The auction method is the newest rapid expansion in the real estate industry. We expect a record turnout of attendees that will participate in one of Nevada 's largest Real Estate auctions ever held.
Las Vegas, NV (PRWEB) June 2, 2008
Las Vegas based Auction Exchange International® today announced one of Nevada's largest auctions open to the public, which will be held at the Sands EXPO Convention Center in Las Vegas on June 21st.
Diana Stansberry, President of Auction Exchange International, said, "The auction method is the newest rapid expansion in the real estate industry. We expect a record turnout of attendees that will participate in one of Nevada 's largest Real Estate auctions ever held."
This is an unique event that includes the 328 Parcel Stone Haven Development in Mesquite, NV, several Platinum High Rise Condos on the Las Vegas Strip, commercial property, and an assembly of land lots ready to build in Las Vegas and surrounding areas.
Statistics from the National Auctioneers Association (NAA) provide testimony to the growing acceptance and success of real estate auctions in the U.S. In 2007, the NAA reported that gross revenues from real estate sold at auction totaled $58.5 billion and that the residential, land and commercial-industrial real estate markets represent the fastest growing sectors of the national live auction industry.
Banks, developers, and builders that have been struggling with the time consuming process of listing a property are turning to the auction process, enabling them to clear their inventory off their books in 30 to 60 days. These sellers receive major exposure to an audience of qualified buyers, reduced selling time, no buyer contingencies, and reduced selling costs. It is a win-win for everyone involved.
"The auction process takes every aspect of effective real estate marketing and dramatically compresses the sales cycle, minimizes carrying costs and creates a single moment of competitive bidding that determines the property's true market value," says Jason Trindade, V.P. of Business Development for Auction Exchange International.
Qualified Buyers can purchase a property at auction and secure financing through the preferred lenders on site. Buyers are required to have a 10% down payment that includes a 5.5% buyer's premium.
Buyers and Sellers can view more information about the auction process and register online at http://www.AuctionExchangeInternational.com. For an interactive online catalog of properties in this sale, visit http://www.exite-listings.com/showcasebook/1684. Registration is currently open and there is still time for sellers to include their property in the June 21st, auction. The next scheduled auction is Saturday, July 19th.
For public relations, please contact Tanya Bible, V.P International Marketing, 1-866-625-7656 or (702) 953-5805 or (702) 363-3948
Distributed by ASMarketingCenter.com, a division of AuctionServices.com, Inc.