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The Real Estate Auction Franchise Provider
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California-Based Company Franchises Auction-Concept
Kerri Panchuk SEPTEMBER 24, 2007
Bakersfield, California-based Pacific Auction Exchange Inc. (PAX), a real estate auction company, says it expects the popularity of its business model to grow in the current real estate market.
In a press statement, PAX said it has franchised the real estate auction format and attempts to have 150 units up and operating by August of next year. The company added that its exploding business model, which includes an online platform and national expansion plans, is a perfect fit in a real estate market where the National Auctioneers Association says auctions grew 12.6-percent in 2006 alone.
“Buyers, sellers, realtors, bankers and the public in general are increasingly realizing that auctions are the ideal way to move property efficiently. It's a win-win for everyone involved in the transaction,” said Michael Hynes, regional sales director for PAX. “Sellers especially like the idea of a one-day event where qualified buyers crowd in front of their property with cash in hand, rather than months of showings, investing in home stagers and the pressure of keeping their house pristine clean for months on end.”
The Article was taken from DSNEWS.com
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