The Benefits of Commercial Real Estate Auctions

This article not only gives some good news regarding commercial real estate markets, but it highlights how commercial real estate auctions are a great way to obtain commercial properties.
“It’s funny, but many people don’t even realize you can purchase commercial properties at the foreclosure auctions,” Roddy said in a statement. “But, I see some great deals at the auction. At the last auction, one buyer paid just 52 cents on the dollar for a small apartment complex in Dallas. The 11,000-square-foot complex was built in 1986 and has an assessed value of around $670,000, but the buyer only paid $345,000.”



