Developers aren't the only ones using auctions for a speedy sale nowadays. Some individual owners are trying this non-traditional way to sell their homes. I came across one such auction yesterday (Canal Station #304) sent by a fellow colleague. According to her, the home isn't distressed or being foreclosed upon. The seller simply wants to do a fast sale (knowing it would likely be at a loss). The auction is for an one bedroom condo (873 sq.ft) in Canal Station. The minimum bid starts at $279,000.
About the Author: Marco Kronen
Marco Kronen is the author of Seattle Condo Review and is real estate agent in Seattle who specializes in condos. He has been serving clients in Seattle since 2004.