Auction Services

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Corrales Goodsell Auction Services
Each month your home sits unsold, interest and other carrying costs reduce their potential return by about 2%. That adds up to $10,000 per month per unsold unit on a $500,000 house. If you have 1 or more such homes sitting vacant for an average of 9 months prior to sale, you’ve lost $90,000. This would be dreadful news if it weren’t for one fact…
You can prevent compounding that loss by taking a very simple action… Real Estate Auction. Auction provides a win-win situation. Both the builder/developer/lender/bank/asset manager/REIT/residential seller or home owner and the buyer benefit greatly when auctions are properly run. A real estate auction offers a quick transfer of property, establishes true market value, avoids those horrendous carrying costs, and creates a sense of urgency that can entice buyers.
Auctions are a first choice rather than a last resort and it is projected that by the year 2010, up to 30% of all real estate will be sold by auction. More than $3 billion worth of property was sold by auction in the United States in 1989 and $8.7 billion in 2005. In many countries, auctions are used to sell the best properties; the high-priced ones in the hottest markets. Auctions are the most popular method of selling residential real estate in Australia.
Five Reasons to Sell at Auction: • 30-day escrow • No contingencies • Fair market price • Reduced overhead • Speedy return of investment Our Auctioneer has prospered in the auctioneering business for 40 years because we give our clients value! For more information call us at 310.546.2950.