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Barry Huber | 615-756-8717 | Licensed Realtor and Auctioneer License #7337

Barry Huber is a licensed realtor and principal auctioneer and leads the Homes By Huber Auction team. Barry is licensed in Tennessee and can also serve Florida and is adding new locations, and will be happy to serve your local business or charity auction event in the community.

615-756-8717 | barryhuber@simplihom.com | License #7337

Barry lives in Gallatin with his family, horses, dogs and farm and loves to be outdoors and working in nature. You can see him at all auctions and events in his classic and traditional cowboy hat, and his interactive and personable style helps him relate to clients and potential home buyers and sellers.

Barry Huber and the team of Homes By Huber serve as both a realtor and an auctioneer. While it is important to understand what an auction is and how to use them, there are common facts and misconceptions about auctions that we work to help our clients understand. First, let’s go over the facts about why auctions can be a benefit to you.

The client has nothing out of pocket. An auction is much different than a traditional real estate transaction and may limit or eliminate your out of pocket fees. Let’s talk about how this can benefit you.

1. Faster closing and payment times. The typical auction, while there is no guarantee, has a closing period and payment period of four weeks from the auction to closing process. This means you get paid faster when you sell.
2. The net is higher than the open market. When you have an auction, there are different types which include absolute (the auction sells no matter the price) and reserve (a minimum price is determined by the seller and not disclosed until there is a potential winning bid). This can result in a flexible sale price and often bring a higher value than a traditional market value sale.
3. There are no showings, inspections or appraisals and a flexible occupancy and exit date which can be negotiated between the seller and buyer.

Here are some common myths about auctions for residential property:

MYTH: Auctions are only for distressed properties: NO. Truth: A common misconception is that only foreclosed or distressed properties are auctioned. In reality, many sellers, including those with premium properties, use auctions to attract competitive bids and expedite sales.

MYTH: Auctions result in lower prices: NOT ALWAYS AT ALL. Truth: Some believe auctions result in below-market deals. However, auctions often attract serious buyers and can drive prices up through competitive bidding, sometimes exceeding the property’s market value.

MYTH: Auctions are only for experienced buyers: Truth: NO AUCTIONS ARE FOR ANYONE! Many think auctions are only for seasoned investors. However, auctions are open to all buyers, including first-time homebuyers. The process may even simplify purchasing by avoiding prolonged negotiations.

MYTH: You can’t inspect auction properties: Truth: WE OFFER ON SITE PREVIEWS AT EVERY AUCTION. It’s often thought that auction properties can’t be inspected beforehand. However, most auctions allow property inspections before bidding, and auction terms are generally clear about the property’s condition.

MYTH: Auction buyers must pay cash: Truth: ACTUALLY, WE ASK FOR PRE-REGISTRATION AND QUALIFICATION. While cash buyers are common, many auctions allow financing, especially for residential properties. However, pre-qualification for a loan is usually required.

MYTH: Auctions are complicated and risky: Truth: THIS IS WHY WE ARE HERE TO HELP. The perception is that auction processes are complex and fraught with legal risks. In reality, reputable auction companies provide clear terms and conditions, making the process transparent.

Want to speak with Barry? Fill out the form to get started!