Auctions give Sellers more control - 10/15/06 09:49 PM
There are basically three aspects to selling real estate: price, time and terms.  When a seller has chosen an auction, he/she has stated the sale date i.e. "time".  An auction also allows sellers to pre-determine the terms of the sale. Most auction sales contracts are without contingencies, as-is/where-is and not subject to financing, 30 day close and a significant non-refundable deposit that's forfeited if the buyer does not close escrow. The only guarantee from the seller is clear title.
This leaves PRICE.
Whether the property is marketed conventionally or via an auction - the buyer first states a price.   In a conventional listing, … (0 comments)

Denver Broncos - inhouse writer/blogger - 10/06/06 03:36 AM
This link came across my google news alert that's set up to find any articles on "real estate auctions".  Now I know very little about NFL and don't pay too much attention unless my husband's going nuts during a Redskins game - or it's discussion about what to take to our neighborhood SuperBowl party (aka best food in the year deal).
Anyways - Nate Jackson in on the Denver Broncos and occassionally writes a journal entry for fans to read about. His latest tale is fascinating to me - a descriptive entry of a jet setting world tour in a week (?).  … (1 comments)

Why not just reduce the list price? An Auctioneer's perspective - 10/05/06 09:07 AM
Some agents believe that instead of including a property in a real estate auction, the Seller should just reduce the list price.  This is conventional real estate agent thinking because auctions did not used to be an option for an agent.  Now that auctions are becoming known not only as an option  but a powertool, and the agent is fully compensated, there are many reasons why an auction can be better than simply reducing the price.
Consider the needs of the Seller.  If your Seller must sell their home in the next 60 days, you need to offer them the most aggressive marketing program available.  … (10 comments)

Austin: homes are a good buy but services are expensive - 10/04/06 02:53 PM
Having moved to Austin from Los Angeles, I was delighted in the buying power of my money for real estate. All looked well from a new home, great subdivision, etc.  Until we needed various services. Compared to Los Angeles, services are more expensive and getting doctor appointments is a lengthy wait. There's probably a cost of living comparison index. Overall, we've found Austin a delightful city to live and play in and a wonderful place to raise kids.  If you're considering a move to Austin - feel free to ask me any questions and I'll give you my opinion & experience. … (8 comments)

Austin townhomes sell at absolute auction - 10/04/06 02:46 PM
This past weekend, JPKing, a luxury real estate auction company, auctioned six new townhomes in SE Austin. The auction was held ballroom style at the Intercontinental Hotel downtown with many bidders and even more spectators.  The townhomes had all been on the market previously without selling.  Overall, prices were good relative to the last MLS price. All six sold to six separate buyers. 
Auctions are a great way for developers to liquidate their real assets in a timely manner while yet maintaining price integrity.
AuctionFirst is a real estate auction company with offices in Texas, North Carolina, Virginia, DC and Maryland.
… (0 comments)

Real Estate Investors - auctions are a great exit strategy - 10/03/06 03:36 PM
I just read about how a real estate investment club is pooling together marketing resources to market & hold a real estate auction for their members & non-members. An auction is a great exit strategy for investors. And by combining marketing expenses, can leverage a very large budget.  If you have an interest in putting together an auction of this type, please contact me - our company can be of service. The key is the marketing plan and fabulous execution. The other key is realistic expectations by the sellers. There's a time/value of money that's important to consider, especially made more … (0 comments)

$500k in Austin gets you a lot of house!! - 10/03/06 03:25 PM
I've been fielding calls from sellers in the $500-750k range that are interested in the auction method of selling their properties. It's prompted me to look around at what $500k can buy you in Austin.  Of course, the value perception is relative dependinig on where you're coming from. But many relocations are from California and the east coast. Culturally, it's easier for Californian's to adjust to Austin/TX lifestyle than for east coaster, but that's besides the point. 
For $500k, you can get- 4000-5000 square foot home (5 bedrooms, 3-1/2 baths, 3 living rooms, 2 dining areas)- 1 acre- pool, nice landscaped … (1 comments)

Texas Womens Conference is Oct 12th - it's a GREAT event! - 10/03/06 03:19 PM
Texas sponsors a womens conference every year. I've been to the last 3 and can say that they are incredibly useful and full of great content, education and motivation/encouraging speakers.  They are always held in Austin TX. This year's conference is being held Oct 12th.  Although there are some men, I'd guess that 95% of the attendees are women. The educational seminars are informative - they usually have several different tracks depending on your interest.  Unfortuantely this year's event is sold out - but if you really want to go, give them a call and badger them for unused/unspoken for tickets.  … (0 comments)

Home on the market for a year - now you want to sell - 10/02/06 09:09 PM
What do you do when your home's been on the market for a year - plenty of showings but not a single offer...  you think "auction" - that's what.  I've recently met with several home owners who've had trouble getting exposure and offers on their homes in Austin.  We're talking together about what the process of an auction can provide for them: they set the sale date, terms are as-is/where-is - they really like the aspect that the buyer does all the due diligence in advance of the auction.  The alternative of commiting to a contract only to then have the … (0 comments)

 
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Linda Mardi

Austin, TX

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AuctionFirst

Address: 12407 N Mopac Expwy, Suite 100-368, Austin, TX, 78758

Office Phone: (512) 255-9502

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Real Estate Auctions are an important marketing and sales tool that benefits consumers and real estate professionals. This blog focuses on VOLUNTARY real estate auctions where sellers want a time-defined sale of their real estate thru competitive bidding.


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