One of the benefits of being a provider of a real estate online auction system is that I get to see different strategies that are used by our customers.

Before last week, the shortest successful online auction was 2 weeks. Not bad when you consider there are properties sitting on the market for months.

However, last week a new standard was set.

One of our customers put a property up for auction for only 6 hours. During that time, it received 52 bids and the bidding climbed to $520,000 before it ended.

On Thursday at 1 pm CST, we'll share what they did to make this happen.

Hope you can join us - Click Here to Register

 
Post is included in group: Real Estate Auctions
Post is included in group: Real Estate Online Auctions
Post is included in group: Webinars R Us

2 Comments on SOLD in 6 hours - Using an Online Auction

OCT
14
2009
338,233 Points 3 Featured Posts

I'd be interested to know what a broker thinks the value of the property sold was.
3:13pm • #1

According the the listing agent, $520,000 is a good offer.  They have received several back-up offers at a lower price, in case the high bidder doesn't close.
3:48pm • #2


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