The benefits of real estate auctions

The benefits of real estate auctions

These are a few things to take into consideration and having to do some work on the machine is to be expected, but you don’t want to get thrown under the bus by buying something that is completely shot. If your thinking about buying heavy equipment, check out Alex Lyon & Son. We have machinery auctions all over the country and would love to help you decide on the perfect machine!

Selling your property can be a long and time-consuming process, if you choose to go the traditional route. You have a long negotiation process and worries if your home is getting sold at market value. Instead of worrying, why not try a real estate auction.

 What’s a real estate auction?

A real estate auction is a quick and effective way to sell and buy a property. There is a range of properties that can be auctioned off, like family houses, commercial properties and undeveloped properties. These types of auctions can be done online. 

How the auction works

A real estate auction is a speedier process than your regular real estate purchases. The auction starts with a minimum bid for a property. From there, bidders can begin to make their bids. They begin to raise their bids until there is only one bidder left.

Every auction is different, but in most cases, the winning bidder will have to pay the property whole or leave a 5 to 10 percent deposit then the remaining later. Buyers could also pursue financing options. 

The benefits of real estate auctions for sellers

For those who are skeptical of real estate auctions, there are some major benefits of selling property on auctions. 

You’re property will be sold! 

Of course, if you are selling your property, you want it to get sold. When you put your home or property on the traditional market, you never know when your home will be sold. You will get interested buyers, but then they could back out. It is not the most convenient process if you are trying to get your property sold at a specific time. 

Choosing your property to be sold at an auction can guarantee your property will be sold on a specific date. You will not have to worry about what changes you have to do it to get it off the market. 

You take the seller out of the negotiation process.

When you choose to put your property in an auction, you are kicking to the curb the whole negotiation process. Buyers are getting the property as it is and for the winning bid. There is no worrying about a buyer asking to pay a lower amount than what you have asked to start at or prolonging the negotiation process

It will increase the interest and visibility of the property. 

What better way to market your property without having to spend tons of money? An auction of course! An auction site already has an audience that is constantly checking the website and social media to see what will be sold next. That will give your property a brand new audience and a potential buyer. 

The assurance that your property will be sold at true market value.

The last thing you want is for your property to be sold for less than its value. An auction can reassure you that your property will be sold at true market value. That means that you’ll get the best price for your property based its locations, other recent sales and the conditions it might be. 

Whether you are looking to sell your property fast or buy one fast, make sure to check Lynon Auction. You can sell your property to your construction equipment. Contact us to learn how you can get started. 


What makes a Lyon Auction unique is that all of the equipment is in the same location. Companies are able to liquidate a large fleet of vehicles in a single auction. Lyon Auction is able to help well-known companies from the conception to the conclusion of the auction. This makes it headache-free and as enjoyable as possible for both the seller and buyer. If you have any questions, feel free to contact us, we’re listening!


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