*
Property Grunt has a great post on real estate Auctions: The next big thing. This once lowly regarded method of unloading distressed, tax lien & foreclosure property might acquire some cachet because the rich are turning to it. It may be quite the rage. Grunt says Douglas Elliman is considering opening an auction division. Can perfectly fine real estate be sold just like a used tractor? Read the Grunt for his unique take on the phenomena. [See also J. Miller at Matrix: Do I Hear $10 Million]
To add to the discourse, we include some other unconventional methods of real estate trade:
Bartering:
Once Again, New Yorkers Barter for a Place to Call Home by Stepanie Rosenbloom, New York Times, June 11, 2006
1031 Exchanges:
Realty Exchangers, Inc. (website: definitions)
And one of our favorites: The Real Estate Raffle.
1847 Great California Real Estate Raffle
Santa Barbara Second Annual Million Dollar Home Raffle Sold Out
Raffles a Chancey Thing For Homeowners (a lot of states only allow nonprofits to raffle so you may need a lawyer to build a loophole)
What other methods have brokers out there used or suggested for selling real estate that is not distressed?
*Tampa mansion (largest in the county) sold at auction for cool $5.95 million.
