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By specifying a date on which you would like to sell, you create a sense of urgency with potential buyers, thereby accelerating the sales process.
PEAC's marketing team creates a focused advertising campaign designed to provide maximum visibility of your property. Our strategy will elevate awareness and bring the Buyers to you!
PEAC helps you eliminate the costs that erode equity by setting the date for sale. This enables you to net the highest price possible for your property in a declining market.
PEAC helps you to eliminate the negotiation process. You determine the terms and conditions (i.e. nonrefundable earnest deposits, closing time frames, and more). You set the time and date of the sale so potential buyers know you are committed and are ready to bid on auction day!
Open bidding allows potential buyers to know exactly what to pay to win your property. This creates a fair and open transaction for all parties.
Appraising luxury homes can be challenging because they generally have few comparables. Auctions establish the fair market price on that day, which creates unlimited upside potential.
PEAC sales are contingency-free (properties sold ), giving you the confidence to plan your next step.
It's possible that your property will remain on the market for months or years. This could lead to a series of price reductions to encourage buyer interest, which ultimately eats away at the profits.
Your property will be one of many that are minimally advertised. This creates a heavy reliance on the Multiple Listing Service (MLS), where your property can get lost in a sea of listings.
A property that remains on the market for an extended period becomes a drain on you and your equity. These costs (including mortgage payments, maintenance, taxes, insurance, etc.) can add up to thousands of dollars a month.
In a buyers' market, the buyer is in control of the sales process. To put it simply, buyers are waiting for price reductions and want to negotiate and renegotiate all aspects of the sale.
Buyers do not compete directly so the broker and seller have to negotiate the sale. Buyers may actually pay less than if they had competed face-to-face.
Over priced properties generate little to no interest, which results in an extended stay on the market. Under priced properties sell for far less than they are worth because they leave room only to negotiate further down.
Closing on a property with any contingencies can prove to be a time-consuming process that is both difficult and frustrating.