Rowell Auctions, Inc. is an established and reputable auction company based from Georgia that regularly conducts online real estate auctions and onsite land auctions. We market a wide range of auction needs from the very small estate sale to the large corporate commercial projects.
Auctions have been a means of selling goods for centuries now, so it is of little surprise that online auctions have become so popular. Though online auctions are normally associated with smaller goods and collectibles, there is now a growing market for online real estate auctions and Rowell Auctions, Inc. is a company at the forefront of development.
As the internet brought us the capability to connect with people all over the world in a blink of an eye, it also opens up the possibility of having a larger audience at a real estate auction.
Our sellers achieve a market reach previously unheard of by traditional onsite auctions in order to get the best price for their item.
By aggressively marketing our auctions to the worldwide internet market allows our auctions to achieve true market price for the auctioned real estate or item. This broader market place helps sellers achieve the best possible price for their property. This is a true for properties as it is for smaller items.
Our buyers not only get the convenience and ease of bidding online but are able to participate in auctions that would normally occur hours away and have immediate access to a large selection of items to bid on with the click of a button. No longer will a potential buyer have to be in the area of the auctions which are often held at the property itself. For anyone seeking to become an investor in property, online property auctions could be a great place to start.
Absolute Auctions are simply explained as an item being sold to the highest bidder regardless of the ending bid price, and there can be no reserve price which must be met or exceeded before the item can be sold.
There are opportunities to make amazing investments at an absolute auction. Rowell Auctions takes great pride in our large number of absolute auctions we conduct each year. We've found that absolute auctions offer great opportunity to both our sellers and our buyers. With the recent increase in auction events nationwide an absolute auction carries with it an assurance that the auction item will be sold that day to the highest bidder, regardless of price. Bidders are competing for ownership of an item and not just the opportunity to place an offer. Absolute auctions can be some of the most exciting auctions to watch and participate in.
Bank owned auctions are often called different names like REO auctions, OREO auctions, or Foreclosure auctions. These terms are just different ways of saying the same thing. The seller, a bank or other financial institution, has taken ownership of the property. A bank might take ownership of a property for a number of reasons, but the most common is a borrower not being able to pay for the mortgage or loan on the property or real estate.
At Rowell Auctions, Inc. we regularly conduct online and onsite auctions of bank owned property and bank owned real estate. These bank owned auctions are listed on our website as foreclosure auctions, but the meaning is the same. Due to our close relationship with financial institutions helping them manage growing REO inventories our bidders will often have a wide variety of bank owned properties at auction. Our bank clients find that auctions, either online or onsite, is one of the best ways to quickly achieve market value in today's sluggish real estate market.