“Auction allows the seller to eliminate virtually all long-term carrying costs, passing the savings directly to the purchaser in the form of a reduced price.” National Association of Realtors® Real Estate Auctions are nothing new. They have been around for hundreds of years. However, today more and more properties are being purchased at auction. Why? […]
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What is a Real Estate Auction? Real estate auctions are an innovative, accelerated, and effective way to sell real estate. Auctions have been around for thousands of years. Why? Because they work. Auctions utilize an event-based marketing plan that creates urgency for the sale. If a potential purchaser wants the property, they need to
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“A real estate auction is an innovative and effective method of selling real estate. It is an intense, accelerated real estate marketing process that involves the public sale of any property—most certainly including those that are nondistressed—through open cry, competitive bidding.” The National Association of Realtors® Real Estate Auctions are nothing new. They have been
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Real estate auctions have been conducted for centuries. Why? Because they work. The National Association of Realtors® calls real estate auctions “a cost-effective, accelerate method to sell a property”. Intense marketing, and advanced sales techniques are employed at real estate auctions. Therefore true market value for a property is achieved. Further, advanced sales techniques such
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