Land Auction A Bust
Barry Baker - President & Owner CCIM, CAI, AARE Ohio Real Estate Auctions Engaged Barry Baker - Ohio Real Estate Auctions, for the auction of a parcel of land in Ohio. He seemed proficient with the mechanics of an auction (advertising, signage, property description, etc.), but provided little information on the state of the markets, level of likely interest, prospective buyers, and other such matters, though a good number of inquiries were made. Given that he has agents over most of Ohio and was in the auctioneering business, it was hoped for and expected there would be more feedback about the likelihood of a good auction; however, there was almost no info provided to these questions. Perhaps this should have been the clue that the markets were weak at the time planned for the auction. Bottom line, the auction was a real disappointment with virtually no activity, leaving the client with only a substantial loss for the costs of the auction.
Reason of review
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