By MARTIN CRUTSINGER, AP Economics Writer Thu Jan 17, 6:34 PM ET

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Why Auction? For Developers...

In today's ever changing real estate marketplace, Auctions have become an increasingly viable solution to buy and sell real estate. Auctions offer numerous benefits for Developers...

For Developers, these benefits can include:

• Developing a highly proactive sale strategy to move homes/units quickly and for the highest possible price.
• Creating a spotlight effect on your development motivating buyers to take action.
• Creating a specific defined timeline for the sale and closing of the homes/units.
• Selling all homes/units as is with no contingencies.
• Helping to reduce ongoing carrying cost, maintenance and related fees by reducing selling time.