TRAC is preparing now for a Spring 2010 ballroom real estate auction in the Baltimore-DC corridor.

The ballroom auction format offers sellers who have one or just a few properties the opportunity to combine theirs with properties from other sellers. This creates more inventory to choose from, increasing buyer participation. Ballroom auctions also allow for joint marketing. So while a typical auction seller would pay for a full advertising budget (often a few thousand dollars), ballroom sellers pay only a modest fee.  When combined, these fees are used to create an extensive marketing campaign.

Online bidding will be available but this will surely be an event to attend in person if you can make it. Stay tuned for more details.