Property Auctions >> Property Auction Blogs >> Property Auctions: What is a multi-property auction?
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Wednesday, October 29, 2008
For a past few years many auction companies are conducting multi-property events that contain tens or hundreds of properties. First only residential auction enjoyed the multi-property auction but now commercial auction events are getting bigger. Multi property auction means a group of properties offered through a common promotional campaign. The properties to be auctioned may be owned by one seller or multiple sellers. Many sellers are finding ways to sell their property, due to foreclosure problems or due to their property being stagnant in the market. Multi property auction is also called as multi-seller auction. In multi seller auction properties are owned by many sellers, offered through a common promotional campaign are auctioned in a single event. Mostly this type of auction takes place in UK.
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