What types of property can be sold at auction?
It is not just distressed property, but auctioneers do handle a significant amount of foreclosures on homes and businesses. However, more and more sellers are making the choice to sell their homes and personal property by the auction method. Sometimes sellers do this for properties that are hard to value, like waterfront homes, ranches and homes with historical significance. I always tell my fellow realtors that when a listing runs out, tell your client its time to consider an auction.
