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Online Auctions for Realtors® - The Benefits Are Real
As an investment consultant, I like to keep on top of what's hot in real estate. More and more my clients are asking me about buying real estate online through auction websites.
“Is this a smart way to invest?” “Are online auctions safe?”
Most of the online auction providers offer the same basic product real estate, but they vary greatly in their services, fees and inventory. The type of investor and the volume of the transactions determine its success. I will discuss these topics in-depth in future blog posts.
Today I read an article on Realtor.org that was said to list the pluses and minuses of using online auctions to sell real estate. The list consisted of three downsides to selling with online auctions. This got me thinking. Here are three ways online auctions can benefit Realtors®.
1. Auctions Give Realtors® An Alternative Service to Offer Buyers and Sellers
You list properties on the MLS, your company’s website and maybe you use Postlets to send listings to Craigslist. You create your own virtual tours and participate in a handful of social networking websites to get new business. You are an online expert. Looking into the use of online auctions is the ... more
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