I recently return from the National Auctioneers Association in Nashville, TN. They did a great job of educating us on the changing markets of real estate, REO business, Internet marketing, and general auctioneering. It was great being there and networking with everyone, seeing the different styles of championship callers/auctioneers.
If you would like to learn a little more about auctions, call me or tune into the auctionnetwork.com, soon to be on cable station near you, but always on the net! According to ad on there site the National auctioneers contest will be rebroadcast starting Aug 4th.
The basics(OHIO) are to be an apprentice you must take 80 hrs at an approved school, then pass an apprentice exam which is given monthly, after qualify as a basically good person, and showing proof of financial responsibilty(surety bond). Your license as a apprentice will expire each year in July. If the license is not renewed in timely manner, you have to start over. You must call 12 auctions prior to taking the auctioneers exam which is given quarterly.
The MORPACE survey tracked growth within individual auction specialty areas. The fastest growing auction specialty is real estate. Residential real estate auctions grew 39% between 2003 and 2006. During this same time period, land and agricultural real estate grew 33% and commercial and industrial real estate grew 27%.
I currently have two apprentice auctioneer positions available, the entire process of getting schooling, taking exams, completing the apprenticeship takes anywhere from 13 months to 18 months. For individuals who want to sell real estate at auction, they must also have a real estate license and be sponsored by licensed realtor in order to sell real property at auction while licensed as an apprentice auctioneer. An auctioneer can sponsor only 2 apprentice auctioneers at a time, so these apprentiship are hard to find, don't miss this opportunity, call me today at 513 417-2976.
Please visit the career page on my website (alldoneauction.com)to learn more:
The some extracted statistics compiled by Zach Schiller of Policy Matters Ohio, and it speaks in numbers rather than families effected. Note Bold section which talks about the hidden foreclosure market.
"Ohio foreclosure filings jumped sharply in 2006, Policy Matters Ohio reported in a study released today. Overall, according to data reported to the Ohio Supreme Court by common pleas court judges across the state, there were 79,072 new foreclosure filings, an increase of more than 15,000 or 23.6 percent from 2005. The latest numbers indicate that Ohio's foreclosure crisis, already severe, worsened substantially in 2006.
"Filings grew somewhat faster in urban counties than in the state as a whole, and the ten most populated counties dominate the list of those with the most filings per person. However, during 2006, 78 of Ohio's 88 counties saw an increase in the number of filings. The number of filings grew by 20 percent or more in 46 counties.
"'Foreclosures have become a pervasive problem in Ohio,' said Zach Schiller, Policy Matters research director and author of the report. 'Additional steps should be taken to provide relief to borrowers harmed by abusive lending practices and to bolster protection for home buyers.'
"Foreclosure filings at least doubled in all but two of Ohio's counties over the past 11 years; in 82 counties, the number at least tripled, and in 70, it quadrupled.
"Foreclosure filing data does not provide a complete picture of foreclosures, as it includes non-mortgage filings and double filings. Not all filings lead to actual foreclosures, in which borrowers lose title to their property. On the other hand, filing statistics do not cover all cases in which homeowners lose their property, such as cases in which they give the title back to the lender and walk away from the home. Filing data is the best source of information to compare recent levels of foreclosure activity in the state and among Ohio's counties.
"Policy Matters Ohio conducts a biennial survey on sheriff sales of foreclosed properties in Ohio. Surveys last year and previously indicate that while the number of families actually losing their homes to foreclosure is considerably lower than the number of filings, it has grown sharply and tens of thousands of Ohio households are losing their homes to foreclosure each year."
Policy Matters Ohio is a nonprofit, nonpartisan research institute with offices in Cleveland and Columbus.
As a homeowner, you can play an important part in the timely sale of your property. When you take the following steps, you'll help your Group, Realtors Sales Associate sell your home faster, at the best possible price.
Step #1: Make the Most of that First Impression
Never underestimate the importance of outward appearances - especially where your home is concerned. Potential buyers begin their decision-making process early, with their first glance at your property. A well-manicured lawn, neatly trimmed shrubs and a litter-free porch welcome prospects. So does a freshly painted - or at least freshly scrubbed front door. If it's autumn, rake the leaves. If it's winter, shovel the walkways. The fewer obstacles between prospects and the true appeal of your home, the better.
Step #2: Invest a Few Hours for Future Dividends
Here's your chance to clean up in real estate. Clean up in the living room, the bathroom, the kitchen ... If your woodwork is scuffed or the paint is fading, perhaps you might want to consider some minor redecoration. Fresh wallpaper in the kitchen or bath can add charm and value to your property. Prospects would rather see how great your home really looks than hear you tell how great it could look, "with a little work."
Step #3: Check Faucets and Bulbs
Dripping water rattles the nerves, discolors sinks and suggests faulty or worn-out plumbing. Burned out bulbs leave prospects in the dark. Don't let little problems detract from what's right with your home.
Step #4: Don't Shut Out a Sale
If cabinets or closet doors stick in your home, you can be sure they will also stick in a prospect's mind. Don't try to explain away sticky situations when you can easily plane them away. A little effort on your part can smooth the way toward a closing.
Step #5: Think Safety
Homeowners learn to live with all kinds of self-set booby traps: roller skates on the stairs, festooned extension cords, slippery throw rugs and low-hanging overhead lights. Make your residence as non-perilous as possible for uninitiated visitors.
Step #6: Make Room for Space
Remember, potential buyers are looking for more than just comfortable living space. They're looking for storage space, too. Make sure your attic and basement are clean and free of unnecessary items.
Step #7: Consider Your Closets
The better organized a closet, the larger it appears. Now's the time to box up those unwanted clothes and donate them to charity.
Step #8: Make Your Bathrooms Sparkle
Bathrooms sell homes, so let them shine. Check and repair damaged or unsightly caulking in the tubs and showers. For added allure, display your best towels, mats and shower curtains.
Step #9: Create Dream Bedrooms
Wake up prospects to the cozy comforts of your bedrooms. For a spacious look, get rid of excess furniture. Colorful bedspreads and fresh curtains are a must.
Step #10: Open Up in the Daytime
Let the sun in! Pull back your curtains and drapes so prospects can see how bright and cheery your home is.
Step #11: Lighten Up at Night
Turn on the excitement by turning on all your lights - both inside and out - when showing your home in the evening. Lights add color and warmth, and make prospects feel welcome.
Step #12: Avoid Crowd Scenes
Potential buyers often feel like intruders when they enter a home filled with people. Rather than giving your house the attention it deserves, they're likely to hurry through. Keep the company present to a minimum.
Step #13: Watch Your Pets
Dogs and cats are great companions, but not when you're showing your home. Pets have a talent for getting underfoot. So do everybody a favor: Keep Kitty and Spot outside, or at least out of the way.
Step #14: Think Volume
Rock-and-roll will never die. But it might kill a real estate transaction. When it's time to show your home, it's time to turn down the stereo or TV.
Step #15: Relax
Be friendly, but don't try to force conversation. Prospects want to view your home with a minimum of distraction.
Step #16: Don't Apologize
No matter how humble your abode, never apologize for its shortcomings. If a prospect volunteers a derogatory comment about your home's appearance, let your experienced Group, Realtors Associate handle the situation.
Step #17: Keep a Low Profile
Nobody knows your home as well as you do. But Group, Realtors Sales Associates know buyers - what they need and what they want. Your Group, Realtors Associate will have an easier time articulating the virtues of your home if you stay in the background.
Step #18: Don't Turn Your Home into a Second-Hand Store
When prospects come to view your home, don't distract them with offers to sell those furnishings you no longer need. You may lose the biggest sale of all.
Step #19: Defer to Experience
When prospects want to talk price, terms, or other real estate matters, let them speak to an expert - your Group, Realtors Sales Associate.
Step #20: Help Your Agent
Your Group, Realtors Associate will have an easier time selling your home if showings are scheduled through this office. You'll appreciate the results
When you're selling your home, the price you set is a critical factor in the return you'll receive. That's why you need a professional evaluation from an experienced Realtor®. This person can provide you with an honest assessment of your home, based on several factors, including:
Market conditions
Condition of your home
Repairs or improvements
Selling timeframe
In real estate terms, market value is the price at which a particular house, in its current condition, should sell within 30 to 90 days.
If the price of your home is too high, this could cause several things:
Limits buyers. Potential buyers may not view your home because it appears to be out of their buying range.
Limits showings. Other salespeople may be more reluctant to view your home.
Used as leverage. Other Realtors® may use this home to drive the sale of other homes that are better-priced.
Extended stay on the market. When a home is on the market too long, it may be perceived as defective. Buyers may wonder, "what's wrong," or "why hasn't this sold?"
Lower price. An overpriced home, still on the market beyond the average selling time, could lead to a lower selling price. To sell it, you will have to reduce the price - sometimes several times. In the end, you'll probably get less than if it had been properly priced in the first place.
Wasted time and energy. A bank appraisal is most often required to finance a home.
What you paid for a piece of property does not determine the current market value.
Reasons for overpricing:
Improvements, you cannot add an item to a home to your style and expect a buyer to pay the original cost.
Need, an owner's need for money does not increase the value of the home.
Values are location specific, higher values in destination does not increase the value of existing home.
Original purchase price high, chance are you paid market value, it not that price was too high, but a market that has experienced subsequent change.
Lack of factual data, based on opinion of value on recent documented sale prices.
Bargaining room, Buyers will offer low, at any price, easier to negotiate to fair market value.
Corporate buyout, third party companies purchase thousands of homes a year so the offer you received is usually market value.
The benefits to proper pricing:
Faster Sale - save carrying costs, mortgage payments and other ownership costs.
Less Inconvenience - Saves time/energy it takes to prepare home for showings and make arrangements to be offsite.
Exposure to more prospects - at market value, you open your home to more people who can afford the price.
Increase salesperson response - salespeople will make special efforts to contact potential buyers to show home they are excited about its price.
Better response from advertising and signs calls - turn to showings when price is not a deterrent.
Attracts higher offers - buyers are less likely to offer low ball out of fear of losing a good home.
Means more money to sellers - Priced right, excitement of the market produces higher prices and overall net in terms of actual sale price and in less carrying cost.
Realtors® have known it for years - well-kept homes that are properly priced in the beginning always get you the fastest sale for the best price! And that's why you need a professional to assist you in the selling of your home.
Often, in a seller's market, homes that are priced slightly below market value initially will sell for more, simply because of the extra interest they incite. This can be a risk, however, and when it comes to such a decision, an experienced, trusted Realtor® is your best ally.
Ultimately the buyers are going to set the price, you find this difficult, so do they. Auctioning with no published minimum price puts the pressure on the buyer to determine how much the property is worth. A lot of times they just don't have the tools/knowledge to do this. They can see what other homes are listed for, but they don't have access to recent sales data.
PRICING TRAIANGLE
Whether auctioning or traditional sales there are a set number of buyers in the market place at any one time.
The lower the prices the more buyers are for a particular home, as the price increase the number of buyers drop off.
The auctioning method brings those top buyers in the pyramid together to compete and produce the higher price.
X highest price
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To get your home priced right - Call me today! 513 417-2976
The real estate market is getting hot! Learn about the auction marketing method at my website www.alldoneauction.com. Here's a little of what you will learn:
Why Auction Real Estate?
Quick!
Fair!
Control!
Simplified sale and closing!
Reasons sellers are selecting to Auction Real Estate
I just started this group on meetup.com, where activerain is on the net, this group provides for live events, where you get to "meet up" with others, a great way to network. so if your local to Cincinnati market please sign up at http://smallbiz.meetup.com/479/
Cincinnati Real Estate & SM. Business Tec Network
Learn about the changing Cincinnati Real Estate market and technologies that are here now ( Google Base, CraigsList and Zillow, Podcasting, Videocasting )! -------------- Hear how others have overcome hurdles and achieved success. ---------------- Thinking about buying or selling your home, want to network with local businesses, learn the latest technology for home or business, or learn about Cincinnati real estate - neighborhoods and market conditions? You are welcome to come to! ---------------- Nervous or shy? Don't worry, we will introduce you to the group. You are expected to participate in some fashion, so come ready to share the things you've been working on or that get you excited.
I recently joined some of these groups. An Dining out, hiking, small business. On social side this has been great, a lot of fun and I am meeting new people. Meetups allow for long distance meetings or local face to face. There are a couple of small business groups already created. I decided to create my own. The other groups met on same night as my real estate investment group. I wanted a networking group and and new technology group with a little emphasis on real estate. Cincinnati has several networking groups, mostly involving putting up money, or buying into education. Meetups, the way my group is currently set up does cost members anything. Is anyone doing anything similar?
I am constantly trying to improve my rankings, without paying for service. Is anyone making leadway with this? What are you doing to improve your results. I can find myself on other professional sites, but my own website is not coming up in the lists. I have added myself to a few of these directories, most I have found want a recipical link for free link or they want the bucks. I'm wondering if adding all these links will do the trick or if it is just going to make my website look sloppy. I'm also wondering if paying for google ads works for this industry?
Office Phone: (513) 829-1599
Cell Phone: (513) 417-2976
Email Me
Cincinnati Real Estate, Cincinnati Auctions, Vicky Carlton, President of All Done Auction Co.,LLC is Certified Estate Specialist and Certified Valuation Specialist specializing in Real Estate sales at auction.