I had the opportunity to speak with an entreprenur in the Spokane-Coeur d’Alene area regarding a unique business he runs nationally. He runs Real Estate Auctions for homes that need to have a guaranteed sell – fast.
Their most current auction is in Idaho, over on Colfax street (Dalton Gardens) and opening bid starts at $50,000. The bidding is expected to end at a competitive price point upwards of 300-400k The home has previously been listed for much more.
Real Estate Auctions are a unique idea and buyers and sellers can (and should be) represented by a competant Agent to help determine bids (based on comps) and to facilitate the process.
For more information on Auctions in the Spokane & Coeur d’Alene area – please contact me!