Whether buying or selling your home, you want to get the best possible deal. A real estate auction is an amazing and innovative way to do that. But between Concierge Auctions and RealtyHive, which is the better real estate auction company?
It might seem counterintuitive to write about our competition but ultimately, we want every buyer or seller to feel confident in the company they choose. Read on as we weigh out your home auction options.
RealQuick: What are real estate auction companies?
You might have an idea just from perusing our site, but we’re happy to break things down for any first-time guests (welcome, by the way!). A real estate auction company works with sellers, buyers, and real estate agents to help a home sell at a live auction (sometimes called a time-limited event).
Why do some people choose to buy or sell through a time-limited event? Good question.
- Speed up the selling process
You can lose money with a property that stays on the market for too long.
- The price isn’t fixed
Final price depends on the bidding competition. Not as many bidders could mean a less competitive price, which favors the buyer. A highly competitive time-limited event could mean a house goes for substantially more than what it’s worth, which favors the seller.
- Easier to buy or sell internationally
International properties usually require international buyers. With an online time-limited event, buyers can place bids around the world.
How RealtyHive and Concierge Auctions Are Similar
Purchasing Time Frame
For both real estate auction companies, buyers can purchase a property at or before the event.
International properties are available for purchase (and can be sold) through both RealtyHive and Concierge Auctions.
Reputation and Success
RealtyHive and Concierge Auctions both have pretty solid reputations and proven industry success.
How RealtyHive and Concierge Auctions Are Different
Concierge Auctions has a successful track record just like RealtyHive, but it comes at a price. They charge much higher fees than our real estate auction company — 12% or a minimum of $175,000. This might give you a clue into our next point…
High-End, Luxury Properties
We at RealtyHive are all for high-end properties (like this gorgeous Hawaiian estate or this 5-bedroom penthouse in the Bahamas), but we offer plenty of more modest homes as well. Concierge Auctions solely accepts super luxurious properties. At RealtyHive, you don’t have to be a multimillionaire in order to find (or sell) a home.
Real Estate Agents
Concierge Auctions do not deal with FSBO sellers — you must work with a real estate agent with them. At RealtyHive, you don’t need an agent if you don’t want one. But if you want one, that’s great too! We’ll draw on our amazing network of agents to find you the perfect person.
We’re proud of the qualities we share with Concierge Auctions, but we’re perhaps even more proud of what sets us apart. Whether you’re looking for your dream home or feeling ready to sell your current one, set yourself up for real estate success with RealtyHive!