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Real Estate Today

October 30, 2011 - Hour: 1

Originally aired: Sunday, October 30, 2011

Not all real estate auctions are foreclosure events, featuring desperate sellers and bankrupt developers and attorneys on the courthouse steps. Companies, churches, universities and private individuals often have parcels they need to liquidate for reasons as varied as the sellers themselves. Join host Tom Kelly and Tim Reinertsen, senior vice president of Realty Marketing Northwest, as they discuss a different type of auction on Real Estate Today. Learn some tips and commonly used terms of the auction process including hidden reserve, buyer's premium, and published reserve.

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