Most Real Estate agents hate open houses. They think that they are a waste of time and get no results.
At Mound City Auctions we love open houses for our real estate auctions in St. Louis, they give us a chance to explain auctions to a lot of new potential bidders and sellers in a very short time. We do not use a lock box which forces our bidders to come in when the other bidders are there. Aha competition, it is a good thing.
We like to ask our attendees what they think the high bid will be and see what they think, it is a twist a regular real estate open house doesn't offer.
Thursday, June 25, 2009
The state of real estate auctions
Real estate auctions are growing in acceptance in the St. Louis Area and all over the country. At Mound City Auctions we have seen a huge increase in the real estate we are offering and the amount of real estate that is selling.
The National Auctioneers Association reports a 47% increase in the numbers of residential real estate sold by auction from 2003 to 2008 making that section the fastest growing sector of all auctions. We have seen home we have listed go from signing the contract to offer the home at auction to a closed deal in less than 3 weeks total.
The National Auctioneers Association reports a 47% increase in the numbers of residential real estate sold by auction from 2003 to 2008 making that section the fastest growing sector of all auctions. We have seen home we have listed go from signing the contract to offer the home at auction to a closed deal in less than 3 weeks total.
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