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Home Real Estate Auctions are Soaring Nationwide!
Home Real Estate Auctions are Soaring Nationwide!
The number of homes being sold by real estate auctions is rising extremely quickly. The main reason for this is because real estate auctions benefit both the buyer and the seller. The seller is able to get rid of their property fairly quickly when compared to traditional selling methods and they also have about a 90% chance of selling their homes this way. The buyer is able to save money on the property as real estate auctions are typically excellent deals and the deal itself is very transparent in almost all cases.
Data released from several agencies indicate that in addition to the number of auctions increasing, the money that is spent on homes is also increasing. This also benefits both the buyer and seller. The seller gains the benefit because buyers are spending more and even though the buyer is spending more, they are still getting the property at a price that is below market value. When they sell, they can still make a profit. It is estimated that prices are up about 2-3% over a year ago, on average, depending on where the sale is taking place. In some areas, sales ... more

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