Auctions - Going, Going, Gone?

OPINION by David Morrell Real Estate Buyers' Advocate Director Morrell & Koren Right now the real estate auction system is on the ropes because the market has tanked; but its problems run deeper than that. The elephant in the room is whether the auction system itself is working in vendors� best interests. The agents make the argument that auctions work because they bring buyers and sellers together at a known time and place and that they have the clearance rates to prove it. This while people,...(read more)

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[Source: Australian Real Estate Blog]