Real Estate Sales and the Spirit of Competition

By Jessica Britton

Competition always exists in real estate sales; large commercial auction houses have always acknowledged and leverage that—to the sellers’ or buyers’ advantage—or both.

Property is constantly being bought and sold, no matter what the economic climate is. Four auction companies in our region are standing out with their big deals, innovative changes, and experienced employees.

Instead of putting a steady price on a property, the auction industry allows properties to be sold at auction and adds a level of competition. After going on the market, buyers compete against each other to see who is willing to pay the most for land, commercial and industrial properties, homes, and estates. Times are changing and online auctions are becoming more and more prevalent. They are here to stay. They do not have the excitement and energy like in person auctions, but the competition of an auction will never change.