In October 2017 Harcourts Auctions sold Vancouver's first property under the hammer! 7 registered bidders. Bidding started at $1,000,000 with the property being sold above sellers reserve price, at $2,775,000.
Although Harcourts in North Vancouver primarily sell houses the traditional way, non-distressed property auctions provide sellers with an alternative process, and an opportunity to obtain ‘fair market value’ for their property. Harcourts Auctions is a division entirely unique to Harcourts Canada, delivering a level of service, support and training that is unable to be offered by any other real estate business in Canada.
What does this mean for buyers and sellers of real estate?
Harcourts in North Vancouver is now able to offer the most dynamic and diverse opportunities for sellers to receive a premium sale price in the shortest possible time, while also providing buyers with the exciting opportunity to purchase in a completely transparent and genuine public forum.
Globally, Harcourts Real Estate is responsible for calling, negotiating and selling tens of billions of dollars worth of property every year for the last 128 years, using the auction process.
Don’t let hope be used when it comes to buying and selling your home. Hope is a bad strategy. Harcourts Auctions alongside Harcourts (North Vancouver) are here to provide a strategy to achieve the highest possible price.
Ensuring the Highest Value
At Harcourts Auctions, we are dedicated to ensuring you achieve the highest value possible. Our auction process means potential buyers don’t have a list price; all they know is your beautiful property is for sale and will be sold on a particular date.
Value Over Price
Auctions shift the buyers’ focus from price to value. Without knowing the price, potential buyers can focus on what the property itself has to offer. We don’t get paid until we sell your property, and we don’t sell your property until we reach an amount you like.
Your Timeline, Our Process
The auction process allows you to set your own date and a timeline. No waiting around, guessing when your property will sell-or not sell.
You Call the Shots
We conduct auctions with a reserve price. We don’t believe in underselling, and we believe the sale of your property is your decision. We allow you to accept any offer prior to auction day. In other words, you choose the minimum price. If bidding doesn’t reach your minimum, you’re under no obligation to sell.
Paperwork Completed Prior to Auction
An auction sale is always a clean, simple, and non-contingent contract. The buyer must complete all due diligence before auction day. When auction day comes, you know who is bidding and for how much.
Always in the Loop
When selling your property via traditional means, you are often removed from negotiation and kept in the dark about offers. At auction, you can see everyone interested; they are standing in your front yard. No secrets. No surprises. No stress.
Learn What Buyers Will Pay
Sometimes auctions don’t result in a sale before auction or on auction day. This doesn’t mean your property or the process has failed. Instead, it means you know exactly how much buyers are wilting to pay. Your property’s reputation remains intact because you haven’t advertised your list price. Is until your property is sold. We’re with you every step of the way.