Green Bay, WI (PRWEB) July 05, 2012
The real estate market has changed dramatically in the last three to four years. Likewise, real estate sellers have had to adapt to the changing market conditions by changing their approach to selling. Micoley.com has developed a successful alternative to selling real estate with their unique Auctions and Sales Events.
Selling real estate these days can be a long drawn out process, especially when it is still so difficult for many people to secure financing. Properties can sit on the market for very long periods of time. It is also costly for owners because even though they’re trying to sell, the property still must be maintained and insured, while taxes on the property continue to be incurred.
"Micoley.com has been working to perfect the online real estate purchase. The number of online sales has been growing at a rapid pace over the last five years and does not seem to have an end in sight. Online sales are becoming the normal way to purchase. It’s convenient, safe and an enjoyable way to shop, Micoley said. “And although it’s easy, it still does need the buyer to complete their due diligence. Typically any seller that chooses this method of sale has a high motivation to sell. With that comes great deals for the buyer, but also the responsibility to be sure they understand the property and any potential problems with it.”
Just this year, the FDIC put up their excess inventory of foreclosures, with Micoley Auctions, with an online only real estate auction. The government’s Federal Deposit Insurance Corporation (FDIC), which has taken over hundreds of failed banks since the collapse of the U.S. real estate market, held an online auction to sell off over 50 of it’s properties in Indiana, Illinois, Michigan and Wisconsin. Micoley had a tremendous buyer pool, over 100 registered buyers from 18 states participated.
'Many of the properties listed with Micoley are selling much faster than traditional avenues. On Maiden Lake in Wisconsin a waterfront property that had been listed for 478 days was sold with Micoley at 102% above the reserve price. Another had been previously listed for 586 days by a traditional real estate company then sold on Micoley.com at 110% above the reserve price. A property in Lac De Flambeau, WI was listed prior for 253 days, had multiple offers and sold in 125 days. Their success rates are soaring and homes, vacation homes, and properties are selling.'
"Auction sellers are motivated to sell property and are committed to a defined time frame. An auction seller is raising their hand in the sea of real estate for sale to say, "Hey, look at me, I am serious about selling this property," said Wade T. Micoley, President. “Many sellers today would like to sell if they can get their price. But in today's all time low values, you want to purchase from someone who understands the true market value and is really willing and able to sell. Short sales can take months and traditional real estate still has a huge amount of over-priced properties on the market."
Micoley.com, located in Green Bay, WI, is a real estate marketing company specializing in bank-owned properties throughout the United States. Their unique approach to real estate sales is executed through customized marketing programs and project focused auction plans, customized for each of their unique clients. Be sure to visit their website for future Auctions and Sales Event information as inventory changes daily.