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Article: Unrealistic customers hurting auctioneers in Maryland
- Article from:
- The Daily Record (Baltimore)
- Article date:
- November 24, 2008
- Author:
CopyrightCopyright 2008 The Daily Record (Baltimore). Provided by ProQuest LLC. (Hide copyright information)
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It should be a boom time for auction firms as more and more
people turn to them to sell residential and commercial properties,
but auctioneers are finding themselves in the unenviable position of
turning away potential customers unwilling to accept today's pricing
realities.
"For every one deal we're taking, we're turning down probably
10," said Daniel M. Billig, a partner at A.J. Billig & Co.,
Auctioneers in Baltimore. "We're only taking the stuff we think we
have a market for."
According to the National Auctioneers Association, the number of
real estate auctions grew 46.6 percent between 2003 and 2007, with
more than $58.5 billion in real estate assets sold last year alone.
As a result of ...