Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Prudential Fox & Roach, Realtors, a large real estate firm serving the Greater Philadelphia market, today announced a strategic alliance with Sheldon Good & Co. Auctions Northeast LLC, one of the largest real estate auction companies in the nation. "Real estate auctions, now a $51.2 billion industry in the U.S., allow sellers to increase properties' visibility to a national audience and to close sales quickly, often in 75 days or less, and without contingencies," said Ed Ritti, vice president of Prudential Fox & Roach, in a statement. The company also announced, "As the real estate market softens, this alliance is particularly well timed." Auctions can assure a timeline for a sale when the market slows, and real estate agents can earn a commission for participating in an aucti...