No-Reserve, Absolute Auctions Provide Win-Win for Home Sellers and Buyers

NEWPORT, Tenn., Aug. 21, 2013 /PRNewswire/ -- Selling a luxury home or property can be a daunting task. To find the right buyers, attract them to the site, and ensure the sellers get the price they're asking requires time and an agent who can tap in to the right market. Not to mention having the home in show-ready condition at a moment's notice only to be disappointment when learning that the would-be buyer isn't even qualified. It's no wonder that many luxury sellers — and buyers — are looking to absolute auctions to put them in the middle of the marketplace they seek and create a win-win scenario that sells the home in one day.

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Offering a home through a traditional selling process can take months or sometimes years, as well as many reductions in the initial asking price, to finally complete the deal. Auctions offer a viable solution for luxury homeowners because of how targeted they are and that the outcome is nearly guaranteed. Just as luxury art collections and fine automobiles are offered through high-end auction houses such as Christies and RM Auctions, luxury real estate has found a preferred way of getting to the correct and qualified audience: auctions. In many parts of the world, auctions have even become the optimal method for selling luxury properties.

On October 3, 2013, Supreme Auctions, in cooperation with Lucas Haun of Keller Williams Realty, Knoxville Premier Properties, will offer a stunning country Sugar Cove log cabin for sale at absolute auction, selling with no reserve in Newport, Tenn. The current owners, the O'Brien's, have completed a total upgrade of this Heritage log home on 27 acres, overlooking Douglas Lake in the heart of the Smoky Mountains. Mr. O'Brien's career relocation left the couple with two homes, and so they decided to consolidate to just one main residence to call home. Although not an easy conclusion for them to sell their beloved country escape, they are glad they chose to sell the home at auction. "We knew that we did not want to go through the long, arduous task of waiting for a buyer to find our home, then dealing with the inspection and contingency periods," said the O'Brien's. "For us, the choice was effortless, and we are happy to have selected Supreme Auctions to conduct the sale of our property. They are wonderful to work with, and we know that we are in great hands."

Although many homes offered at auction get there through foreclosure or distress that is simply not the case for luxury homeowners, as they are just searching for a quicker resolution. Such is the case with the O'Brien's. The absolute auction means that there is no reserve and the highest bidder on auction day will walk away with the keys to the home.

Supreme Auctions, headquartered in Scottsdale, Ariz., has seen an increase in the number of homeowners opting to go directly to auction, rather than using it as a last resort. As a leader in luxury auctions, Supreme Auctions focuses on the seller first. "When homeowners trust us to represent and ultimately sell their property, they expect personalized service every step of the way. We do what we say we are going to do, and we follow through. Our sellers experience that white-glove feeling firsthand," shared Maverick Commins, principal of Supreme Auctions.

About Supreme Auctions

Supreme Auctions is a leader in luxury property auctions of targeted regional, national, and international luxury real estate auctions by providing proprietary, accelerated marketing services that are unique to each distinctive property represented and sold. With a dedicated team of auction professionals that provide years of expertise, integrity, and knowledge, Supreme Auctions provides the highest level of service to both sellers and buyers of multimillion-dollar luxury properties. The auction process has been in existence for years, but the methods of marketing an auction have been and are currently changing at a rapid pace. Supreme Auctions combines experience with the most current resources. The company offers Keller Williams International and other Luxury Brokerages nationwide the appropriate auction strategy ideally suited to each exclusive property. To learn more, visit Supreme-Auctions.com or call 866-929-2243.

SOURCE Supreme Auctions