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$13.1
billion of
residential real estate
was
sold by auction in
2007, according
to the
National Auctioneers
Association. That is
30% of all real estate
in the US, with growth
on the
horizon!
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The advantages of
FOR SALE BY OWNER
(FSBO) auctions over
traditional realtor
sales include:
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| FAST |
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Top
dollar in as few as 30 days when considering time- value of
money: A
seller knows exactly when the property will sell. |
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| COMPETITION |
|
Creates
competition among buyers: Auction price can exceed the price
of a negotiated sale. |
|
| SELLER
SETS TERMS |
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The
seller sets the terms and conditions of the sale: The seller maintains
control of the property throughout the auction (depending on
auction type) and actively participates in the sale process. |
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| SIMPLIFIES
SHOWINGS |
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Eliminates numerous and unscheduled showings. |
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LOWER
HOLDING
COSTS |
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Faster
property turnover results in less holding costs and more
profit for the seller. |
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more
advantages |
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Fergus
Prestbye
CAI, GPPA, has over 22 years of auction experience.
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