Still using slow dutch auctions to sell your listings? - 07/26/11 02:11 PM
Currently, the most common way to sell real estate in the U.S. is by listing it in MLS and then continuing to drop the price until a buyer makes an acceptable offer (see above). Most real estate agents don't realize this is an auction, a dutch auction - just done very slowly.By definition in Wikipedia, a Dutch auction is a type of auction where the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price.Since you're already doing a type of auction, why not try a traditional auction where you open … (1 comments)

 

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