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REAL ESTATE AUCTIONS
We Locate Qualified Buyers,
Maximize Marketplace Exposure &
Accelerate Your Selling Price
WHY REAL ESTATE AUCTION?
A real estate auction is a method of buying and selling real estate which accelerates the purchasing process through the medium of a real estate auctioneer. The real estate auction is definitely a win-win proposition for everyone involved.
The seller disposes of properties quickly and efficiently, thereby saving long-term carrying costs such as interest, real estate taxes and maintenance. For the buyer this can mean a smart investment since properties are usually purchased at fair market value through competitive bidding.
Because the auction sale is conducted in an open forum, both motivated buyers and sellers have the assurance of watching the property's true market value emerge as the bidding process progresses. For both the buyer and the seller, fair market values for the property prevail.
REAL ESTATE AUCTION SUCCESS
Once considered a last resort for disposing
of distressed property, the auction process has grown in popularity. The fastest expanding segment of the auction industry is now in the sale of real estate. If current trends continue as predicted by national real estate experts, within this decade more than 30 percent of all real estate sales will be conducted by auction.
REAL ESTATE AUCTIONS = ACTION!
Many times when we suggest a real estate auction people say "Are you serious, that's only for distressed property?". One of the biggest and most successful changes in real estate in the last decade is the new role of auctions in selling and buying real estate. Real estate auctions have become an effective selling tool, a viable supplement to yesterday's private, negotiated, put a sign out, run an ad, wait for the phone to ring, one on one, marketing efforts. Privately negotiated and auction marketing programs differ mainly in that an auction can usually ensure a real estate sale within a certain time and focus market attention on the property being auctioned. Auctions can accelerate real estate sales, and many times maximize the property's selling price. The entire marketing time rarely exceeds 60 days. Clearly, real estate auctions offer owners several distinct benefits not available though private negotiated real estate firms.