Chad Roffers, Concierge Auctions States Luxury Real Estate Auctions Grow More Popular

PHILADELPHIA, PA, June 20, 2013

Chad Roffers Concierge Auctions head of client services, has extensive experience in the real estate industry. As such, he is well aware that there are numerous myths that have circulated regarding the nature of real estate auctions. A recent article published by Realty Biz News sheds light on some of the most pervasive of these myths. Here, Roffers shares this information and adds his own insight regarding the value that luxury real estate auctions hold in the industry.

The article explains: "While it's true that the real estate market is making a slow yet highly anticipated recovery, the auction method of sale remains a top option for both buyers and sellers. Whether it's house flippers, real estate investors, or someone in search of their dream home, real estate auctions are still a sought-after event. Despite their popularity, there are many fallacies that remain when it comes to auctions."

The first, and arguably most prevalent, myth surrounding real estate auctions is that the properties that are offered during these events are in foreclosure or are associated with other financial hardship. This, Roffers explains, is false.

"Some of the most luxurious homes are sold by auction because this is one of the best ways to achieve market value," Chad Roffers, Concierge Auctions head of client services, states. "At Concierge Auctions we host auction events for multi-million dollar estates that are in no way impacted by financial hardship or foreclosure. Our clients turn to us because we provide a superior service and the process of auctioning the home is one that can result in maximum market value for the seller."

Roffers continues by explaining that another one of the myths on the list, that individuals selling property at auction will get a lower price for their property, is quite false. "As Bret Richards states in the article, the auction process is the purest form of determining the true market value of real estate," asserts Roffers. "This is especially true for luxury real estate, as the typical MLS driven sales approach, especially in resort and second home markets that often results in a two to five year waiting game."

Due to a larger amount of media coverage regarding real estate auctions, the myths that are commonly perpetuated about these events are slowly being corrected. Chad Roffers, Concierge Auctions head of client services, urges anyone interested in learning more about real estate auctions to contact a trusted professional.

ABOUT:

Chad Roffers Concierge Auctions head of client services, provides the support necessary for individuals to successfully complete the luxury real estate auction process. By lending his insight to both buyers and sellers, Roffers is able to provide the highest quality auction experience to individuals involved in multi-million dollar real estate transactions. A member of the National Auctioneer Association and the National Association of Realtors, Roffers has extensive experience in the real estate industry and is capable of providing a high degree of skill to each and every auction that is held. When not working, Roffers supports St. Jude's Children's Hospital, Take Stock in Children, and Junior Achievement. Additionally, he is a marathon runner who has completed the New York marathon, is an avid traveler, and enjoys sailing and boating.