{"id":125,"date":"2015-07-31T13:58:59","date_gmt":"2015-07-31T13:58:59","guid":{"rendered":"http:\/\/www.brooksauctionservices.com\/blog\/?p=125"},"modified":"2016-01-28T14:06:33","modified_gmt":"2016-01-28T14:06:33","slug":"dispelling-the-myths-of-real-estate-auctions","status":"publish","type":"post","link":"https:\/\/www.brooksauctionservices.com\/blog\/dispelling-the-myths-of-real-estate-auctions\/","title":{"rendered":"Dispelling the myths of real estate auctions."},"content":{"rendered":"

I am often asked is it true that auctions can do this or will auctions do that for me? It seems only natural that I take a few moments or postings to begin to speak and disspell some of the myths of the auction world.
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I am often asked is it true that auctions can do this or will auctions do that for me? It seems only natural that I take a few moments or postings to begin to speak and dispel some of the myths of the auction world.<\/p>\n

Over the next few weeks, I will address the following thoughts, questions of myths…<\/p>\n

Is it true that auctions can have a reputation of transacting sight unseen?<\/strong><\/span><\/p>\n

Yes, I have seen several transactions that have been conducted sight unseen.\u00a0 In equipment and content auctions that is a very common practice where the buyers will only view the property in the photos and descriptions that are placed online.<\/span><\/p>\n

In real estate transactions I have had several buyers that will purchase real property based only on the photos and description that we place online.\u00a0 These buyers generally have had previous experience with the auctioneer or know the auctioneers reputation.\u00a0 Some of these buyers are “EDUCATED” meaning that they are investors and buy many different classes of property.\u00a0 However, I have had retail buyers (end user) that will purchase sight unseen as well.\u00a0 It all comes down to the auctioneer that is conducting the sale.\u00a0 This being said, I always recommend that any buyer do their due diligence before purchasing any item.<\/p>\n

Here are the next few questions I will speak to:<\/p>\n