Chicago Real Estate Auction
This is probably one the the single best events that someone can take part in to take advantage of today's market. The question becomes, why wouldn't anyone want to participate in a real estate auction? Who can think of a better way to bring buyers and sellers together with properties from all over Chicagoland? There are many benefits for both buyers and sellers who participate in a real estate auction.
For buyers, there is alway assurance of clean title at closing with no liens or back taxes, meaning that there is a set gurantee that the property you are purchasing has good clear title. There are plenty of opportunites to inspect the property and receive full disclosures before the real esatate auction. This way there are no worries or fears that you are going to buy this great property that ends being a lemon! You also have the ability to name your price and bid at whatever level you wish. If the price becomes too high, you just simply stop bidding!
There are many benefits for sellers in the auction as well. There is competitive bidding among buyers. The room is filled with anxious people ready to purchase property for a great price. The exposure through mass marketing campaigns is also a great benefit for purchasers. Think about it... would anyone who lists their place with any agent, get this much exposure? I mean we are talking billboards, catologues, website and print advertising, etc.. This is marketing that reaches the masses not just one individual at a time. Also, these people are ready and willing buyers who are qualified and ready to purchase. Ownacondo.com offers buyers Condo Financing to assist in pre-qualifing the potential buyers prior to the auction.
Additional benefits include the ease of transaction, being that the properties have been inspected, the buyers have been pre-qualified and they are prepared to make an offer. Another benefit is that it is a quick sale with no waiting periods in between negotiation. If a listing is sold, it is sold within minutes. Normally the sale has to close within 45 days, otherswise there is a penalty to the buyer, so there is no long drawn out closings. If you are interested in buying or selling a condo in an auction, go to the real estate auction on November 8th hosted by Ownacondo.com at the Mariott hotel in Oakbrook, IL. This will be an event to remember!
