Micoley.com Bringing Troubled Housing Market in Kankakee, IL Back from the Real Estate Crash

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Innovative Marketing Strategy Breathing New Life into the Area as Distressed Properties Disappear

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Major news outlets Yahoo! and Business Insider have recently called out the city of Kankakee, Illinois for having one of the worst housing markets in America -- specifically, Business Insider named Kankakee the 21st cheapest housing market in the U.S. and Yahoo! ranked Kankakee number one on its list of American cities least likely to make it back from the late-2000s Real Estate collapse.

Micoley.com -- with its innovative hybrid auction/sales model -- is proud to announce it has sold over 30 properties in Kankakee, IL in the fourth quarter of 2014 alone, totalling 13% of all Kankakee’s 2014 closed Real Estate transactions under $100,000. Offering Real Estate via auctions and sales events has resulted in a significant emptying of the area’s foreclosure inventory; once the distressed properties are sold through, prices will start to climb again (since the cheaper distressed properties -- the owners of which cannot wait for a higher offer -- will not be around to compete with the non-distressed properties).

Emptying the foreclosure inventory is critical to the stabilization of a housing market that is struggling to keep prices up -- and Kankakee is just the latest market that has benefited significantly from Micoley.com’s hybrid marketing model that lists and auctions off properties and self-generates leads at the same time. Working in alliance with local Real Estate brokers, the firm is bringing life back to these weak markets through a collaboration of local knowledge and international exposure.

Auctions provide a great qualifying process for realtors, as well: once users participate in the auctions, their information can then be funneled appropriately -- agents can then follow up with unsuccessful bidders with additional offers based on the properties they have already bid on.

“We have proven many times that any city or town can greatly benefit from this approach to selling properties,” states Wade T. Micoley, president & CEO of Micoley.com. “One of the reasons why we believe in our business model so strongly, is due to its ability to produce immediate results in areas of the country some have simply written off.”

Micoley.com will be featuring over 250 properties across the nation during their Quarter 1, 2015 auction on February 28. Interested parties should visit micoley.com to find more photos and details about properties near them, or visit in person and perform an inspection on site, which is highly recommended. (866) 371-3619 is Micoley.com’s information line. Additionally, Micoley.com features a live chat service through which questions can be answered.

About Micoley.com:
Green Bay, Wisconsin-based Micoley.com is a Real Estate marketing firm specializing in project focused auctions of bank and privately owned properties throughout the United States. The Micoley.com approach to Real Estate marketing tailors each auction plan to the client’s individual needs. The site is constantly being updated for the benefit of buyers, as large-scale auction events are held monthly, and new properties are added daily.

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Wade Micoley
@MicoleyAuctions
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