Real Estate Boom Extending into Far Reaches of Rural Virginia Thanks to Carwile Auctions
Country Auction House Bringing In Top Dollar for Virginian Home and Property Sellers.
Farmville, VA (PRWEB) December 9, 2005 -- Farm and equipment auction specialists Carwile Auctions, Inc. has recently been experiencing unparalleled growth and selling success in the real estate auction arena. Still basking in the glory of an $870,000 property sale in Dillwyn, Virginia, just last week, the company already has three more prime real estate auctions lined up for the month of December, with several 2006 slots already booked. Greater Virginia real estate investors and buyers can view Carwile Auctions’ upcoming real estate auctions online by clicking on the “Upcoming Auctions” link of the company’s website at www.carwileauctions.com.
According to the National Auctioneer Association, in 2004, $13.1 billion of residential real estate sold at auction nationwide. That figure represents a 14.1 percent increase over the previous year. But while the Washington, D.C., metropolitan region has greatly benefited from this real estate boom, rural regions of Virginia have gone virtually unnoticed. By venturing into the real estate auction arena, Carwile Auctions is striving to balance out that disparity.
Dubbing rural Virginia “The New Frontier,” the company is bringing in top dollar for prime Virginian properties that would otherwise stew in the marketplace for months to years on end or be sold below fair market value. In addition to the 13.15-acre Dillwyn parcel that recently sold for $870,000, in October, the Jo-Larr Ranch in Hampden Sydney, Virginia, brought in close to a half million dollars. Prior to being put up for auction by Carwile Auctions, this 66-acre horse/cattle ranch failed to sell for a full year and a half through traditional realtor means.
Aside from the higher selling prices and faster turnarounds, real estate auctions pose additional advantages to the seller and buyer alike. By setting both the auction date and the property price, the seller is never caught off guard with a lower-than-expected selling price or with the need to unexpectedly vacate the property come the Sold! declaration. From the buyer’s standpoint, with interested bidders setting the competitive standard, a fair market price is almost guaranteed. What’s more, property closing is swiftly completed, usually within 30 days.
For more information on Carwile Auctions, Inc., contact Sandy Henderson at (434) 392-5604. To learn what prime Virginian real estate the company will soon be auctioning off, visit them online at www.carwileauctions.com, where future sales can be viewed through the “Upcoming Auctions” link.
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