Rural acreage at auction in Millington, Shelby County, Tennessee
Looking for Rural acreage at Auction? Millington, Shelby County, Tennessee is worth looking at. This 67-acre tract of land is located just west of Millington on Shakerag Road just a little south of Shelby Rd. This site is well laid out and rural property is the definition of this piece of land. United Country’s CEO Dan Duffy was just quoted in the US NEWS and World Report; saying ”Land is also broadly characterized as a “real” asset. It’s tangible, and that makes it an inflation-fighter”.
The full story can be read in the entire article by; Rachel Beals in her March 28th article.
Rural property selling at auction is not uncommon and there are auctions almost daily around the country. The biggest questing is what’s the reserve in many parts of the country where absolute auctions are not the common practice. Reserve Auctions simply mean that the seller can reject the final bid. The biggest fear is that the property will sell for fifty dollars of some other intangible amount. This is certainly not reality in normal circumstances; the bigger question should be “WHAT IS MARKET PRICE? ” The auction method of marketing will produce the market price for the property if certain steps are taken to deliver credible information to the buying public.
Although there are mixed emotions in Tennessee on how to handle Real Estate Auctions for land and acreage, equipment and other assets, the main consideration is the exposure and how the property is marketed. Buyers will buy if well informed and presented with the product that is for sale.
If you are looking for land then just get involved, instead of asking what is the reserve turn it around and tell what you are willing to pay, this happens at the auction. It’s your forum to state your case and say what you think the property is worth. See you at the Auction.
For additional information contact America’s Land Auctioneers
iNational Auction Productions H. Myers Jackson TAL6617; Middle Tennessee Realty and Auction, LLC TAF5576. James A Graves, Principle Auctioneer/Broker TAL6414 (Office 931-796-3505) – Each office independently owned and operated. Some or all listings may not be the firm listed, all properties advertised properties listed with written permission. 10% Buyers Premium will be added to the final bid. Call Toll Free for additional information @ 800-711-9175 or email Info@UCCRE.com