May 30, 2008, Newsletter Issue #140: Auctioning Your Real Estate

Tip of the Week

In order to auction your real estate effectively, you need to have a clear idea of the value of your property. The only sure way to do this is to have the property appraised, either by a bank, a private real estate appraiser, or a real estate company. If you cannot afford a professional appraisal, than make inquiries as to selling prices of similar properties in your area and use that information to set your price. The best way to auction your property is through an auction house or real estate brokerage. Both will charge for their services, but they will insure that your property is properly advertised and auctioned. If you don't want to pay for auction or real estate services, you can try selling your property online, though doing this without the aid of an auction professional can be risky.

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