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If you are looking to sell your home quickly and without many of the headaches of todays marketplace, choosing an auction may be the best bet for you. The combination of the EBay culture and the thrill of bidding has made the idea of buying and selling at auction much more palatable for the real estate process. Combine that with a marketplace that is languishing in many parts of the country the ability to move ones property makes the idea of using an auction the choice for many homeowners.

Fueling the auction trend, too, is the higher comfort level many people feel using the Internet, which allows them to take virtual tours of homes they’re interested in and to practice their bidding skills on eBay.
”EBay is the greatest thing that ever happened to our industry,” said Steven Good, chairman of Chicago-based Sheldon Good & Co., the nation’s largest auctioneer of real property. It has legitimized auctioning as an acceptable form of commerce to the masses, he said.
More accepted as a way to sell real estate on the East Coast, the trend has taken longer to capture an audience in the West, where buyers have considered home auctions as the last-chance route to a home sale.
”So many people here think auctions are only for distressed or really bad houses,” said Marti Barajas, an executive for Pacific Auction Exchange, a real-estate auction franchise company. Most homes sold at auction, she said, get there because sellers choose to sell them that way.
How popular has the home-buying niche of auctions become? Gross sales of residential properties rose nationally to $14.2 billion in 2005, up 24 percent from $11.5 billion in 2003, according to estimates reported by the National Auctioneers Association, an auctioneering trade group. via the Monterey County Herald

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