Why Real Estate Auctions Work
By Paul Roesch 618-233-1000, Real Estate Auctioneer CAI St Louis MO Auctions
(Palatium Auction and Appraisal Service, Real Estate Auctions, Estate, Moving, Downsizing Auctions 618-233-1000 USPAP Appraisals)
For many types of properties, selling at auction is a powerful, highly effective alternative to traditional real estate brokerage. Where marketing approaches of traditional brokerage firms can last many months or even years, the auction process takes every aspect of effective real estate marketing and dramatically compresses the sales cycle, minimizes carrying costs, and creates a single moment of competitive bidding that determines the property's true market value. Sold Competitively at Real Estate Auction Auctions are unique events that focus market attention on the property, at the expense of competing properties. Auctions create urgency for buyers who wish to purchase the property, and an absolute buying deadline that did not exist prior to offering the property up at auction....