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What type of real estate is best suited for auction?
Highly desirable. Unique Property. In high demand. This is clearly misunderstood by the public. If you own a highly desirable pierce of property such as a 5 million dollar cabin in the Colorado mountains, the auction method of marketing will more than likely bring you the best price an establish value on that date. Establishing a fixed price for these type properties could mean leaving money on the table. This is because no one can tell you the true value and competitive bidding is the only clear way to establish what the property is worth.
There are hundreds of examples: One of a kind diamonds, Unique and Highly desirable Real Estate such as exclusive areas in Florida, Colorado and other areas and many more.
