More Homeowners Take To Selling At Auctions
For the last few years, it has been a buyer's market. Low interest rates and home prices gave buyers the undeniable advantage. Sellers on the other hand, struggled to get top dollar for their non-distressed homes, often selling at a loss or having their homes sit on the markets for months and months.
Frustrated by the slow and sometimes unfruitful process of selling their homes the traditional way, more homeowners have taken to selling their homes in a rather unconventional way: at auction.
Why sellers choose auctions
"We launched a special individual home sellers division in January 2012 because of the growing interest among sellers in the auction method," says Fontana Fitzwilson, executive vice president of Williams, Williams and McKissick, a real estate auction company in Tulsa, Okla. "The number one reason sellers like auctions is that they offer a time-definite method of sale."
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