5 Things to Do Before Bidding at Your First Luxury Home Auction

Nov 13, 2013

Do you like to discover and share amazing homes? Are you looking for a luxury vacation home to entertain your friends? Or are you looking for a second home to decorate to your personal taste and enjoy with your family?

Supporting image for Do you like to discover and share amazing homes? Are you looking for a luxury vacation home to entertain your friends? Or are you looking for a second home to decorate to your pers
Supporting image for Do you like to discover and share amazing homes? Are you looking for a luxury vacation home to entertain your friends? Or are you looking for a second home to decorate to your pers

If any of these is you, then a luxury home auction is a fun and exciting way to buy your next home. House auctions allow you to focus on an area or lifestyle that intrigues you. Looking in the Hawaii market, or want a Rocky Mountain ski home? You can follow our Auction Alert™ emails and wait for the perfect waterfront home in Hawaii or Colorado luxury home to come to auction. And then choose to bid at your pleasure.

Intrigued, but nervous about the luxury home auction process? Luxury home auctions are not as scary as they may look. As a luxury home buyer, you are spending a lot of money, and white glove service should be expected. The best real estate auction companies will give you guidance about the auction and answer any questions you may have. We are happy to walk you through the process, even before you decide to participate in an auction.

By following luxury real estate companies on Facebook, Twitter and Pintrest you can start to get a feel for lifestyles, markets, and the bottom line – the selling price.

The first thing to do before bidding at auction is to decide what you want. Is lifestyle (mountain, ranch, metro, waterfront) or market the most important factor. Do you want that perfect ski home in Jackson Hole or Vail; or a private ranch in Texas or Montana?

After you choose what you want, you can sign up for our Auction Alert™ emails and sit back and wait. Auction properties will come directly to your inbox, and when you see the perfect house and perfect location you can begin the auction process in earnest.

Once you identify a property or even just a market, then you should talk with a real estate agent and other trusted representatives. While we are happy to walk you through every step of the process, you should also have personal representation to advise you on bidding at you first luxury home auction.

You have identified the lifestyle and market of your choice and met with the real estate auction company and your advisors. The last thing to do before you raise that paddle for the first time at a house auction is tour the property and conduct any inspections that you might deem necessary. Spending time at the property will give you confidence to bid at the price that you want on auction day.

And now You Are Ready to Bid at Your First Luxury Home Auction.

For more on bidding (AND winning) at a luxury house auction see 7 Steps to Winning at Auction or sign up for our Auction Alert™.

Supporting image for Do you like to discover and share amazing homes? Are you looking for a luxury vacation home to entertain your friends? Or are you looking for a second home to decorate to your pers
Supporting image for Do you like to discover and share amazing homes? Are you looking for a luxury vacation home to entertain your friends? Or are you looking for a second home to decorate to your pers