Overland Park, Kansas - One day in North Carolina, a for-sale sign was placed on the front lawn of a 2-bedroom house on more than three acres.

The house, learned the executrix who wanted to sell the property, had an appraised worth of $138,000. Someone, she knew, would want to buy the 70-year-old home.

One day went by, then another, followed by another. Then the days turned into months. No offers were made on the house, the executrix became frustrated and it became obvious it was time to try something else.

Enter a local auctioneer hired to sell the property at absolute auction. On a morning in July, bidding started at $100,000 and advanced rapidly with four active bidders. When it was all said and done, the final purchase price reached at the auction was more than $261,000.

Take a piece of real estate that hasn't sold for months, maybe even years on end. Add a professional auctioneer, the ultimate marketing expert.

What's the result?

A success story just waiting to happen.

It's true across the country - auctions are an effective and increasingly popular method of selling real estate. Buyers and sellers alike are singing the praises of the auction method and the benefits auctions offer.

Pamela Rose says that sellers like the time savings that a real estate auction offers. Buyers like the competition and the idea that they are establishing the price.

"In today’s market, everyone’s time is so valuable," said Rose, president of a Toledo, Ohio, auction company. "An auction provides a quick turn around."

Rose has her own success stories to share. Every property her company sold during a month in the late fall was auctioned for 10 to 30 percent above the sellers’ expectations. One seller was told his property most likely would sell quickly and would bring $165,000. The seller opted to auction the property, and it ended up bringing $199,000. Two lakefront properties in her community had been listed for more than 18 months. Both sold one weekend at absolute auction. "Both sellers were thrilled to move on with their lives," Rose said.

There truthfully is a nearly never-ending supply of real estate auction success stories that should thrill potential sellers. All types of real estate in all types of price ranges are being sold successfully in all parts of the country.

In Texas, three auctioneers joined forces to sell an industrial real estate property located in east Houston. The property had been listed and marketed for almost two years before the bank holding the note decided to take it to auction. Fair-market value was appraised at $800,000. The auctioneers sold the property for $75,000 more than the appraisal.

A Florida auctioneer sold a 6.6-acre parcel of land with a house for $330,000 at auction. The appraisal for the property was $250,000.

An historic property in the Cincinnati area sold at auction for $1.95 million in November. The auction took ten minutes.

An estate in the San Francisco area was sold at auction for $3.4 million in October. This auction took about 20 minutes.

"The auction is a mutually beneficial event for the seller and the buyer," said auctioneer John Dixon, CAI, of Atlanta. With an auction, according to Dixon, sellers can look forward to quick disposal, reducing long-term carrying costs, including taxes, maintenance, interest and lost opportunities. What’s more, they have the assurance that the property will be sold at true market value and that they can set the terms and pick a predetermined sale date.

Buyers at real estate auctions can look forward to establishing the price for a piece of property. "Buyers like the competition and the idea that they are establishing that price," said Rose. "They like the thrill of buying at auction." Buyers also know cumbersome back-and-forth negotiating on a sale price is eliminated with the auction method.

Real estate auctions aren’t only extremely successful for properties that have been on the market but haven't sold. Many owners of real estate are choosing the auction method as the way to sell their property from the very beginning.

"Auctions have become the method of ‘first resort’ for many property owners," said Roebuck.

Real estate auctions are becoming so popular that many real estate brokerages in the country are forming auction divisions. In addition, in many communities, traditional real estate brokers and auctioneers are forming partnerships and are working together to sell real estate.

All indications are that the number of real estate auctions will continue to grow and that buyers and sellers alike will continue to be fascinated by the unique benefits and experiences that auctions provide. Property owners thinking about having an auction or wanting to learn more about real estate auctions..." can contact Bailey's through this website.

"Rose, for one, has no doubts that real estate auctions will continue to gain in popularity.

"As the market becomes aware of auctions, there will be a tremendous amount of individuals who want to auction real estate," Rose said."

This Ends the quote from the NAA Website.

Within our firm, we have held in excess of 15 real estate auctions, with an enormous level of success.

We have sold brand new model homes, condominiums, urban properties, farms, and commercial properties. All of the properties that sucessfully sold at auction, realized more than current market value! Remember, with auctions, the price goes up with offers, not down, to satisfy the buyer.

The greatest benefit to selling your property at auction with us, is that we offer a NO SELLER'S COMMISSION option, and that with auction, YOU set the terms and conditions of sale. That means that you will never have a conditional offer! All of our real estate auctions are in association with the nation's largest auction realtors, allowing your property to be listed with MLS.

Contact us today, as your first step to freedom!