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Auctions, what's the secret?
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Posted by: Tom Wood7/13/2007 9:41 PM

We are often asked, do auctions work?  How successful are they?  The answer, very simply is "YES!" they work and they've worked for years.  However, in order to be successful, there are a few key factors to take into account.

1.  Are you willing to let the property go at a discount (at least 10%)? 

2. Are you willing to put effort and funds into planning and advertising?

3. Are you willing to create a listing with lots of pictures and lots of information?

If you can answer "YES" to all 3 questions you have a great chance for success and selling by auction is a great option for you.  Go for it!

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