SOLD in 6 hours - Using an Online Auction

By
Real Estate Broker/Owner with Ad Maker Tool & Real Estate Auction Systems

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

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Real Estate Auctions
Webinars R Us
Real Estate Online Auctions
Tags:
real estate internet auction
real estate online auction

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Rainmaker
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Associate Broker Falmouth MA Cape Cod Heath Coker
http://www.CapeGroup.com & http://www.REindex.com - Falmouth, MA
Heath Coker Robert Paul Properties Falmouth MA

I'd be interested to know what a broker thinks the value of the property sold was.

Oct 14, 2009 08:13 AM #1
Rainmaker
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Tom Wood
Ad Maker Tool & Real Estate Auction Systems - Ballwin, MO

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.

Oct 14, 2009 08:48 AM #2
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Rainmaker
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Tom Wood

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