Sometimes there is a stigma attached to selling real estate at an auction, but Jeff Morris says it’s actually the purest form of capitalism.
“In the South, auctions sort of have a negative connotation, but around the world it’s the first choice of many countries,” Morris said. “For example, in Australia 95 percent of all of their real estate is sold at auctions. It’s the only way they know how to do it.”
“It’s just a great way to sell,” he said. “It’s the purest form of capitalism there is in terms of having the market come to you and compete for the highest offer.”
Morris noted that other important commodities, such as stocks and bonds, have always been sold in an auction-like environment, and real estate should be no different.
“It’s somewhat frustrating to me that people aren’t gravitating to the auction process more and more because of the expediency of the process,” Morris said. “There still seems...
Signature Luxury Auctions Announces Launch of Website
Posted in Blog by Signature Luxury Auctions
Knoxville,TN— March 13, 2017 —Signature Luxury Auctions announces the immediate launch of their newly redesigned website signatureluxuryauctions.com.
“This site is designed to showcase each of our exclusive estates with high quality professional films and photography, property details and easy to access documents.” said Brad Pruitt, COO at Signature Luxury Auctions.
Successful Luxury Auctions
Signature Luxury Auctions has already had success with the $6.375 million sale of Villa Collina, the largest home in the State of Tennessee, last fall. A spring lineup of available luxury assets and auction dates will be announced soon.
Commitment to Luxury Service
Founded in 2016, Signature Luxury Auctions is a luxury real estate auction marketing firm dedicated to delivering an incomparable level of service to buyers and sellers of luxury estates across the globe.