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Auction or Sale?
Rago’s experience is that most property sells better at auction. That’s not to say that an outright sale isn’t recommended by Rago’s under certain circumstances. A private sale can be more profitable when property has niche appeal to a select few buyers; that is, when there is limited competition among buyers and they are best reached directly. In this case, Rago’s can identify serious potential buyers through its personal relationships with, and knowledge of, key individual and institutional buyers. Private sale may also be preferred by sellers who need a quick and complete transaction. Rago’s has the means to buy individual items and complete estates.
If you have a question about auction versus sale, email us or give us a call.