Auctions 01 Dec 2008 05:15 pm
The Brilliance of Auctions.
This is something we have been saying for quite some time about the credibility of using an auction to gage pricing in your area. I ran across this article today, and it only stood to prove my position.
Auctions have long been touted as a place to get a “steal” in our local market. Or a place to pick up a good property to make some money. The truth however is that an auction can be a solid basis on how to price your inventory or surrounding houses. When inventory exceeds potential buyers, the method of auctioning can be a great way to have reality brought back into the market. Banks have began using the “Multi-Property Auction” method to clear out inventory, but also to give them guidance on pricing the rest of their homes. So why not do this as builders and homeowners as well. Auctions bring certainty and finality to what can be a long, drawn out process.
With nearly 100 years of Auction heritage in our family, give us a call and let us show you how auctions can work for you! Ray Carman – 428-4920