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Each month AR runs numerous contests as a way for our members to engage in activities
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These state pages or hyper-local pages provide content directly related to a specific geographical location.
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I am a broker and a real estate auctioneer in Denver. We educate and partner with area agents and brokers to assist them with clients who are candidates for the auction way of selling.
NAR says that auction is the fastest growing segment in real estate. Yet even though individual auctions – especially for luxury homes and land – are really gaining traction in this area, we find that many agents have resistance to the idea of selling property at auction.
I realize auction is not the answer to every situation, yet we have had (2 comments)
AUCTION FAQs - 01/03/12 08:11 PM
We get a lot of questions about real estate auctions – here are answers to some of the most frequently asked:
Q: How do I know if I am a candidate for auction? A: Do you have at least 25% equity in your home? If not, the auction way of selling is probably not for you.
Q: Will I get less money for my house if I auction it instead of listing it? A: When selling their home, there are many factors (7 comments)
The Three Types of Real Estate Auctions - 01/03/12 07:56 PM
Absolute Auction This is an auction where property is sold to the highest qualified bidder with no limiting conditions, contingencies or amount, and is time-defined. Although it may sound like the riskiest way to auction, Absolute auctions are actually the most successful. Absolute Auction promotes a sense of buyer urgency (to perform by a specific time or forever lose the opportunity to buy). Absolute Auction is the only form of marketing that will convey this message. By using the Absolute Auction method, the auction company attracts the largest pool of qualified, competing purchasers thus creating maximum value. Absolute (0 comments)
Trapped by Their House! - 01/03/12 10:03 AM
Robert and Sandra Lee* found themselves in a position that is increasingly common in this slow housing economy. When Sandra, a commercial real estate appraiser, was offered a new position in Boston in October of 2009, she and Robert immediately listed their home with a local real estate brokerage and began making plans for their move. Excited by the new opportunity, the couple flew to Boston to find a home to rent, then back to Denver to pack and prepare for the move. It was decided that Robert would remain in Denver till their house could be sold, while Sandra went (2 comments)
Your property can be sold in 60 days or less for the highest possible price.
The buyer pays the commission, not you! You collect the FULL PROCEEDS from the sale at the auction.
Qualified, motivated buyers compete to buy your property.
Strategic marketing to a huge pool of targeted buyers creates a sense of urgency and brings buyers with cash in hand, prepared to buy!
Property sells with no contingencies.
With a professionally executed auction, there is a 99% closing rate.
In the rare case the auction does not close, there are many backup buyers.
Eliminates (0 comments)
Top Ten Auction Myths - 01/03/12 09:54 AM
Here are some of the most common misconceptions about auctions: MYTH #1: ALL real estate auctions are for distressed and bank owned properties, where people buy for pennies on the dollar. FACT: Some are, and some aren't. There is a big difference between the big auctions for multiple distressed properties, and a boutique or individual auctions. With an individual auction, the focus is 100% on your property. A professional auction company launches an intense strategic marketing campaign that effectively targets hundreds of thousands of prospects. On auction day, prequalified buyers arrive with cash in hand, prepared to buy. MYTH #2: My home (0 comments)
How to Choose an Auction Company – Questions to Ask - 01/03/12 09:45 AM
As real estate auctions become more popular there will be more companies that claim they are legitimate real estate auction firms. Many of these companies specialize in estate or auto auctions. Real estate auctions are a completely different business. Make sure you ask the right questions to evaluate auction firms and pick one that is qualified. Does your company sell real estate exclusively at auction, or do you also sell with the traditional list and sell method? Companies that claim to sell real estate at auction but are also list and sell agencies have a conflict of interest. If a company is (0 comments)
“It is MORE efficient to offer a single property
at one time to a thousand potential Buyers as
opposed to offering that same property
one buyer at a time, a thousand times.”
Janelle Karas, AJ Karas Auctioneers
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.