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REO AGENT, AGENTS in MARYLAND, BALTIMORE COUNTY, CITY, HARFORD and CECIL COUNTYREO Disposition, Using Robert B. McArtor, REALTOR and AUCTIONEER with LONG AND FOSTER REAL ESTATE, Inc.In the past few years, lenders and investors in Maryland have faced increases in REO Disposition and distressed properties that are headed for foreclosure in Maryland, Baltimore, Harford County, Cecil County and Surrounding Areas. How do you handle a foreclosed property? Traditional list pricing has been the more standard approach. The problem with this is that sometimes the distressed property is on the market for an indefinite period of time. Another method is to repair the property and introduce it back to the marketplace as a Rehabbed Property. The problem with this approach is that not only is this a costly move with a distressed property, but it may bring the price up for the buyer substantially. Another method of dealing with such properties is bringing it to auction. Robert B. McArtor, The Managing Member and Founder of Advantage Real Estate Auction Sales, LLC. , Has noted that real estate auctioning has been an increasingly popular and practical method for selling off REO properties. "Serving the Legal and Banking Community has always been a strong point with my company", Mr. McArtor stated in a recent interview. "Real estate auction has grown tremendously in the United States for the past several years. It's capturing more market share and being more readily accepted," said Mr. McArtor. "A foreclosed property deteriorates in value the longer it is left un-attended, it needs to be sold sooner rather than later. The advantage he pointed out with auctioning is that the average listing-to-sale time is 30 days, whereas traditional list-pricing can average from immediately (indicating that the property was under priced) to a year or longer (indicating that the property was overpriced). "With the auction method, the buyer dictates the price," said Mr. McArtor, something that is not the case with a traditional listed price. "Using Advantage Real Estate Auction Sales will be a major tool for dealing with REO Disposition....this is going to be huge......now and in the future," said Mr. McArtor. Auctioning is one of many ways the industry is trying to create more liquidity in the real estate industry. 
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Robert B. McArtor, REALTOR, AUCTIONEER, BALTIMORE, HARFORD, CECIL MARYLAND Long and Foster Real Estate, Inc. Bel Air, MD Office Phone: (410) 879-8080 Cell Phone: (443) 392-4833 More information... Contact Robert B. McArtor, REALTOR, AUCTIONEER, BALTIMORE, HARFORD, CECIL MARYLAND |
