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Why Auction Your Property?
- Auctions are a fair and speedy process of selling or buying a real estate property.
- The New York Stock Exchange is the World's most prominent auction occurring every business day of the year!
- Auctions offer sellers an advantage in an otherwise buyer advantaged market by creating a sense of urgency.
- This sense of urgency can often help sell the property before it is auctioned.
- Both buyers and sellers believe the process is fair and quick.In 2006, residential auctions increased by 12.5% over the previous year accounting for $16 billion in residential home sales.
- According to the National Association of REALTORS® “an estimated 30% of all real estate transactions will be auctions by the year 2010.”
- Because bidders are required to register they are more likely prepared to buy.
- A successful auction can dramatically reduce month after month of carrying costs; such as interest, taxes, insurance, and maintenance.
- Auctions can accelerate the sale of your property and they may also eliminate numerous inconvenient showings.
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