market we serve is seniors downsizing. Seniors, and
families of seniors, downsizing from a home to an apartment or care
facility often face many of the same challenges as Executors.
