Are all properties suitable for auction?
A. Most properties, but certainly not all, are saleable by auction. Residential property including town homes, condominiums, cooperative apartments and single family homes, commercial property, vacant land, even boat slips-are sold at auction. The majority of sound developments that can be marketed effectively do extremely well at auction. The best auction marketing companies, before accepting a project, will : 1) know the market and 2) analyze the property and/or development closely to ensure success for both the buyer and seller.
Most properties, but certainly not all, are saleable by auction. Residential property (including town homes, condominiums, cooperative apartments and single-family homes), commercial property, vacant land – even boat slips – are sold at auction. Some sellers try to sell unsuitable or unmarketable property through an auction. This is property that perhaps has been on the market too long, causing prospective buyers to consider it tainted. Perhaps the project itself was poorly constructed or planned. These types of properties don’t do well at an auction and most reputable auction marketing companies would not accept them. One method used by auction firms to analyze the market, property and seller situations is the two-thirds rule. A general explanation of the rule is that if two out of three parts (market, property, and seller) lean favorably toward auction, then auction should be offered to a seller as a sales option.
Most properties, but certainly not all, are suitable by auction. Residential property (including townhomes, condominiums, co-operative apartments and single family homes), commercial property, vacant land, even boat slips are sold at auction. Some sellers try to sell unsuitable or unmarketable property through an auction. This is property that has perhaps been on the market too long, causing prospective buyers to consider it “tainted” or perhaps the project itself was poorly constructed or planned. These types of properties don’t do well at auction and most reputable auction marketing companies would not accept them. The majority of sound developments that can be marketed effectively do extremely well at auction. The best auction marketing companies, before accepting a real estate auction of any type property will 1) know the market and, 2) analyze the property closely to ensure success for both the buyer and seller.
Most properties, but certainly not all, are sellable by auction. Residential property (including town homes, condominiums, co-operative apartments and single-family homes), commercial property, vacant land, -even boat slips – are sold at auction. Some sellers try to sell unsuitable or unmarketable property through an auction. This is property that perhaps has been on the market too long, causing prospective buyers to consider it “tainted” or perhaps the project itself was poorly constructed or planned. These types of properties don’t do well at auction and most reputable auction marketing companies would not accept them. The majority of sound developments that can be marketed effectively do extremely well at auction. The best auction marketing companies before accepting a real estate auction of any type property will 1) know the market and, 2) analyze the property closely to ensure success for both the buyer and seller.
| Print | Most properties, but certainly not all, are saleable by auction. Residential property (including town homes, condominiums, cooperative apartments and single-family homes), commercial property, vacant land – even boat slips – are sold at auction. Some sellers try to sell unsuitable or unmarketable property through an auction. This is property that perhaps has been on the market too long, causing prospective buyers to consider it “tainted.” Perhaps the project itself was poorly constructed or planned. These types of properties don’t do well at an auction and most reputable auction marketing companies would not accept them. One method used by auction firms to analyze the market, property and seller situations is the two-thirds rule. A general explanation of the rule is that if two out of three parts (market, property, seller) lean favorably toward auction, then auction should be offered to a seller as a sales option.A free, no obligation consultation with a King Auction Group re
