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Auctions, the alternative to waiting on the sale
It's as old as dirt and Auctions are here to stay. Real Estate Auctions have been around for centuries and today they are being used to bring value to our market. Recently, driving down a busy corridor I saw an arrow sign promoting $100,000 discounts on new homes. Then making my way to the office an agent told me of a builder who planned to give his houses back to the bank. That afternoon I reviewed my "Short Sale" training. Once again, I was hit with the answer, an auction. Think of the benefits provided to the seller:
No Inspection Contingency No repair list Commissions are paid by the buyer Seller has the right to set the price Property to be sold on a certain date Buyer brings more earnest money which is usually non-refundable No Financing contingencies The buyer is ready to buy The value of the property will be determined by a number of purchasers All parties are present so the transaction can be worked out Agents still get paid Personal property can be sold at auction with the property Sellers can join with other auctions to increase marketing impact Auctions are just a great way to go. The builder ... more

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