The Carvajal Group Blog

Condo Auctions Becoming More Popular

August 28th, 2009

The use of auctions to sell condos is becoming more popular in the Austin area.  Many condo developers have not been able to sell all of their current units in a condo building.  With this in mind,  many of the developers have attempted to sell the remaining units in auctions.

Many of these auctions sell the units for lower than they would have been had the individual purchased the unit directly through the developer during the initial offer. Some of the auctions result in all units being sold, where as others have had a few units remaining at the end.

If you are looking for Austin real estate, visit the Austin homes of the Carvajal Group at 512-419-7770.

Tags: Austin Home Search · Austin homes