There are multiple types of housing options with different rules; bidders are advised to know what they are getting into
BERKELEY - THE KENNEDY WILSON auction of San Pablo townhomes at the Doubletree Hotel & Executive Meeting Center Berkeley Marina started last weekend with a "practice auction" to get people familiar with the experience, the auctioneer said.
Everyone was encouraged to bid on the "practice" property. Or perhaps it was a way to get adrenaline and momentum up.
It may have worked. The first townhouse sold for $395,000, the highest price of the day, with two bidders jacking up the price an easy $50,000. The last lot sold with the weakest momentum for $293,000, the lowest amount of the day in front of the least number of bidders.
As auctions become a more frequent choice for builders to move slow inventory, consumers are being drawn to these events in hopes offinding a good deal even if one may not be there.
Read more . . . www.insidebayarea.com/busines..._7276468
BERKELEY - THE KENNEDY WILSON auction of San Pablo townhomes at the Doubletree Hotel & Executive Meeting Center Berkeley Marina started last weekend with a "practice auction" to get people familiar with the experience, the auctioneer said.
Everyone was encouraged to bid on the "practice" property. Or perhaps it was a way to get adrenaline and momentum up.
It may have worked. The first townhouse sold for $395,000, the highest price of the day, with two bidders jacking up the price an easy $50,000. The last lot sold with the weakest momentum for $293,000, the lowest amount of the day in front of the least number of bidders.
As auctions become a more frequent choice for builders to move slow inventory, consumers are being drawn to these events in hopes offinding a good deal even if one may not be there.
Read more . . . www.insidebayarea.com/busines..._7276468
