Real Estate Auction Updates - October 2007 - AuctionFirst - 09/29/07 10:01 PM
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  Real Estate Auctions
 
Real Estate Auction Update – October 2007
 
Upcoming Auctions The following auctions are scheduled for October/November.  Complete details are available in the auction bid package.
Download the pdf auction bid package from this link: http://www.auctionfirst.com/property.asp
 
 
Real Estate Auctions in the News
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Buyer Hunters - I need my own HGTV show!! - 09/28/07 04:44 AM
I consider myself to be a Super Buyer Hunter. I probably need my own costume complete with mask and tights - I'm that super! ok - just kidding.
But - as a real estate auctioneer, we have a time crunch of usually 4 to 6 weeks to find any/every buyer/interested prospect of a particular property before the actual auction event. On average, we put 200 to 300 hours in each project. That time is spent hunting for buyers; turning over every last idea of where the buyer pools are and reaching them. Guerilla marketing helps - which includes the obvious print, direct … (1 comments)

Real Estate Auctions on the Early Show 9-27-07 - 09/28/07 04:30 AM
Did any of you catch the Early Show yesterday? Their financial guru Ray Martin talked about how more sellers are choosing auctions as way to sell their real estate.  I agree.  Even we can see some effect of this on ActiveRain - as there are now 91+ auctioneer members - which I'll toot my own horn that I was the first on ActiveRain and solicited Matt to add it as a category. I think we even beat out attorneys at this point.
In any event - auctions no longer = fire sale!  Auctions do equal motivated seller.  If you're a seller, get … (0 comments)

Church For Auction - Jacksonville NC - 09/26/07 07:53 AM
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Have you gone to CHURCH lately? - 09/23/07 09:38 PM
OK - I'm not trying to judge nor am I really looking to find out your religious affiliations.  However, have you noticed in the past 5-10 years how churches are being redefined.  I'm talking about the real estate aspect of course.  Churches have unique property needs, financial situations, and usually make decisions on a committee or congregational basis. There is constant transition within the church real estate industry - downsizing, upsizing.
When working with a church to sell their edifice and additional real estate holdings - there is a need to manage the timing of the sale of all the pieces at one … (3 comments)

Whaaaat??? Sellers Pay for Marketing - Part 3 - 09/23/07 09:17 PM
As a real estate auctioneer, it's not uncommon that many of the calls I get are from sellers whose properties have been on the market for some time - and the property has not yet sold.  The initial line of questions and answers is often similar.
How long as it been on the market?Why hasn't it sold in your opinion?What do you need to net from the sale?What interests you about auction marketing?
Usually the bottom line is that the seller listed the property too high, missed the market at that time, and then over time the property became stale and the seller earned a … (0 comments)

Sellers Pay for Marketing Expenses.... Part 2 - 09/19/07 02:33 AM
This is Part 2 of the blog I wrote yesterday - "Whaaat? Sellers pay for the marketing expenses?"
The seller may ask: "Why should I pay for the marketing expenses?  My agent has to take care of that. Afterall, that's why I'm paying the big commission." Very good question that allows an interesting discussion.
First, the real estate profession is service oriented. Conventionally, agents are paid a percentage of the sales price for their services. The marketing costs are absorbed by the agent and their broker.  My point made in yesterday's blog is that many sellers do not fully participate in understanding what … (2 comments)

Whaaat? Sellers pay the marketing expenses? - 09/18/07 09:16 PM
So here's the deal folks - especially true in a buyer's market.... You want to sell your property? You are motivated and have a genuine need to move on with your life?  Of course, we all know that you don't want to fire sale your property - and that you'd like to keep as much equity as possible.   So why wouldn't you demand more control in the marketing of your property. Do you really know what your agent is spending on marketing your property? Do you know whether your property is being used to 'shop' buyers into other properties?  If you … (2 comments)

Sometimes its the small things that are very gratifying - 09/16/07 07:36 AM
Sometimes it's the small things that we're involved in or are witness to that give us pause for thought and can be very gratifying. 
We recently had a very successful real estate auction.  The owner was motivated and had an urgent need to liquidate his real estate holdings.  Two small adjacent properties had been on the market for some time - unsold. The agent referred the owner to us to discuss an auction.  Under $50k - normally too small to warrant our labor intensive marketing services.  However, the owner's story was compelling.  His original intent was to build a church on the properties. The … (1 comments)

ABSOLUTE Auction - No Minimum / No Reserve: 6.65 acres Austin TX - 09/01/07 07:10 AM
Name your own price at this live auction on 9/27/07.  No Minimum and No Reserve.  Property is 6.65 undeveloped acres 2 miles from downtown Austin TX in the Del Valle area near I-35/Hwy290.  Download a Bid Package from www.AuctionFirst.com/property.asp for property information along with auction registration/sale terms. Property is 0 Nuckols Crossing (at intersection with St Elmos Rd E).  This property will sell to the highest bidder on auction day. Don't miss your chance to pick up a great deal!  2% Broker participation available.
Want to learn more about selling your property at auction? Call us - real estate AUCTIONs are what … (1 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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