Westport homeowners turn to auction to sell home

A Westport couple is testing a unique way to sell their home by putting it on the auction block.The auction is handled by a southwestern

WESTPORT - A Westport couple is testing a unique way to sell their home by putting it on the auction block.

The auction is handled by a southwestern Connecticut real estate company called uBid2Buy, and the couple says it's a great help. Company representatives say the auction is not meant to be a replacement for the traditional way of selling a home, but in the market?s current depressed state, it might be the most viable alternative.

David Gensler and Jane Segall, of Westport, have chosen to gather several buyers together to sell their Possum Run home to the highest bidder, instead of meeting with potential buyers one at a time.

"What it does is, it lets the market actually set the price of what a home should sell for, rather than two brokers and a seller and buyer battling over what the right price is," Gensler says.

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