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| Author: | Ross, I. |
| Title: | The quickest way to sell real estate. |
| Journal: | Fortune
1987 : OCT 12, VOL: 116:8, p. 47-50, 52 |
| Index terms: | SELLING PROPERTY BUYING USA |
| Language: | eng |
| Abstract: | A review of the popularity of auction sales to move big inventories of condominiums and houses in the U.S., dominated by about seven major firms. How the drop in the price of oil led to defaults on mortgages and foreclosure, and the need to turn to auctioneers. The attraction of auctions for developers to reduce their`carrying charges. The use of mailed brochures to likely buyers and local advertisements in newspapers. Fees of auctioneers and how an auction can depress prices. |
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