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Auctions are Hot in Markets
January 23, 2015

Real Estate Auctions are Hot in Markets around the Country

With the plunge in the economy and housing market came a revival of the popular real estate auctions. Many people choose this route whether they own commercial or residential real estate. Others may be confused by the whole thing and think in terms of worn down properties that can't sell any other way, which is a popular myth. So, what makes these auctions so popular?

Personal Finances
Many people have suffered with the plunge of the economy. They may have sound business plans or sound personal financial plans, but they don't always have the capital to back them up because of the changes in the economic climate. That's where investors come in. For example, an investor might attend a Columbia, South Carolina real estate auction with the intention of buying a property and then renting the property out. The investor gets to make a sound investment that involves immediate equity, but may never have to actually do anything with the property other than rent it out.  

Why an Auction?

If you're looking to invest in real estate, an auction may be the best way to go. You deal with the auctioneer rather than the owner, but the owner is often present if you want to speak with him or her. You get to set your own limits and you may have more than one property to choose from. There are no hidden fees. You know exactly what you're going to pay before you buy the property and you get to set your own limits without having to wait for days or even weeks to see if the seller will accept your offer.

Auctions make buying real estate easier than ever for savvy investors. If you would like to learn more about real estate auctions or learn about current or future auctions in North Carolina or South Carolina, contact Carolina Auction Team today.


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