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Old 10-02-2008, 05:57 PM
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Join Date: Oct 2008
Posts: 2
Default Reverse Auctions
Does anyone know anything about reverse auctions?? I've recently been contacted by a company called The Tekram Group who say that they can sell my property for my reserve price by putting it up on their reverse auction site. I'm really interested as I read an acticle by Catherine Harvey - How To Help Reverse The Rescession (available through Google). I would be really grateful to hear from anyone who has any info or has actually sold their property this way.


Thanks in advance!
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Old 10-02-2008, 08:49 PM
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Join Date: May 2008
Posts: 127
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If they're running the site, and promoting their services to you, then I'd suggest - don't ask us how many of us have sold in this way, ask them to provide you with their sales record so far, and convince you of the merits of their service. If they can't show you a proven track record of success, then don't use them.

If I was hiring an Estate Agent, I'd want to know what he or she had sold, over what time period, etc, etc. This doesn't seem any different - ask them to prove themselves to you.
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Old 10-08-2008, 01:13 PM
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The principle has a good track record in the US I was just wondering if it looked like it was going to take off in Europe. As for the Estate Agents, my house is listed with one of the best in my area and they have sold very little in the last 12 months.

Thanks for your reply.
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Old 10-08-2008, 10:32 PM
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Join Date: May 2008
Posts: 127
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Why did you pick them?

How long has your house been for sale with them...? Where and how are they advertising it?
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