Real Estate Auction Options Principal Gary Gilbert discusses luxury real estate auctions for both sellers and purchasers.

Luxury Real Estate Auction Sellers Beware

By Gary Gilbert on
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Oct 13 in Real Estate Auction Companies

Luxury property sellers need to do their homework, or better yet have someone like us, do their homework for them when it comes to selecting the best luxury real estate auction company to handle their sale.  There are just a handful of real estate auction companies that do any volume of luxury real estate auctions consistently.  A couple that come to mind are notorious for conducting green apple auctions, one in which the property is advertised as an absolute or selling without reserve auction and then is cancelled the day before or the day of the auction if the results are not acceptable to the seller.  Eliminating those firms as non real, non legitimate players, that really only leaves a few other credible players. Like anything else, doing your homework, checking references and talking to professionals for guidance will greatly increase your chances of having a clean, smooth closing.

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