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| Gordon Greene |
Thursday, September 9, 2010
During Tough times, consider an auction!
Original Article published by Dan Rafter in Midwest Real Estate News on September 7, 2010.
According to Gordon Greene, a principal of the TCN Auction Group at Chartwell Group/TCN Worldwide, it's no surprise that commercial brokers are turning to auctions to help move their properties. Greene states that brokers have found that a high-profile real estate auction program can often deliver product faster to the market. Several different types of real estate auctions are being utilized including: traditional negotiated sales, corporations with surplus properties, and workouts, which are basically orchestrated short sales. Greene offers that the market will eventually stabilize, and there will be more of the traditional use of negotiated sales compared to auction sales in the future. To read more of Greene's thoughts, CLICK HERE.
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