Real Estate Auction in Downtown Atlanta Sells 27 Homes in Less Than Two Hours

Longwood, FL (PressExposure) October 03, 2008 -- Builders and developers nationwide have found themselves in the same predicament as hundreds of thousands of home sellers around the country: the need to sell quickly in a strong buyer's market. Many are turning to real estate auctions as a vehicle to liquidate inventory quickly.

As reported by RISMedia, a popular, well-respected real estate news and trends company, downtown Atlanta's first ever auction occurred on June 22nd, 2008. One and two bedroom condos/lofts sold quickly, in record fashion, at this very successful event.

"Buyers were able to determine the fair market value of homes at Tribute Lofts," said Greg Wohl, partner of The InVision Group, the developer of Tribute Lofts. "This resulted in amazing deals on high-end homes."

Reportedly, the program attracted more than 921 site tours in the three and a half weeks prior to the real estate auction. Considering that many traditional real estate open houses generate next to zero results in today's over-supplied real estate climate, this statistic is of surprising proportions.

"Real estate auctions have become a viable solution to all categories of sellers," says Marc Manieri, President of Home Sales Specialists and founder of the FSBO Home Auction Success System. "We're seeing builders, developers, realtors, investors and now the average consumer leverage the 'urgency-generating' feature of auctions to successfully sell property quickly and at a fair price."

With the right marketing strategy, and leveraging the auction process to create a sense of urgency amongst buyers, real estate auctions can be very effective. Real estate auction is the traditional selling method in much of Europe and throughout all of Australia and New Zealand. Given the impressive results that downtown Atlanta recently experienced, it is very apparent that real estate auction trends are likely to steadily increase for sometime here in the U.S.

The FSBO Home Auction Success System can be found by visiting the Home Sales Specialists website at []

About Home Sales Specialists Home Sales Specialists is a residential real estate solutions company for individual home sellers that need or want to sell their home quickly and at a fair price. Residential real estate investors have been using home auctions for years as a tool to sell their properties quickly for maximum profit. Now this resource is available to residential home sellers who can leverage this effective system to sell their home quickly and at a fair price. Based in Orlando, FL, the company can be reached at [] or by phone at 407-389-5104.

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Press Contact: Marc Manieri Home Sales Specialists 239 Timberlane Trace Longwood, FL 32750 407-389-5104 []

About Home Sales Specialists

Home Sales Specialists
239 Timberlane Trace
Longwood, FL 32750

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Press Release Submitted On: October 03, 2008 at 2:16 am
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