Why choose auction? Well first off, 25% of the value of a non-earning real estate asset is lost when that home or property sits waiting for a buyer. The longer the wait, the more value is lost. Not only holding costs, but degridation of the property due to lack of use and upkeep. But here's another fact: in 2007, auctions generated $25.2 Billion in gross revenue for real estate. By bringing transparent bidding and terms, along with the highest current market values directly to sellers and buyers of real estate, auction turns non-earning assets into sales, closings and cash.
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