Auctioning Homes

Auctions are becoming more and more popular. On Monday, December 15th, AJ Karas Auctioneers held an auction at one home that was up for auction. Many sellers are seeking this form of sale versus the traditional for sale process.

One home that had been appraised for $1.2 million was sold for $680,000 at 776 Ivanhoe Street in East Denver, another at 4546 W. 36th Avenue in northwest Denver was appraised for $900,000 and sold for $700,000. Potential bidders were able to see instant equity in their efforts.

If you are looking to invest and have the abilities to repair, this may be a chance to reap some benefits! This process sounds better than investing in the stock market!