Real estate auctions are becoming very popular. Historically they’ve been very successful for commercial property sales, but are also being used for residential even during the crazy seller-dominated market we are in now. Here’s an example of a home auction held in Longmont just last summer: https://prestigeauction.com/longmontauction.
Sellers love auctions since they often get more buyers involved, which typically equates to a higher sales figure. Even more importantly, they normally get the property sold with fewer closing issues on a specific date. This is very important for commercial property owners, especially coming out of the COVID pandemic.
Please review the flyer here for more details and contact me with your questions or interest in this option for your future real estate sales, commercial or even residential in this case.
