Selling

Auction Services

Through our partnership with Thomas Industries, Prudential Connecticut Realty offers auction services. Unlike a traditionally marketed property that is subject to market conditions, Prudential Connecticut Realty's auction process generates buyer urgency and ensures that a home is sold quickly.

 

Target Properties

Prudential Connecticut Realty's auctions can work well for these types of homes:

  • Highly-desirable "trophy" properties
  • Unique homes that are difficult to appraise
  • An excess of similar houses on the market
  • Some types of housing developments

It can also assist owners who have special circumstances:

  • Quick relocations
  • Avoiding pending foreclosures

Process

Selling a home though an auction, can be done three ways:

  • Published minimum bid - the price at which bidding will begin
  • Undisclosed reserve - the price at which bidding must reach in order for the house to be sold
  • Absolute - the highest bidder wins, no matter how low the bidding stops
  

Terms

  • Auctions are often done "live" on site and all sales are final
  • Properties are sold in "as is" condition
  • Property inspection information is available to potential bidders
  • Bidders must register and pay a refundable fee prior to the auction
  • Pre-bids are accepted
  • The winning bidder makes a deposit at the close of bidding

Benefits

  • Home sells quickly
  • Property stands out in the market
  • Terms of the sale are in the seller's hands
  • No cap on the sales price

For more information, contact Rick Ross at rickross@westmountmail.com