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How to Buy Land at Auction: Benefits and Terms for Buyers

Sold …to the highest bidder! If you’re in the market for purchasing real estate, you may want to consider the benefits of an auction. Real estate auctions are an accelerated process for buying properties through public sale, with many potential benefits to the buyer. Here are some of the points to consider if you want to buy land at auction: Commitment to Sale Real estate auctions take the stop, start, false-start out of the land buying process because sellers are committed to the sale. Purchasing property is an important investment, and buyers often invest a lot of time and resources…

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The Benefits of Selling Land at an Auction

Going…going…gone. If you’re selling real estate, these words might be music to your ears. Real estate auctions are an accelerated process for selling properties through public sale, with many potential benefits to the seller. While auctions are often used to sell distressed properties, they can also be a fruitful way to sell non-distressed lot and land properties. Here are some of the points to consider about selling land at an auction: Timeframe Real estate auctions solidify the timeframe for the sales process. You set the date for the auction and terms for closing (often 30 days), and the timeline for…

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