Check out the video: we HATE auctions! Here are 5 reasons why auctions are BAD:
1. Auction are for distressed properties
2. Buyers don’t like auctions
3. The bidding process is discouraging for serious buyers
4. Auctions sell at lower price
5. You have to chant and it looks AWFUL!
Many real estate agents attribute auctions with foreclosures or depressed properties. Truth is, many real estate transactions today are done through auctions. And the large majority of those properties bring full value.
Today, online auctions are quickly replacing live auctions. And because online auctions through the homebids websites offer open competitive bidding, it is one of the most sought-after online auction platform in the industry.
The advantages of introducing online auctions through the homebids websites are substantial.