According to The Medill Reports at Northwestern University, real estate auctions accounted for approximately $60 Billion in sales last year. The reason is simple. By conducting a real estate auction, the seller is casting the largest net possible over the pool of qualified potential buyers and bringing them all together into the home or luxury condo on a specific date and time. The marketing of a home and preparation for auction takes 90 days. Instead of lanquishing on the open market with hundreds of other similar properties for a year or two, the auction process is much more of a proactive approach to selling real estate than the traditional method of waiting for a house to sell. Brokers are bogged down with numerous listings that prevent them from focusing on selling any one home. Selling at auction puts the spotlight focus on only one property at a time. Other great things about selling at auction include a streamlined transaction, the absence of contingencies, and there is no re-negotiating of the contract after property inspection (inspections are conducted by the buyers before the sale). To read the article, click here... http://news.medill.northwestern.edu/chicago/news.aspx?id=122063
Contact Pat Kirby at Grand Estates Auction Company to sell your luxury property. Serving the U.S., Mexico and the Caribbean. (214) 649-7346
