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The sale at public auction of real estate in the United States has a rich history and has been successfully used for three centuries. Such properties as Thomas Jefferson's home Monticello, the Pan Am Building in New York, 1/3 of an acre parking lot two blocks from the White House, the University of Louisville Gardencourt Campus, and large and small landholdings as well as single family homes and commercial or industrial properties have been sold effectively at auction. With the recognition of the importance of the ongoing interest costs and/or the loss of return on capital locked up in idle assets, the marketplace has placed increased importance on the time value of money. Consequently, the volume of auction sales has been increasing as a percentage of total real estate sales in the 1980's in the United States and around the world. The negative perception of auctions (dating back to the days of the American Depression) that auctions were synonymous with disaster has been eliminated. Today an auction is a community event where bidders and spectators can observe the open competition and act in their interest in the marketplace. Sellers have the opportunity to obtain not only a willing buyer, but also the best of all willing buyers. The auction will produce an offer, within 30 to 45 days from signing the auction listing contract that will in many cases exceed the seller's expectations.
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Keener Real Estate & Auction Company
Auction Firm License #1903 Site maintained by
Keener Real Estate and Auction Company. |
Sevierville, TN 37876 
