Foreclosures, distressed sellers, and firesales o my! A lot of what you have heard about auctions is scary. Especially when buying high-end real estate, you want to be confident and sure about the process. No buyer wants to spend millions on any transaction that they do not fully understand. And the fact is that luxury home auctions should not be scary (Boo!).

Is this your first time participating in a luxury home auction? Don’t fret. An auction is actually the most straightforward type of real estate transaction that you can be involved with. And if you have doubts, you of course can be represented by an agent, broker, lawyer, or other trusted professional.

Furthermore, as a luxury home buyer, the auction process is a fun and exciting experience. You will have the chance to research the home that you plan to bid on. And that means private tours of the property, personalized service from the real estate auction company, and the ultimate in fun – bidding on a dream home on auction day.

Below are 5 Reasons Why Luxury Home Auctions Are Not Scary 1. You choose the auction property

We send weekly Auction Alert™ emails, which announce our latest and greatest upcoming auctions and recent sales. Register to receive our Auction Alert™ emails, and you can literally sit back and wait for the perfect luxury home before you participate in your first auction. In any case, as a buyer at auction you will never have to register for an auction until you identify the perfect house in the perfect market for you and your family. Don’t miss our next Auction Alert™ — sign up today.

2. White Glove Service

Private tours of the property, personalized answers to ALL of your questions, gourmet catering. As luxury buyer this is the service you receive elsewhere, and this is the service you should expect from a luxury auction firm. Your time is valuable, and you are spending a lot of money on a high-end real estate purchase. Excellence in service should be a given.

3. Guidance through the auction process

The luxury real estate auction company should guide you through the process. We at Concierge Auctions have a dedicated Project Sales Manager for each auction property. The PM can answer any questions about the property that you plan to bid on and the auction process. We also recommend that you have your own representation. Most of our buyers are represented by an agent or broker. A personal lawyer, business manager, or accountant are also good choices if you have a trusted advisor within your network.

4. Conduct all research before the auction

Why is the luxury auction process so straightforward? Because the sale is as-is, where-is. You know exactly what you are buying and for how much before you ever raise your hand to make a bid. Many of the diligence documents and other information are made available by the real estate auction company, but if you want to conduct any further inspections, walk-throughs, or other diligence, then the house will be made available. What’s scary about knowing exactly what you are getting before you make a bid?

5. It’s fun, not scary

From hand picking the property that you want to buy to white glove service to the research process, don’t be scared of the luxury home auction process. You are buying a dream house. It should be fun.

For more on the buying high end real estate at auction download 24 FAQs in the Luxury Home Auction Process or leave us a comment.