The property is priced below the market right now. What is this going to mean if I register it for auction?
A. We find that often price is not the issue in determining why a property has not sold. Many times the reason thata property has not sold is that there has not been adequate traffic to view the property, therefore not enough interest has been generated inorder to sell the property. In other words, it has become “stale” on the market. The auction process is the best way to revive interest in the property and instill the excitement for it that will result in a positive sale.
A. We find that often price is not the issue in determining why a property has not sold. Many times the reason that a property has not sold is that there has not been adequate traffic to view the property, and therefore, not enough interest has been generated in order to sell the property. In other words, it has become “stale” on the market. The Auction process is the best way to revive interest in the property and instill the excitement for it that will result in a positive sale.
