Hudson and Marshall Land Auction Spotlight: Laurens County, Georgia
In the past few years, we’ve seen property auctions become quite commonplace. While the concept may be new to some, auctions actually date back to the Roman Empire, when they would liquidate the confiscated assets of debtors or Roman soldiers would auction off the “spoils of war”. While auctions still have the ability to draw large crowds and initiate excitement, they are highly beneficial to buyers and sellers- both get to walk away a winner. Sellers have peace of mind, knowing they received fair market value and have cash in hand on a quick, efficient sale and buyers get to control the purchase price and evaluate investment property, without the hassle of complicated negotiations. It’s not difficult to comprehend why land auctions are successful.
It’s a common misconception that land auctions are a final act of desperation for landowners trying to sell their property. In the current depressed real estate market, land auctions are gaining popularity among landowners. There are a number of reasons why so many are choosing the auction route as a means to move their property.
The popularity of property auctions has greatly increased in this challenging real estate market. Sellers are seeking effective and efficient methods of property disposal and buyers are scouting out wise investments in a straight forward transaction where they control the purchase price.