MEMPHIS HOME AUCTIONEERS
Auction Any House For Market Value Fast With Juris Auctions
NEED A MEMPHIS HOME AUCTIONEER OR HOUSE AUCTION? CALL 1-901-254-8200.
When you sell a house at auction, you’ll get true market value and pay absolutely NO commission.
YOUR HOME HAS COMPETITION. WE CAN FIX THAT.
At first glance to a buyer, your home may look like other homes on the market. But Juris Auctions can help. We’ll differentiate your property, and make it stand out. Since buyers have choices, it’s crucial to zero in on and promote your home’s uniqueness. Combined with effective auction marketing, this helps to bring you true market value – fast.
CONVENTIONAL HOME SALE VS. AUCTION
Consider this hypothetical example of a house listed for $250,000 and then sold conventionally after some time and negotiation. In the second hypothetical example, the same house is quickly sold at auction with no negotiation and a high bid of $250,000. The mortgage balance is assumed to be $100,000.00.
*See notes below for details and additional assumptions.
HOMES OF VIRTUALLY ANY TYPE OR VALUE CAN BE SUCCESSFULLY SOLD AT AUCTION. CALL 1-901-254-8200 FOR MORE DETAILS.
CLOSING IN MONTHS: 3-6
NEGOTIATION (-5%): $12,500.00
BUYER CONCESSION: $3,500.00
COMMISSION (7%): $16,380.00
MORTGAGE PAYMENTS: $3,636.00
UTILITIES & UPKEEP: $2,700.00
TOTAL COSTS: $42,566.00
TOTAL NET: $207,434.00
% OF LIST PRICE: 83%
% OF COST TO SELLER: 17%
AFTER MORTGAGE PAID: $107,434.00
CLOSING IN MONTHS: 2
BUYER CONCESSION: –0-
MORTGAGE PAYMENTS: $1,212.00
UTILITIES & UPKEEP: $900.00
TOTAL COSTS: $7,895.00
TOTAL NET: $242,105.00
% OF TOTAL PRICE: 96.8%
% OF COST TO SELLER: 3.2%
AFTER MORTGAGE PAID: $142,105.00
*Notes: In these hypothetical examples, annual mortgage payments are assumed to be $7,272.00; annual taxes, $4,500; annual insurance, $3,200; and annual utility and upkeep expense at $5,400.00. Values may be rounded. Customary closing costs are not included in these calculations, and will apply to all sales scenarios. The equity contribution of mortgage payments is not factored in. As with any hypothetical example, your results may vary based on property, market, and other factors; there is no guarantee of specific results and yours may vary. This framework is provided only as a starting point, and you are encouraged to calculate your own actual expenses and expectations. Please contact us at 1-901-254-8200 so that we may discuss your specific scenario.
Once a date is selected, a comprehensive home marketing plan is put into motion.
Sophisticated, ongoing marketing takes place right up until the home auction.
HOUSE IS SOLD
At auction, high bidders emerge, the house is sold, and you are paid.
5865 Ridgeway Center Pkwy, Suite 300
Memphis, TN 38120