The word “auction” comes from the Latin word augeō when translated means “I increase”. Most people would probably be surprised to know that auctions can be traced back as far as 500 B.C. and were commonly used by the Roman Empire to rid the spoils from their most recent conquest. Auctions were even used during the Civil War to dispose of seized goods.
But the auctions we were taken to as children by our grandparents, those are the auctions we remember. We remember the estate auction we were forced to attend where they sold every piece of furniture and tupperware of the widow down the street. We remember the equipment auctions, or the “trader” auctions, where people brought their tractors and lawnmowers to be sold to their neighbors that started in the early morning and lasted all day. Or even the Friday night auction that also doubled for the weekend social event. In some parts of our nation, auctions have long been a proud tradition for selling anything of value, including real estate. But in other areas, auctions were frowned upon as a “last resort” of a desperate seller.
And my, how times have changed. Technology has brought a whole new dimension to the world of auctions. With the formation of EBay, auctions are suddenly exciting and cool. What a fabulous way to sell your item and make sure you get the best price for it by making people compete for it. And doing it all with the click of a mouse.
Hagen Realty Group takes that very concept, the virtual world of online bidding combined with an experienced marketing team and translates that into selling real estate for the maximum dollar possible, typically in 90 days or less, with the end result being happy sellers and buyers. And there you have it, the evolution of auctions that even our grandparents would use…….and probably do!