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AUCTION TODAY!  You've seen the signs, and read the ads, but what exactly is it?  Auction is a method of selling property in a public forum through open and competitive bidding.  Did you know that more than half of the total U.S. population has attended a live auction?

• 83% think auctions are an exciting way to get good deals
• 51% think they offer a great value on items
• 53% like the excitement of getting a good price

For the fourth consecutive year, auction industry sales have grown significantly from $195.3 billion in 2002 to $257.2 billion in 2006.  The fastest growing auction specialties are all related to real estate.  From 2003 to 2006 residential real estate grew 39.2%, and land and agricultural real estate grew 33.0%.  The growth of commercial and industrial real estate rose 27.4% during this period.

So how can auctions benefit you?  Why are they the best way to buy and sell property?

Advantages of buying at auction:

• Speed of the process
• You can set your own price and establish value
• Certainty of knowing what you're getting
• Opportunity for good value
• Honesty of the transaction
• Fun and excitement

Advantages of selling at auction:

• Speedy process, quick turnaround
• You set the time and place of your sale
• You know exactly when your property or goods will be sold
• Comprehensive marketing of your property
• Buyers come prepared to buy
• No negotiation
• Competitive bidding
• Exciting atmosphere
• Auctions work well in both good and bad economic times

DD Scott Auction Realty, offers sellers, buyers, and the professional community, complete auction real estate services.  We take you "From Listing to Closing in One Fast Easy Auction Step"!

If you have never been to an auction, join in and become part of history.  Here are a few tips:  Show up early, make sure you register, and be prepared to bid.  See you soon!

We thank the NAA and FAA for use of courtesy excerpts in "Why Auction".

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