Myths & Misconceptions

Myth #3: I might accidentally bid—and buy!—a house at an auction.

Not true, at all. (How would anyone stay in business that way?) Real estate auctions are slow and clear, in fact, we won’t let you bid against yourself either! Our auctioneers answer questions, run a practice auction, review terms, talk clearly, and take breaks. You won’t walk away with the winning bid by accident, promise.

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Video transcript:

Hi, Matt Hurley here with Hurley Real Estate & Auctions with another answer to myths and misconceptions about the auction industry. Here’s the myth: people think they may buy a house if they happen to touch their nose or sneeze in an auction. Not true. If you’re thinking about buying an auction, it’s a simple process and we won’t take your bid unless it’s very clear you’re bidding. You need to raise your hand, nod your head at us, raise your card, (etc.)—but you’re not going to buy a house by accident. We’re very slow when it comes to real estate auctions. We take our time and you’ll know exactly what’s happening. The best thing you can do is come early, Ask for some pointers and we’ll be happy to explain the process. So there’s the answer. You’re not going to buy a house by accident at a real estate auction.

Myth #2: If I sell my property at auction, I’ll get less for it.

FALSE. The auction method is incredibly effective. A properly marketed auction brings prepared, eager, and committed buyers. The marketing has prepared them to feel confident about the process and ready to make their highest and best offers resulting in successful and profitable conversion of assets.

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Video transcript:

Hi, Matt Hurley here with Hurley Real Estate & Auctions. Today we’re talking about myths and misconceptions in the auction industry. Some people think that properties bring less when sold at auction. Not true. Listen to this: We recently handled a property that was on the market for six months with an ordinary listing. It was listed for a $1,100,000. It didn’t sell. In fact, the highest offer was one million dollars. The owner heard about Hurley Real Estate & Auctions, gave us a call, we sold his property 30 days later at an auction for $1,375,000. That’s $275,000 than they were asking only 30 days earlier. What happened? It’s simple—results because of the marketing. We had 13 people respond to the marketing we did. 13 people came and competed for the property, which pushed the price $275,000 more than they could have bought it just 30 days earlier. There you go, an answer to myths and misconceptions about real estate auctions.

Myth #1: I’ll lose money if I sell my property at auction.

NOPE! The truth is competitive bidding is the best value discovery tool out there. What is your property worth: what it’s listed at, or what someone is willing to pay for it? Additionally, Seller’s are protected by a confidential reserve. Stay posted for more myths & misconceptions, or call us today—you can grill us with your questions because we love sharing our auction success stories with you!

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Video transcript:

Hi, Matt Hurley here with Hurley Real Estate and Auctions. Today, we’re going to talk about some myths and misconceptions in the auction industry. Number one, people think if I sell my property at auction, it may bring less than I want. Not true. You get to set a minimum and it’s called a reserve. If it doesn’t bring your price, you’re not obligated to sell.

The fact is many times because of the competitive bidding, most properties bring much more than what’s expected. There it is, the answer to myths and misconceptions about selling your property.