Property Enquiry Form
Real Estate Singapore
- Home
- Selling Your Property
- Buying Your Property
- Renting Your Property
- Company Property Agent
- Real Estate Professionals
- About Hot Victory
- Career Opportunities
- Investors
- Investment In Singapore
- Our Services
- 10 Mistakes Seller Make
- 10 Mistakes Buyer Make
- 20 Mistake Investor Make
- Hire Buyer Representation
- Why Choose Me Seller
- Purchase Exclusive Realtor
- Calling All Expatriate
- Home Loan
- Home Finance
- Business Finance
- Financial Calculator
- Condominium Near MRT
- Condominium Directory
- District Guide Singapore
- Enbloc Team
- Refer To Friends
- Alert Mailing List
- Real Estate Market Review
- Hot Victory Spirit
- Realtor Tools
- Billy Chen Presentation
- Free List Your Property
- Affiliates
- Contact Me
Singapore Property Tips
Home | Real Estate Blog | Articles | Video | Forum | Success Goal | 中文
Real Estate Auctions
While real estate selling is popular you will find that equally popular is the real estate auctions. There are some people who are of the opinion that this kind of auction sells properties that are forced to sell off but what you may not know is that there are so many real estate owners out there who prefer to have this kind of auction because this is a great way to sell the property and get good money for it. There is no denying that there was a time when this real estate auctions were carried out when property owners do not have the money to clear the debt but today, you will find commercial and residential home owners selling their real estate assets this way because they know they will be able to get maximum income this way.
If you feel that you will be able to sell off your property for an amount that is more that the actually market value when you opt to auction it off, then you can always consider this kind of selling. In order to get a price that is high, you have to make sure that the equity position of the property is strong because this is the only way you can sell it off for a high profit. If the equity position is strong then you will not have to pay a very high commission for selling the property. Generally, people consider this kind of auction when the property in question is limited and people would love to own this property at any cost.
When it is made known to public that there is a property that is going to be auctioned off, then people who is interested in buying the property will start to feel a sense of urgency because they would like to get it if they really want it.
You must be aware that there was a time when only properties that were subjected to foreclosure, or properties that were not in good conditions were auctioned off but these days, even real estate assets that are in great conditions are auctioned because the owners are aware that real estate auction is a great way to sell the properties for as much money as possible. There are some property owners who prefer auctions when they want to sell off their properties because they do not want to pay high commissions to their agents. You may be aware that the sales commission of the real estate brokers is not exactly low because you may have to pay a commission of eight to ten percent of the value of the real estate asset.
So real estate auction is something that you can seriously consider if there is a property that you wish to sell off and you want to get as much money as you can through the sales. You will not know just how lucrative this kind of sales can be until you try it so try it now and find out for yourself.
Billy Chen
CEA Registration Number : R029372I
Tel: (+65) 88689999
Fax: (+65) 64021826
billy@billychen71.com
Buy Sell Rent Contact
Property Search
Featured Properties
Landed House
Condominium Apartment
Commercial / Industrial
International Property
Project Property Search
New Project Launch
Singapore Resources
Welcome to Singapore
Explore Singapore
Singapore PR
Singapore Rental Guide
Foreign Embassies
SIR Tenant Check
International School
Expats Relocation
Government Singapore
Foreigner Home Buyers
Financing Other Expense
Guide Property Taxation
Guide Foreign ownership
Banks in Singapore
HDB Information
Public Transport
Useful Resources
Singapore Maps Search
Hotels In Singapore
Free Stuff Giveaway
Online Shopping