Understanding real estate auction terminology

This is the second segment of a multi-video overview of the real estate auction process. Julie First of Chicago-based Sheldon Good and Company, the sponsor of these videos, explains the different types of auctions and outlines some of the terms a buyer commonly encounters. Our first segment looked at the advantages of an auction for sellers and buyers. Later segments explain how to prepare for an auction, and what to expect on the day of auction….

Tagged as: auction, Condos, homes, NewHomeNotebook, real-estate, Sheldon Good, YoChicago