I believe that the vast majority of property owners and even many financial institutions did not realize just how dire the consequences of creative lending would have on our entire financial system and the economy in general.
I believe that our economy will not begin to grow again until we begin to see a flattening out of the current real estate implosion. Auctions offer an expedited alternative to help us reach that point.
Auctions currently represent a $270 billion dollar yearly business with real estate being one of its hottest sectors, accounting for approximately $75 billion. With the recognition of ongoing carrying costs and or the loss of return on capital locked up in idle assets, well planned auctions can effectively minimize expenses connected with maintaining unsold properties.
Auctions can also provide more immediate liquidity by greatly reducing the time and associated expenses connected with the carrying cost of unsold units/homes and commercial properties.
Visit www.Auction-Generation.com for a brief video presentation describing the auction method. Our firm handles all aspects of the auction process including preparation of the property, developing an intensive pre- auction marketing campaign, managing the auction (set up, conducting auction, follow through to close). We offer an experienced team of Senior Auctioneers, Sales & Marketing, Project Management and Administration.
Was the prices come to a flat point that will give people more confidence. I think auctions are good in theory...the trouble is a lot of the time the bids are lower the the reserve price and nothing happens...your thoughts?