Behind the Buzz
Spotlight on tear-down sales.
By Stephen Gandel, MONEY Magazine staff writer


(MONEY Magazine) - THIS MONTH: Tear-down sales

• WHAT THEY ARE Auctions held at houses marked for demolition. Even the stuff nailed down is for sale.

• THE BUZZ From Westchester County, N.Y. to Orange County, Calif., homes deemed out of date are scrapped to make way for new houses. In one Chicago burb, tear-downs have jumped ninefold in four years. Old homes can be troves of original fixtures and moldings, made before the era of mass production, that sell for up to 75% less than new stuff.

• THE TRUTH Bring a crowbar. Buyers have to remove the items they buy themselves, and typically the purchase has to be made before the tools come out. Veteran buyer Tabitha Long of Elk Grove Village, Ill. suggests passing on hardwood floors--many are glued and tough to remove without damage. And if you want a clawfoot tub, bring a crew to lift it. But bargains can be had on antique light fixtures and stained-glass windows. Vintage sinks are also easy to remove and reinstall.

• BUZZWORTHY?

[   ] Absolutely [   ] Not really [X] If you're lucky [   ] Forget it Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.