April 2017

Found 1 blog entry for April 2017.

Apr 17

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One of the newest trends in real estate is selling a home at auction.  There are several large auction companies that have jumped into the real estate market and working with owners and real estate agents to assist them in selling a home.  There are several different types of auctions like probate auctions that need the final approval of a trustee before the home can be sold.  More traditional auctions will have a set reserve price that the home must meet before the home can sell.  The best case scenario is finding a real estate auction that has no reserve.  We have seen many properties that have had no reserve and sold well below the current market value.  So if this is the case, why would a seller to choose to auction their home?

First, selling a