Builders and real-estate agents are turning to auctions to get rid of excess homes on the market, with mixed success. The Orlando Sentinel reports on an auction held at the DeBary Golf & Country Club that was called off because the builder, Lakeside Homes of DeBary, was losing too much money.
"The bidding was sluggish. One unit originally priced at $355,000 sold for $165,000. And so with just a few town homes gone, auctioneer Eddie Haynes called off the sale," the Sentinel reports.
Read more . . . www.realestatejournal.com/buyse...m.html
"The bidding was sluggish. One unit originally priced at $355,000 sold for $165,000. And so with just a few town homes gone, auctioneer Eddie Haynes called off the sale," the Sentinel reports.
Read more . . . www.realestatejournal.com/buyse...m.html
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Re: How to Sell in a Down Market
Wed, October 3, 2007 - 11:33 AMinteresting.......article.....mixed message depending in LOCATION!.....