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Buyers of Houses Now Prefer Auction Sales |
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Written by Mabelle
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Thursday, 27 April 2006 |
People are now shifting from the traditional real estate procedures to a new trend that assures people of moving in and out faster and cheaper.
Auction sales of houses jumped to 24% over the previous years. Banks are no longer the only ones getting rid of foreclosed houses.
What could be the reason for the increase in sales? It all boils down to time and money. People now prefer house auctions. Interest rates get higher everyday and auction sales give people a better alternative.
With auction sale, buyers can expect a definite sale date. You may decide to sell your house now and you can get the deal closed on the same day. Plus, they get to have your money.
Buyers only need to line up, sign a contract at the start of the bidding. However, there is a single risk for sellers. Some houses are sold at low prices and are even lower than what the seller has expected.
Auction sales may have charges. However, experts say that the total charges is comparable to the amount you would pay to a realtor.
By MPS Sese |
