Building Your Investment Portfolio at Auction

 


Visitors: 168

“Becoming wealthy is like playing Monopoly. . the person who can accumulate the most assets wins the game. ” -Noel Whittaker

Most people do not consider selling their house at auction. Auctioning off your house can increase the sale price and has actually less paperwork associated with the ownership transfer. Auctions have a bad rap in that they are usually associated with antiques, repossessed goods, or house foreclosures. Another benefit of auctioning off your house is that you do not have to wait around, sometimes months, for someone to buy.

The day it goes up for auction is the day that it is sold and out of your life forever. The longer you hold to a property the longer you will be at risk for plunging real estate prices and a decrease in your home's market value.

If a house does not sell within 30 days on the market it is probably not going to sell unless you drop the price. The longer it remains unsold the more competition it gets and the more money you have to fork over in terms of utilities, lawn care, and real estate brokerage fees.

If you are interested in moving now is the time to auction of your house and take full of advantage of the high property rates and demand. Auction is a quick and extremely time efficient alternative to traditional real estate sales.

Auctions are usually perform in the real estate agent's office. The real estate agent will determine the fair market value of the home. Taking that into consideration, and with you help, the selling price of the home will be established. The bidding begins at this point and can only go up.

The goal of an auction is to have several people interested and they will continue to outbid each other until someone get the highest bid. This is a great way to reach more people and also drive the selling price of your house up.

If your house is auctioned at price you do not like or you do not want to sell your house to the winner, you can choose not too. Auctioning is not a bidding agreement until the papers are signed.

If you are interested in auctioning your house contact your local real estate agent and arrange for meeting where he discuss, in detail, how a house auction works and what the benefits are. Your house is valuable investment make sure you maximize your profit!

Visit the Global Investment Institute and signup for our free Investing For Beginners E-Course at http://www.Global-Investment-Institute.com

Investment webmasters or publishers, please feel free to use this article provided this reference is included and all links remain active.

(468)

Article Source:


 
Rate this Article: 
 
Insurance Company Investment Portfolio Funds
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

What Are Necessary Features Of A Solid Investment Portfolio?

by: Mika Hamilton (February 11, 2008) 
(Investing)

How to Design a Sound Investment Portfolio

by: Amit Malhotra (July 09, 2008) 
(Investing/Stocks)

How To Make A Well-Balanced Investment Portfolio

by: Joseph Kenny (October 26, 2006) 
(Finance)

The Advantages of Diversifying Your Investment Portfolio

by: Kurt Ziegel (February 28, 2008) 
(Investing)

How to Recession-Proof Your Investment Portfolio

by: Steve Meidahl (October 21, 2008) 
(Investing)

Property Portfolio With Investment Mortgages

by: Cherry Lynn Bonachita (July 08, 2008) 
(Real Estate/Commercial Property)

8 Reasons Why You Should Have Gold And Silver In Your Investment Portfolio

by: Richard Irby (April 03, 2008) 
(Investing)

Mutual Fund As Your Alternative Investment Portfolio

by: Cornie Herring (February 03, 2007) 
(Finance)

10 Reasons Why Gold Should Be Part of Your Investment Portfolio

by: Dominique Einhorn (August 10, 2011) 
(Business/Consulting)

Insurance Company Investment Portfolio Funds

by: Dean Forster (April 10, 2008) 
(Investing)