A transparent online auction marketplace attracts competition from buyers more consistently than the retail market.
“That consistent competition helps ensure the highest and best offer for distressed dispositions, even in a sluggish retail housing market,” said Daren Blomquist, Auction.com VP of market Economics.
Watch this episode of Disposition Download to learn how a consistently competitive auction marketplace informs pricing and how REO sellers can leverage real-time bidding data and buyer feedback.