Omaha Home Builder Sudbeck Homes to Auction Properties

May 9, 2008 · Filed Under Sudbeck Homes

If you look at the Omaha housing market, you’ll see that there are currently about 7,800 houses for sale in the Omaha area and almost 20,000 lots for sale on which to build. Competition between Omaha home builders is tight and some home builders are looking for new ways to generate interest in their properties.

As many Omaha home builders tighten their belt and look for ways to either reduce costs or increase sales, Omaha home builder Melvin Sudbeck is taking the step of putting several of his properties up for auction.

Sudbeck homes is auctioning nine model homes and two lots.

According to P.J. Morgan Real Estate agent Tom Zoucha, who will help sell the Sudbeck properties:

Folks come to us because, generally, we can get pretty good results with auction method. It’s a great way to target your property for the entire market. Then, of course, you’re setting when and where it sells, how it sells, and you get money back to work faster.

While some homeowners worry about foreclosures and auctions bringing a lot of new homes onto the market and reducing comparable prices for their area, the sale could also be a good thing for homeowners by reducing market supply and giving sellers an accurate picture of the market. While auction prices often start out low to generate interest, the houses that have been auctioned off in other parts of the United States have usually sold for fairly close to what the home builder was asking for them.

As long as the auction is a true auction, without reserve prices, potential home buyers in the Omaha area could see some good deals on a new home through this auction.

The Sudbeck Homes property auction will start on the 13th of May at 7 at night at the Comfort Inn Conference Center at 7007 Grover Street. Buyers are responsible for financing and, if a bid is won, the buyer is required to make a non-refundable 5% deposit.

Tags: omaha home auctions, omaha home builders