Archive for April, 2013

Sealed Bid Sales – A Profitable Option

April 25th, 2013 by melissa

Buyers and sellers alike are most often drawn to live, open-outcry auctions in real estate. Who doesn’t love the excitement of a fast-talking auctioneer and a competitive crowd angling for the winning bid of a much-coveted property? Our recent survey showed that once again, this type of auction ranked number one as the most successful among our clients in selling a property. Although this appears to be the norm, Sealed Bid auctions are starting to make more noise in the industry. While the Sealed Bid auction rated in last place under most successful auction type, this option comes with many benefits when dealing with specific sales. Read the rest of this entry »

PropertyAuction.com Annual Survey of the Real Estate Auction Industry

April 23rd, 2013 by Ori Klein

Once again, we conducted our Annual Survey and polled real estate auctioneers nationwide this past January. Our clients provided answers to a range of questions about industry activity in 2012 and their projections for 2013.

Topics covered in our survey:

Residential Properties
Single family homes, condominiums and coops were the most common type of residential property brought to auction as reported by our auctioneers.

For more charts and numbers download our annual survey of the real estate auction industry

Commercial Properties
Auctioneers were asked to provide us with the most common commercial property type brought to auction – this time Industrial/Warehouse and Agricultural ranked number one. Read the rest of this entry »

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