Auctions bucking tradition: Sales method no longer last resort in real estate
In the not-so-distant past, a real estate auction meant one of only two things. “It used to be who died or who went bankrupt,” said Bob Getts, local director of auction services for Indianapolis-based commercial real estate brokerage Colliers Turley Martin Tucker. But over the last decade or so, real estate auctions have come out of the shadows, and are no longer viewed as a last resort for owners desperate to unload a property. These days, no property is considered…