Auction Real Estate : Land, Farms, Acreage

Real Estate Auctions and Land Auctions By Myers Jackson CAI, AARE, CES, e-PRO

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Real Estate Auctions have exploded in all markets across the United States with resounding attendance online and at live Real Estate Auctions. While attending the National Auctioneers Association Conference and Show in Kansas City, Missouri many Auctioneers have stated likewise stats with systematic results. Real Estate Auctions have been key indicators of actual market pricing. The theory behind actual market values in land auctions is that when multiple well qualified buyers attend aggressively advertised Real Estate Auctions the result is a market price sale at arms length. Land Auctions can produce a arms length transaction because of the competitive nature of the sale. More that one persons opinion actually counts in the public and open display of bidding. The top buyer can also feel good about the purchase because that person is just a small amount higher than other qualified bidders. Well advertised Real Estate Auctions can develop trends with local appraisers and more often these appraisers are using Land Auctions as comparable sales when evaluating transactions. The evidence is clear nationwide, Real Estate Auctions will continue to produce buyers and sellers in today's market and as markets change Real Estate Auctions will remain in place as a vital tool in Real Estate transactions and evaluation.