Finally a simple real estate auction training program for realtors

Billy Burke, CAI - AARE (AARE Auction Company) — Mon, 26 Oct 2009 14:09:52 -0500

Do you want to offer auctions to your sellers,

WITHOUT being a fast talking auctioneer?

We have the training program for you with all the tools

To start listing & selling property at auction today!

Did you know?

Over 1-Million Properties Have Closed At Auction in 2009?

NOT INCLUDING THE 2 MILLION FORECLOSED HOMES!!!

Do you want to learn how to sell any property for 100% of
The present cash market value, using a tested & proven system?

This is THE Proven System to Auction Any Property
WITHOUT BEING AN AUCTIONEER
100% of the Present Cash Market Value 100% of the Time.

Auctions are the fastest growing segment of the real estate market.

The NAR Predicts 1 out of 5 transactions will be auction by 2012

As an Accredited Auctioneer of Real Estate (A.A.R.E.) who has been involved in over 3,000 real estate transactions since 1988, Billy Burke wrote the book on how to sell real estate at auction and offer real estate auctioneering services to your sellers, without becoming an auctioneer in this one of a kind:

Real Estate Auctioneer in a Box Tool Kit

This is the only A to Z workbook available that you can use to
Start making money in real estate auctions TODAY!

Basic contracts & forms to get started now.

How to get paid upfront for every property you list
How to prepare property for auction
How to host a property preview
How to conduct and auction without being an auctioneer
How to use auctions for short-sales

Soup to nuts everything you need to start building your auction business.

LEARN HOW TO GET PAID OFFERING REAL ESTATE AUCTIONS
EVEN IF THE PROPERTY DOES NOT SELL!

Did you know that auctioneers are paid even when the property does not sell?

THIS IS A MUST HAVE TOOL KIT FOR ANYONE WHO WANTS A 6 TO 7 FIGURE INCOME FROM SELLING REAL ESTATE IN 2010!

ORDER NOW AND GET DISCOUNTS FOR WINTER SEMINARS

$100.00 in Online Education Credit with order

$200.00 Live Seminar Coupon

The Most Complete Course on Selling Real Estate at Auction Available!

LEARN THE AUCTIONEER SECRET: HOW TO CHARGE UP TO 50% MORE COMMISSION THAN "TRADITIONAL" NEGOTIATED SALES

Click here to order or learn more

Download the e-Book A.A.R.E. Auctioneer teaches things that every Realtor, real estate investor and home owner should know about auctions.

AARE Auction Company
510 Market St.
Pocomoke City, MD 21851
tel 410.957.4786

www.AAREauctioneer.com

SELLERS WANTED: Ocean City / Eastern Shore Summer 2009 Real Estate Auction Agents Earn 3%

Billy Burke, CAI - AARE (AARE Auction Company) — Tue, 07 Jul 2009 15:16:27 -0500

WANTED
REAL ESTATE SELLERS
Do You Want To Sell Your Property Guaranteed?

Sell your property at AUCTION August 20th
High Noon at Seacrets Morley Hall

Homes, Condo's & Townhouses
$3,495 Auction Entry Fee Includes

Personalized Service to Sell Your Property
Certified Home Inspection Report
Lets Bidders Know What "AS - IS" Really Means
Qualifies your property for a loan
Custom Digital Bidder Information Package
Professional photographs & description
Covenants - Disclosures - Contracts
Maps - Site / Floor Plans - Directions
Hosted Property Previews
3% Paid to buyers agent program
Signs & Take One Boxes

Advertising - Marketing - Promotion

Ads in Hundreds of newspapers
Signs & Billboards
Aerial Beachfront Advertising
Cable TV Advertising
Direct Mail Marketing
Internet Marketing
Huge Opt-In E-mailing to millions
How to Buy at Auction Seminars

LIVE & INTERNET BIDDING

THE EASTERN SHORE'S
SELLING EVENT OF THE SUMMER

Sell for 100% of the "Present Cash Market Value" August 20th

NO SELLER COMMISSION

$3,995 Homes, Condo's & Townhouses with reserve
$2,495 Homes, Condo's & Townhouses NO reserve
Pre-paid entry fees are refundable at closing.

$1,495 Per Building Lot or Parcel
No Reserve Prices Allowed for Lots & Land

How Does it Work?

The auctioneer charges a buyers premium (BP)
BP is added to the high bid for contract price

$100,000.00 High Bid or Hammer Price
$100,001.00 Paid to Seller at Closing

The details are in the paperwork and licensed agents
are actively encouraged to participate

Sellers must qualify with pre-payment of auction entry fees.
Click here for more information on selling.

Buyers must qualify with cash deposits to bid.
Click here for more information on buying

Quick Closing
No *Seller Commissions

ACT TODAY TO ENTER YOUR PROPERTY
CALL 410-957-4786

AARE Auctioneer Offers Proven System to Sell Any Property
100% of the Present Cash Market Value 100% of the Time.

Pax Auctions
P.O. Box 215
Pocomoke City, MD 21851
tel 410.957.4786

www.paxauctions.com

50 Harrisburg PA Properties up for AUCTION Most Absolute or NO RESERVE

Billy Burke, CAI - AARE (AARE Auction Company) — Fri, 03 Jul 2009 15:24:22 -0500

Old Lenker Manor Swim Club

LIVE ON-SITE

REAL ESTATE AUCTION

SATURDAY JULY 25th HIGH NOON
50 PROPERTIES SOLD FROM 1 LOCATION
Old Lenker Manor Swim Club
N 40th St - Francis L Cadden Parkway
Swatara - Harrisburg, PA 17111

Property Previews
Lots & Land may be previewed during daylight hours
Click here for a complete List

Terms:

$1,000.00 (One Thousand Dollar) Deposit Per Lot to Bid
10% Buyers Premium added to high bid & paid to seller
$595.00 Processing Fee Per Property
15-Day Closing by August 10th
Property Sold AS-IS WHERE IS
FREE & CLEAR OF BACK TAXES OR MORTGAGES

AUCTION TERMS
This property to be sold at PUBLIC Auction
A 10% Buyers Premium will be added to the high bid

ALL BIDDERS MUST REGISTER TO BID
or
Your bid may not be qualified

$1,000.00 "Hard Money" Deposit to be applied towards contract price REQUIRED BIDDER DEPOSIT.

A personal or company check will only be accepted if accompanied by a bank letter of guarantee as follows: “We will guarantee payment of checks written on account #_____________ up to $____________for purchases made at your auction sale on _____________________. This letter must be written on bank letterhead and signed by a bank official. No third-party checks will be accepted.

$595 Processing Fee Added to price

A 10% Buyers Premium will be added to the high bid
And paid to the seller

CLOSING 15-DAYS AFTER AUCTION

Property is sold

AS IS WHERE IS WITH ALL FAULTS AND
NO WARRANTY EXPRESSED OR IMPLIED
EXCEPT CLEAR TITLE BY DEED

DUE DILIGENCE:
ALL BIDDERS ARE ENCOURAGED
TO INVESTIGATE EACH PROPERTY
FOR SUITABILITY PRIOR TO PLACING A BID
What is due diligence? Click here

If you have questions call before you bid
410-957-4786
Toll Free 866-486-SOLD (7653)

or e-mail before bidding
sales@paxauctions.com

Title with Deed Delivered to Buyer

Seller reserves the right to sell at
anytime without notice but intends to sell at auction

Sign up for free e-mail auction alerts
Email:
Example Field:
SubscribeRemove HTMLText

SATURDAY JULY 25th HIGH NOON
50 PROPERTIES SOLD FROM 1 LOCATION
CLICK HERE FOR A COMPLETE LIST
Old Lenker Manor Swim Club
N 40th St - Francis L Cadden Parkway
Swatara - Harrisburg, PA 17111

Call today 866-486-SOLD for more information

The Information contained herein is subject to inspection and verification by all parties relying on it. No liability for its inaccuracy, errors or omissions is assumed by the sellers, their agents or auctioneer. ALL SQUARE FOOTAGE AND PROPERTY DIMENSIONS ARE APPROXIMATE. Some properties have been staked for identification purposes prior to sale. Be advised Buyer must conduct an independent survey prior to construction of a home or dwelling at Buyers expense. This offering is subject to prior sale and may be withdrawn, modified or canceled without notice at anytime.

This is not a solicitation or offering to residents of any state where this offering is prohibited by law.

William F. Burke, CAI - AARE Auctioneer
Progressive Auction Exchange, LLC

Omar Bounds, CES, AARE Auctioneer
AU#005174

Do you own real estate and want to sell for cash with no seller commission?

Certified Auctioneer Institute, CAI & A.A.R.E. Accredited Auctioneer Real Estate

Auctioneer is National Auctioneers Association Certified

This is an Auction Announcement
Internet Bidders must register - sign documents and pay deposits
Digital Bidder Information Package (DIGIBIP) information is available for free above by clicking the document links

Call 410-957-4786 or sales@PAXauctions.com

Member National Auctioneers Association - Maryland State Auctioneers Association

WANTED: CASH SELLERS & AGENTS WHO WANT BIG CASH REFERALL FEES

Billy Burke, CAI - AARE (AARE Auction Company) — Tue, 30 Jun 2009 12:15:08 -0500

Sellers Wanted Ocean City Summer Auction

WANTED
REAL ESTATE SELLERS
Do You Want To Sell Your Property Guaranteed?

Sell your property at AUCTION August 20th
High Noon at Seacrets Morley Hall

AARE Auctioneer Offers Proven System to Sell Any Property
100% of the Present Cash Market Value 100% of the Time.

Pax Auctions
P.O. Box 215
Pocomoke City, MD 21851
tel 410.957.4786

www.paxauctions.com

How do I find a foreclosure auction?

Billy Burke, CAI - AARE (AARE Auction Company) — Thu, 30 Apr 2009 12:52:25 -0500

You are asking a great question and the answer depends on what you mean by a foreclosure auction.

The first thing to remember is auctioneers spend thousands of dollars to advertise and promote each auction and never charge for information.

If you see a website that wants to charge you for free information that the auctioneers pay to put into buyers hands click the red X in the upper right corner of your web browser.

The National Auctioneers Association hosts a free auction MLS website
http://www.naarealestateauctions.com/consumer/index/mls

100% of properties that are foreclosed or taken back by the lender because of non-payment or loan default are offered at public auctions.

The problem is foreclosure auctions are not handled by professional real estate auctioneers, they are conducted by attorneys, bankers and in some states the local county Sheriffs office.

By law each foreclosure must be advertised in a newspaper "circulated in the county the property is located in" which often means a local community newspaper because the rates are cheaper than the big city news papers.

Foreclosure Auction terms are published and they vary from state-to-state. READ THE TERMS & CONDITIONS

For instance California requires payment in full, cash or cash equivalent on the day of the auction. That means if you bid on a house on the courthouse steps and win, you must pay the published deposit, then run to your bank and get a cashiers check for the balance, then run back to whomever the sellers attorney or loan servicer is by the close of business or risk losing your deposit.

In Maryland where I am located and have performed foreclosure auctions the process is more civilized. A fixed deposit amount is published usually close to 10% of the amount owed.

At the close of bidding the winning bidder signs the memorandum of bid and deposit receipt (auction sales contract) AND an affidavit of purchase stating they are not the borrower nor acting for them, then hands over the deposit to the auctioneer.

We hand over all the paperwork to the attorney for the lender and they submit the package to the Judge for court approval of the sale. The buyer then has 15 to 30 days to pay the balance of the purchase price AFTER the judge ratifies or confirms the auction sale.

In most foreclosures the buyer has no chance to inspect the inside of the property because it belongs to the borrowers until the time the judge ratifies or confirms the sale.

Foreclosure auctions on the courthouse steps where one pays cash for a property they have not seen or inspected is still the realm of hard core investors.

People often confuse the auction of foreclosed properties as being the actual foreclosure auction. These properties are known as REO or Real Estate Owned by banks that have already been foreclosed upon.

Due to the large number of foreclosures there are now what we call "Mega Auctions" held in a ballroom style setting with tens to hundreds or even thousands of properties offered at public auction.

The REO auctions are a safer bet for the typical person who wants to buy a single home to live in because they can be inspected and financing is often available from the lender who foreclosed.

Here are links to a few of the larger nationwide auction companies.

http://www.auction.com
http://www.williamsauction.com/
http://www.hudsonandmarshall.com/
http://www.reauction.com

Like I stated at the top of this post, auctioneers spend thousands of dollars to advertise and promote each auction and they never charge for information about when and where an auction will be held.

The top websites auctioneers use to promote auctions are:

1. National Auctioneers Association Auction Calendar
2. National Auction List The Internets oldest auction listing calendar
3. Auctionzip.com The free auction listing service used by thousands of auctioneers across the country.
4. State Auctioneer Association websites

Many auctioneers are starting to use Craigslist, Zillow and other real estate related websites to advertise their auctions. So a google search using the word auction and the location you are looking is another easy free way to find out where the auctions are.

Did you know that over 1-million properties were sold at auction in 2008?

Did you know that less than 350 people hold the Accredited Auctioneer of Real Estate or AARE Auctioneer designation?

As an AARE Auctioneer I will tell you little secret about buying a home at auction. Your BEST VALUE will be found in the one-off auction where the property is sold on-site in the front yard or kitchen and not the mega auction.

The auctioneer provides property previews and information plus there are usually only 2 to 7 registered bidders so you are not competing with hundreds or thousands of people in a circus like ballroom setting.

Don't get me wrong we do ballroom auctions and the companies who are producing the mega auctions are all good companies who have tens of thousands of bank properties to sell.

If you have more questions visit our website at www.aareauctioneer.com

Want to Sell Five Properties Next Month Guaranteed?

Billy Burke, CAI - AARE (AARE Auction Company) — Tue, 10 Mar 2009 16:05:23 -0500

Do You Want To Sell Five Properties Next Month Guaranteed?

AARE Auctioneer Teaches Secret System to Sell Any Property
100% of the Present Cash Market Value 100% of the Time.

Auctions are the fastest growing segment of the real estate market.

The NAR Predicts 1 out of 5 transactions will be auction by 2012

As an Accredited Auctioneer of Real Estate (A.A.R.E.) who has been involved in over 3,000 real estate transactions since 1988, Billy Burke teaches you how to sell real estate at auction and offer real estate auctioneering services to your sellers, without becoming an auctioneer in this one day workshop.

This is the only workshop scheduled for your region this year.

Testimonials:

This really and truly looks like it will surpass anything NAA, (National Auctioneers Association) or I should say AMI has ever put out...

Randy Wells, CAI, AARE, CES, GPPA
President National Auctioneers Association This seminar is a must if you want real world experience and knowledge and hard facts you can utilize right out the door...... ... Rick Bryce, GRI,EMS,RECS,ePRo, MCP
Realty Automation, LLC We have been selling some Real Estate at auction, but now I realize that we have been approaching it all wrong... Glenn M. Watson, ATS, CES
Reagan Watson Auctions

Did you know there are close to 200,000 Realtors in the Mid-Atlantic region and only a few dozen are trained in offering real estate auction services to their buyers & sellers.

THIS IS A MUST ATTEND EVENT FOR ANYONE WHO WANTS A 6 TO 7 FIGURE INCOME FROM SELLING REAL ESTATE IN 2009!

Click here to learn more about how you can benefit by this training and Executive Auctioneer Real Estate E.A.R.E. certification.

There is only one workshop scheduled for the Mid-Atlantic region:

Saturday March 21st Valley Forge / King of Prussia PA
at the Crowne Plaza Liberty Conference Center.

The Most Complete Course on Selling Real Estate at Auction Available!

LEARN THE AUCTIONEER SECRET: HOW TO CHARGE UP TO 50% MORE COMMISSION THAN "TRADITIONAL" NEGOTIATED SALES

Download the e-Book A.A.R.E. Auctioneer teaches things that every Realtor, real estate investor and home owner should know about auctions.

AARE Auction Company
P.O. Box 215
Pocomoke City, MD 21851
tel 410.957.4786

www.AAREauctioneer.com

HISTORY OF AUCTIONS 101 - 1.1 Early ROMAN Auctions

Billy Burke, CAI - AARE (AARE Auction Company) — Mon, 09 Mar 2009 13:02:04 -0500

Selling at auction is sometimes referred to as the second oldest profession on the planet. The exact origins of auctioneering are shrouded in mystery with open and competitive bidding being used for the sale of wives, goods, grain, food and slaves in ancient Mesopotamia, Sumerian cultures' Babylon and other civilizations pointing towards origins in Atlantis.

The birth of modern auctioneering came with the rise of the Roman Empire where the practice and trade of selling at auction first became regulated. Most people do not realize that there is a body of auction laws and traditions going back over 2,000 years to the Roman Empire. The word auction is derived from the Latin word Auctonarium; which was the designated location or place that auctions, may be conducted by an accredited auctioneer.

Roman auctions began with the thrusting of a spear in the ground with a flag by the "Magister Auctonarium" or licensed auctioneer to show the crowd that the bidding had begun. The traditions of the auction flag (and licensed auctioneer) survived through medieval times or the Middle Ages, to the slave auctions in America and are still used to this day.

•Ø When the flag is up

•Ø The auction is on!

•Ø Caveat Emptor

•Ø Payment in full

•Ø When the bidding ends.

The term Caveat Emptor is Latin for ‘Buyer Beware' or purchase at your own risk that is still in use today, had its origins from Roman era auctions. Romans used the auction method of sale for everything from household goods, to the soldiers ‘spoils of war' & real estate.

The Romans left behind a legacy of public works, roads, laws, monetary systems, aqueducts' along with what we know today as the modern auction. Roman auction law required an inspection of the goods before, immediate payment upon sale with everything sold ‘as-is' ‘where-is' or Caveat Emptor, and possession going to the winner at the end of the bidding.

From the Secrets of an AARE Auctioneer training workshop

INVITATION: Realtors Who Want To Earn Six-Figures Offering Auctions Without Becoming an Auctioneer

Billy Burke, CAI - AARE (AARE Auction Company) — Fri, 06 Mar 2009 15:52:54 -0600

I would like to personally invite you to attend a new workshop training course Saturday March 21st to learn how to make money by offering auctions to your clients whether the property sells or not.

This is the first training program developed by an Accredited Auctioneer of Real Estate (AARE) designed to give Realtors the tools needed to earn a six or seven figure income from real estate auctions during 2009; even in this down market.

Click Here to learn more about how you can use auctions to increase earnings in 2009.

AUCTION FACT: OVER 1-Million Properties Were Sold at Auction in 2008

The National Association of Realtors predicts that one out five real estate transactions will be sold by auction in less than 5-years

As an Accredited Auctioneer of Real Estate (A.A.R.E.) who has been involved in over 3,000 real estate transactions since 1988, William F. Burke, CAI - AARE teaches you how to sell real estate at auction and offer real estate auctioneering services to your sellers, without becoming an auctioneer.

Testimonials

This really and truly looks like it will surpass anything NAA, or I should say AMI has ever put... Randy Wells, CAI, AARE, CES, GPPA
President National Auctioneers Association This seminar is a must if you want real world experience and knowledge and hard facts that you hard facts that you can utilize right out the door...... ... Rick Bryce, GRI,EMS,RECS,ePRo, MCP
Realty Automation, LLC We have been selling some Real Estate at auction, but now I realize that we have been approaching it all wrong... Glenn M. Watson, ATS, CES
Reagan Watson Auctions

LEARN HOW TO GET PAID OFFERING REAL ESTATE AUCTIONS
EVEN IF THE PROPERTY DOES NOT SELL!

Did you know there are close to 200,000 Realtors in the Mid-Atlantic region and only a few dozen are trained in offering real estate auction services to their buyers & sellers.

www.aareauctioneer.com

THIS IS A MUST ATTEND EVENT FOR ANYONE WHO WANTS A 6 TO 7 FIGURE INCOME FROM SELLING REAL ESTATE IN 2009!

Click here to learn more about how you can benefit by this training and certification.

There are only two workshops scheduled for the Mid-Atlantic region:

Saturday March 21st Valley Forge / King of Prussia PA at the Crowne Plaza Liberty Conference Center.

WHO SHOULD ATTEND?

Real estate agents who want to earn a significant income during 2009.
Real estate brokers who want closed deals instead of stories from their agents.
REI members who want to sell their properties and get in on the auction craze.
Builders & developers with inventory they need to move, yesterday!
Auctioneers who have been begging for my forms, processes and techniques for years.
Those interested in increasing their sales using a proven method of selling properties on the Exact Day of the clients choice.

All participants will receive the auction listing agent kit and CD's at the workshop location and the Executive Auctioneer of Real Estate E.A.R.E. Accreditation Certificate & Pocket Card upon completion of the course.

ALL THE FORMS & CONTRACTS YOU NEED TO START OFFERING AUCTIONS TODAY!

Uniform Standard Real Estate Auction Listing Agreement
Listing agent referral forms (to pay agents for their listings at closing)
Seller property disclosure forms
Property preview registration forms
Public registration forms
Buyers agent registration forms
Sample terms & conditions
Memorandum of bid & deposit receipt (auction sales contract)

William F. Burke, CAI - AARE Auctioneer will personally be teaching the 8 hour course to show you in detail how to bring all these elements together. In addition to the auction training we will provide 6 weeks of e-mail support. If you are not comfortable producing your first few auctions we will partner with you on a commission split basis.

REMEMBER SEATING IS LIMITED AT BOTH LOCATIONS CLAIM YOUR SPOT TODAY AND JOIN THE MOST ELITE GROUP IN THE REAL ESTATE INDUSTRY.

FACT: THERE ARE LESS THAN 350 AARE AUCTIONEERS IN THE USA CERTIFIED TO SELL REAL ESTATE AT AUCTION! Think about that & remember over 1-million properties were auctioned during 2008.

Click here to learn more about earning extra commissions from auctions without becoming an auctioneer.

Download the e-Book That Exposes Auction Myths Held by Realtors to learn things that every Realtor, real estate investor and home owner should know about auctions.

Real Estate Auction Training Program March 21st Valley Forge, PA

Billy Burke, CAI - AARE (AARE Auction Company) — Fri, 06 Mar 2009 15:46:53 -0600

I would like to personally invite you to attend a new workshop training course Saturday March 21st to learn how to make money by offering auctions to your clients whether the property sells or not.

Click Here to learn more about how you can use auctions to increase earnings in 2009.

AUCTION FACT: OVER 1-Million Properties Were Sold at Auction in 2008

The National Association of Realtors predicts that one out five real estate transactions will be sold by auction in less than 5-years

Testimonials

LEARN HOW TO GET PAID OFFERING REAL ESTATE AUCTIONS
EVEN IF THE PROPERTY DOES NOT SELL!

Did you know there are close to 200,000 Realtors in the Mid-Atlantic region and only a few dozen are trained in offering real estate auction services to their buyers & sellers.

www.aareauctioneer.com

THIS IS A MUST ATTEND EVENT FOR ANYONE WHO WANTS A 6 TO 7 FIGURE INCOME FROM SELLING REAL ESTATE IN 2009!

Click here to learn more about how you can benefit by this training and certification.

There are only two workshops scheduled for the Mid-Atlantic region:

Saturday March 21st Valley Forge / King of Prussia PA at the Crowne Plaza Liberty Conference Center.

WHO SHOULD ATTEND?

Real estate agents who want to earn a significant income during 2009.
Real estate brokers who want closed deals instead of stories from their agents.
REI members who want to sell their properties and get in on the auction craze.
Builders & developers with inventory they need to move, yesterday!
Auctioneers who have been begging for my forms, processes and techniques for years.
Those interested in increasing their sales using a proven method of selling properties on the Exact Day of the clients choice.

ALL THE FORMS & CONTRACTS YOU NEED TO START OFFERING AUCTIONS TODAY!

Uniform Standard Real Estate Auction Listing Agreement
Listing agent referral forms (to pay agents for their listings at closing)
Seller property disclosure forms
Property preview registration forms
Public registration forms
Buyers agent registration forms
Sample terms & conditions
Memorandum of bid & deposit receipt (auction sales contract)

REMEMBER SEATING IS LIMITED AT BOTH LOCATIONS CLAIM YOUR SPOT TODAY AND JOIN THE MOST ELITE GROUP IN THE REAL ESTATE INDUSTRY.

Download the e-Book That Exposes Auction Myths Held by Realtors to learn things that every Realtor, real estate investor and home owner should know about auctions.

Real Estate Auction Training Program

Billy Burke, CAI - AARE (AARE Auction Company) — Fri, 06 Mar 2009 15:42:40 -0600

I would like to personally invite you to attend a new workshop training course Saturday March 21st to learn how to make money by offering auctions to your clients whether the property sells or not.

Click Here to learn more about how you can use auctions to increase earnings in 2009.

AUCTION FACT: OVER 1-Million Properties Were Sold at Auction in 2008

The National Association of Realtors predicts that one out five real estate transactions will be sold by auction in less than 5-years

Testimonials

LEARN HOW TO GET PAID OFFERING REAL ESTATE AUCTIONS
EVEN IF THE PROPERTY DOES NOT SELL!

Did you know there are close to 200,000 Realtors in the Mid-Atlantic region and only a few dozen are trained in offering real estate auction services to their buyers & sellers.

www.aareauctioneer.com

THIS IS A MUST ATTEND EVENT FOR ANYONE WHO WANTS A 6 TO 7 FIGURE INCOME FROM SELLING REAL ESTATE IN 2009!

Click here to learn more about how you can benefit by this training and certification.

There are only two workshops scheduled for the Mid-Atlantic region:

Saturday March 21st Valley Forge / King of Prussia PA at the Crowne Plaza Liberty Conference Center.

WHO SHOULD ATTEND?

Real estate agents who want to earn a significant income during 2009.
Real estate brokers who want closed deals instead of stories from their agents.
REI members who want to sell their properties and get in on the auction craze.
Builders & developers with inventory they need to move, yesterday!
Auctioneers who have been begging for my forms, processes and techniques for years.
Those interested in increasing their sales using a proven method of selling properties on the Exact Day of the clients choice.

ALL THE FORMS & CONTRACTS YOU NEED TO START OFFERING AUCTIONS TODAY!

Uniform Standard Real Estate Auction Listing Agreement
Listing agent referral forms (to pay agents for their listings at closing)
Seller property disclosure forms
Property preview registration forms
Public registration forms
Buyers agent registration forms
Sample terms & conditions
Memorandum of bid & deposit receipt (auction sales contract)

REMEMBER SEATING IS LIMITED AT BOTH LOCATIONS CLAIM YOUR SPOT TODAY AND JOIN THE MOST ELITE GROUP IN THE REAL ESTATE INDUSTRY.

Download the e-Book That Exposes Auction Myths Held by Realtors to learn things that every Realtor, real estate investor and home owner should know about auctions.

Testimonials from Secrets of an AARE Auctioneer Training Workshop - Realtor Friendly Courses

Billy Burke, CAI - AARE (AARE Auction Company) — Fri, 06 Mar 2009 15:18:11 -0600

The charter workshop in Ocean City went better than expected with about 1/2 of the attendees Realtors and 1/2 Auctioneers. The next workshop is Saturday March 21st in Valley Forge, PA at the Crowne Plaza

This really and truly looks like it will surpass anything NAA, or I should say AMI has ever put together.

Billy,

I agree with your corporate trainer. This really and truly looks like it will surpass anything NAA, or I should say AMI has ever put together.

I would be very interested in not only looking at, but also taking your course.

I am also sure that you have many people lined up as instructors, but if you ever need one more, you can count me in.

Talk soon,

Randy Wells, CAI, AARE, CES, GPPA
President National Auctioneers Association

Commenting on History of Auctions 101

This seminar is a must if you want real world experience and knowledge and hard facts that you can utilize right out the door. Our rating: A+++

Bonnie and I had a wonderful time in Ocean City meeting all of you and attending your seminar.

Bonnie and I thought your seminar was one of the best we had attended in a long long time.

All of you did a wonderful job and the material presented was first rate! Your material in the course was well done, well organized and presented in a logical and systematic manner and worth far more then what we paid. The breakfast , lunch and all the goodies at the break were a special treat and very much appreciated and very thoughtful and refreshing.

The seminar presentation was excellent and Billie and Stephanie and Raleigh did an excellent job and were truly very willing and excited to share their knowledge and help and assist the attendees fully. Bonnie and I felt the course was well worth the time, long drive and cost and we would recommend the course to real estate agents and those new and aspiring auctioneers that need to put it all together, as well as a great refresher for experienced realtors and auctioneers. The CD was a bonus and a surprise and I was very happy that there were forms and contracts to help guide me in my own auction business.

The seminar was a success and Billie and crew did an excellent job in transferring their vast knowledge and their real world on the street experience of the auction business to all the participants. For any Real Estate Folks interested in learning or pursuing the auction business, This seminar is a must if you want real world experience and knowledge and hard facts that you can utilize right out the door...... You would be wise to take the seminar. Our rating: A+++
Sincere and Much Appreciation for a job well done and an absolute pleasure finally meeting you and your family.

Rick and Bonnie Bryce Rick Bryce is a Virginia Real Estate Broker and Realtor of 29 Years and a Virginia Licensed Auctioneer and holds the GRI,EMS,RECS,CREC and ePro Designations and is half way through his CIPS and CCIM Courses. Bonnie Bryce is a licensed Virginia Real Estate Agent and Licensed Virginia Auctioneer Rick Bryce, GRI,EMS,RECS,ePRo, MCP
Realty Automation, LLC

We have been selling some Real Estate at auction, but now I realize that we have been approaching it all wrong.

Well I just returned from Billy Burke's class "Secrets of an AARE Auctioneer", wow what a class.

If you have ever thought about taking a class like this, this is the one!! Just to be able to have the contracts that he uses are worth alot more than the cost of the course. He outlines step by step how to deal with sellers and buyers, it is truly amazing.

We have been selling some Real Estate at auction, but now I realize that we have been approaching it all wrong.

I am looking forward to putting this information to work for our company and also working with Billy in the future. Be sure to check out his course!! If you have any questions please feel free to contact me.

Well you really have me thinking after yesterday's class. I have to say it has to have been one of the top classes I have attended in along time, congratulations on your work. I will be glad to post on the NAA website about your class.

The next workshop is sceduled for Saturday March 21st at what has been called one of the finest conference facilities on the East Coast in King of Prussia / Valley Forge, PA. The unique set-up of the ampitheatre limits attendance to 132 people.

Please check out our website at www.aareauctioneer.com to register for this workshop.

Invitiation to Learn How to Offer Auctions to Your Clients

Billy Burke, CAI - AARE (AARE Auction Company) — Thu, 12 Feb 2009 09:21:32 -0600

I would like to personally invite you to attend a new workshop training course to learn how to make money by offering auctions to your clients whether the property sells or not.

Click Here to learn more about how you can use auctions to increase earnings in 2009.

AUCTION FACT: OVER 1-Million Properties Were Sold at Auction in 2008

The National Association of Realtors predicts that one out five real estate transactions will be sold by auction in less than 5-years

LEARN HOW TO GET PAID OFFERING REAL ESTATE AUCTIONS
EVEN IF THE PROPERTY DOES NOT SELL!

Did you know there are close to 200,000 Realtors in the Mid-Atlantic region and only a few dozen are trained in offering real estate auction services to their buyers & sellers.

THIS IS A MUST ATTEND EVENT FOR ANYONE WHO WANTS A 6 TO 7 FIGURE INCOME FROM SELLING REAL ESTATE IN 2009!

Click here to learn more about how you can benefit by this training and certification.

There are only two workshops scheduled for the Mid-Atlantic region:

Saturday February 21st Ocean City, Maryland at the Clarion Ocean Front Conference Center.

Saturday February 28th Valley Forge / King of Prussia PA at the Crowne Plaza Liberty Conference Center.

WHO SHOULD ATTEND?

Real estate agents who want to earn a significant income during 2009.
Real estate brokers who want closed deals instead of stories from their agents.
REI members who want to sell their properties and get in on the auction craze.
Builders & developers with inventory they need to move, yesterday!
Auctioneers who have been begging for my forms, processes and techniques for years.
Those interested in increasing their sales using a proven method of selling properties on the Exact Day of the clients choice.

ALL THE FORMS & CONTRACTS YOU NEED TO START OFFERING AUCTIONS TODAY!

Uniform Standard Real Estate Auction Listing Agreement
Listing agent referral forms (to pay agents for their listings at closing)
Seller property disclosure forms
Property preview registration forms
Public registration forms
Buyers agent registration forms
Sample terms & conditions
Memorandum of bid & deposit receipt (auction sales contract)

REMEMBER SEATING IS LIMITED AT BOTH LOCATIONS CLAIM YOUR SPOT TODAY AND JOIN THE MOST ELITE GROUP IN THE REAL ESTATE INDUSTRY.

Download the e-Book That Exposes Auction Myths Held by Realtors to learn things that every Realtor, real estate investor and home owner should know about auctions.

E-Mail Marketing is Saying Less Getting More Results?

Billy Burke, CAI - AARE (AARE Auction Company) — Thu, 05 Feb 2009 18:47:25 -0600

How to Get Paid Offering Auctions to Your Clients
Whether the Property Sells or Not!

'Myth Busting' Auction Fantasies & Misconceptions
by Realtors & the Public Exposed.

As an Accredited Auctioneer of Real Estate (A.A.R.E.) who has been involved in over 3,000 real estate transactions since 1988, Billy Burke teaches you how to sell real estate at auction and offer real estate auctioneering services to your sellers, without becoming an auctioneer.

Workshop Schedule:
Saturday February 21st in Ocean City, Maryland
Saturday February 28th in Valley Forge, PA

Register Now...

Partners Wanted:
Listing Agents: submit your listings for sale at auction
Buyers Agent: Earn 3% as buyer's agent and get paid in about 30 days

Learn How...

LEARN THE AUCTIONEER SECRET: HOW TO CHARGE UP TO 50% MORE COMMISSION THAN "TRADITIONAL" NEGOTIATED SALES

Download the Free e-Book "Secrets of an A.A.R.E. Auctioneer" to learn things that every realtor, real estate investor and home owner should know about auctions.

Progressive Auction Exchange, LLC
D.B.A. REAUCTION.COM and PAX AUCTIONS
P.O. Box 215
Pocomoke City, MD 21851
tel 410.957.4786

www.AAREauctioneer.com

Workshop Schedule:
Saturday February 21st in Ocean City, Maryland
Saturday February 28th in Valley Forge, PA

Get More Information Here

Billy Burke, AARE
Progressive Auction Exchange, LLC
D.B.A. REAUCTION.COM and PAX AUCTIONS
P.O. Box 215
Pocomoke City, MD 21851
tel 410.957.4786
Email aare@aareauctioneer.com
Web www.AAREauctioneer.com

Which would you be more likely to click on when it hits your inbox next week?

The Most Comprehensive & Complete Guide to Selling Real Estate at Auction is Now Available

Billy Burke, CAI - AARE (AARE Auction Company) — Fri, 30 Jan 2009 20:35:50 -0600

I would like to ask you a favor, if you can take a few minutes to check out my new website designed to teach realtors & auctioneers the 'The Secrets of an AARE Auctioneer' or:

How to make money offering auctions to your clients whether the property sells or not.

http://www.aareauctioneer.com/

The program was originally developed to be used only by auction listing agents who work exclusively for my company.

The problem with the exclusivity was, auctioneers wanted to get my processes, forms, contracts, techniques etc. but did not want to be tied into channeling 100% of their real estate auctions through me. That is an objection that I totally understand but I did not want to 'give my playbook' to the competition, which is something that you all understand too.

Realtors have been knocking at my door wanting me to teach them about real estate auctions but like auctioneers they think they can do it all themselves and don't want to share the deals or commissions with us. Kind of the same mentality as with the auctioneers and being one who earns about 10% from every real estate transaction without any splits, exclusivity to be trained is something I would not want to do either.

I am a student of the industry and have purchased every book, training program that I could find and have attended more real estate and auction seminars and workshops than I care to remember. My research has shown that outside of the National Auctioneers Association's Accredited Auctioneer of Real Estate (AARE) certification program there is nothing on the market today designed to teach the real estate professional the A to Z of real estate auctions.

That has now changed with my workshop which includes a manual or kit that is over 350 pages and growing titled:

The Secrets of an AARE Auctioneer

The Most Complete Guide to Selling Real Estate at Auction Available

This training program is not only beneficial to realtors and the general real estate public but a number of auctioneers whom I have worked with, blog with and asked for feedback on the program are ready to fly to Maryland for the first session!

WOW all I asked for was a little feedback from a few industry professionals I know, some who think the right to use my Uniform Standard Real Estate Auction Listing agreement is worth ten times what we are charging for the workshop.

The listing agreement cost me about $100,000.00 in legal fees to develop and another $10 million in trial and error field use while we have been 'vetting' it over the past five-years and its simply 'The Industry Standard' for listing real estate auctions but until now was only available to our agents

The initial workshop / seminar style training program is designed to be taught in a conference room setting to large groups of 100 to 250 people at a time as an all day event. Here is an outline of the course schedule: http://www.aareauctioneer.com/workshop-schedule.php

The cost is $395.00 per person which is cheaper than any other real estate auction training program in the marketplace and its the only one (again outside AARE) that was developed by a certified auctioneer with 'in the field experience' who has had to eat what he kills so to speak.

The only other ways to get this type of real estate auction training are:

1) Trial and error and as stated above you can learn from the $10 million in mistakes I have made.

2) Purchase a franchise in California or Colorado for $25,000 to $100,000

3) Attend AARE for a week at a cost of about $2,500.00 (worth every penny by the way)

4) Attend the NAR auction workshop prepared by realtors without any real input from auctioneers and taught by realtors with zero marketing experience. The course was given really *BAD* reviews by people who have attended both the courses and the 'Train the Trainer' sessions but since they are realtors don't want to be named.

5) Sign up for any number of "Learn how to sell your home in 5-days" programs on the Internet, again prepared by realtors and people with little to no auction experience for $500 to $1,500 or pay www.auctionmentoring.com $10,000.00 to be a listing agent.

6) Get a job with an established auction company that offers real estate auction services and mentor at a low wage or split commission while you are learning, maybe even sign a non-compete as part of your employment agreement.

7) Attend the Secrets of an AARE Auctioneer workshop seminar and receive 'The Most Comprehensive & Complete Guide to Selling Real Estate at Auction Available' which is 350 pages and growing along with several CD's jam packed with useful information, developed by a practicing auctioneer.

Please take a look at the website http://www.aareauctioneer.com/ and download my e-book which is a 'myth buster' about what top realtors think auctioneers really do and get back to me with your feedback.

How to Get Paid Offering Auctions to Your Clients Whether the Property Sells or Not!

Billy Burke, CAI - AARE (AARE Auction Company) — Thu, 29 Jan 2009 11:21:45 -0600

'Myth Busting' Auction misconceptions by realtors & the public 'Exposed.' is the headline for our new website dedicated to teaching Realtors and real estate professionals the mechanics of real estate auctions.

AUCTION FACT: OVER 1-MILLION PROPERTIES WERE SOLD AT AUCTION DURING 2008!

Did you know that there are less than 350 people who hold and have earned the Accredited Auctioneer of Real Estate designation offered by the National Auctioneers Association, which is the only organization with the credibility to offer auctioneering designations?

The National Association of Realtors predicts that one out five real estate transactions will be sold by auction in less than 5-years, yet there is no standardization of the real estate auction industry or auctioneer designed training for realtors.

Selling as is where is with no fix up expense or repair contingencies
All cash no contingency contract with 30-day closing
Guaranteed sale of their property in about 30-days
Buyer pays all of the closing costs
No seller commission!

THE NUMBERS SPEAK FOR THEMSELVES

1.4 million Members of the National Association of Realtors sold about 5 million properties during 2008 or about 3½ properties each or about 1 sale every 4 months. (If averaged)

5,000 Members of the National Auctioneers Association (with less than 350 holding the AARE designation) and there were over 1-million properties sold at auction during 2008, which spread equally would average about 200 each or 16 properties a month each.

BASED ON THE NUMBERS WHO WOULD YOU WANT TO SELL YOUR PROPERTY IN THIS MARKET?

Are you starting to get the picture about the earnings potential by offering real estate at auction?

AUCTIONEER SECRET: HOW TO CHARGE UP TO 50% MORE COMMISSION THAN "TRADITIONAL" NEGOTIATED SALES.

This is the most comprehensive training from an experienced hands-on auctioneer available to the general real estate community.

The program has been developed ‘in the field' with verifiable results from a person with a proven track record in the marketplace.

As an Accredited Auctioneer of Real Estate (A.A.R.E.) who has been involved in over 3,000 real estate transactions since 1988, I have decided to teach people how to sell real estate at auction and offer real estate auctioneering services to your sellers, without becoming an auctioneer.

AUCTION FACT: The marketplace needs tens of thousands of people who can deliver auctioneering services today, not 3-years from now and using our proven system you can cash in now.

LEARN HOW TO GET PAID WHETHER THE PROPERTY SELLS OR NOT!

The program we are offering was originally conceived in March of 2004 with the intent of giving traditional real estate agents the ability to offer real estate auctions to their seller customers. The market in 2004 saw 400% to 2,000% price appreciation and most agents simply were too busy to spend any time with auctions but times have changes. Everyone I presented the program to kept asking the same questions; what have you done with this so far? How much money have you made? We are selling everything we list so fast that we don't have time to waste giving away property at fire sale prices.

So I went to work farming, listing and auctioning property so I could answer those questions with examples, case studies and cancelled closing checks.

If a picture is worth ten thousand words how much do you think I made from this one?

2005 - 2006 & 2007 I started making so much money listing and performing auctions that recruiting and training listing agents was not that important and to be honest most realtors had a pretty bad attitude towards auctions and auctioneers during those bubble years.

AUCTION MYTH: AUCTIONS ARE FIRE SALES WHERE YOU GIVE AWAY PROPERTY!

AUCTION FACT: A properly advertised and promoted auction will deliver 100% of the present cash market value for a property 100% of the time!

There is nothing sadder than when a real estate auctioneer hears than "we sold it in less than a week" because we know there was money left on the table, it's really just a question of how much.

The picture above is a perfect example where several agents proposed listing the property with the highest price proposed being $315,000.00. At auction there were 7-registered bidders and the property delivered $577,500.00 to the sellers and I earned a $57,750.00 Commission check for less than 20-hours total work on the auction event.

QUESTION: How would you like to be able to ask potential real estate sellers this question?

"Mr or Mrs. Seller; would you like to sell your property for 100% of the present cash market value in about 4 to 6 weeks, in as-is condition, with no fix up and no seller commission?"

AUCTION FACT: Our auction marketing delivered an all-cash, no-contingency buyer after 33- days of aggressive marketing for $650,000.00 plus a 10% Buyers Premium and closed in 24-days!

AUCTION MYTH: AUCTIONS ARE FIRE SALES WHERE YOU GIVE AWAY PROPERTY!

If auctions are fire sales or giveaways why do multi-millionaires and billionaires buy and sell high end art, antiques, furniture, real estate and collectable cars at auction?

Last year the record price for a vehicle was set at absolute (no minimum no reserve price) auction with a Shelby Cobra delivering $5,000,000.00 plus an 8% Buyers premium.
There is a mentality amongst auction buyers that if someone is going to steal it, then it's going to be me and they pay full market value every time!

WE WILL TEACH YOU HOW TO GET PAID OFFERING AUCTIONS EVEN WHEN THE PROPERTY DOES NOT SELL!

Learn how to stop foreclosures.

Learn how to cash in on short-sales.

Why would someone want to sell real estate at auction?

An auction is an event
Property is sold on a specific date
Everything is disclosed up front
The only negotiation is price
All negotiation is open and public
Delivers 100% of present cash market value
Buyer pays closing costs
No seller commissions

The price, list & pray method of selling real estate is broken and does not work in this market.

Homes are having birthdays or anniversaries of being listed on the market with few showings and no "offers" at any price. People who are behind in their payments or facing foreclosure cannot even get an "offer" for a short sale. Agents are wasting time sitting at open houses where nobody even bothers to show up.

AUCTION FACT: AUCTIONS ARE THE SOLUTION TO BUILD YOUR BUSINESS IN 2009

Auctions deliver results and by becoming part of this new wave of the real estate industry you can be delivering CASH CONTRACTS to your clients and customers instead of excuses.

DOWNLOAD THE FREE E-BOOK TO READ MYTH BUSTING ABOUT WHAT REALTORS VIEWS OF AUCTIONS.

I have taken my complete course which cost hundreds of thousands of dollars to produce and I'm offering it for the first time to real estate agents and opportunity seekers in a workshop format. The program is totally proprietary and designed for people who would be exclusive auction listing agents listing auctions for my company only; but the truth of the matter is:

AUCTION FACT: THERE IS TOO MUCH REAL ESTATE AUCTION BUSINESS FOR ANY ONE COMPANY TO HANDLE & THE PROGRAM IS AVAILABLE FOR THE VERY FIRST TIME TO REAL ESTATE AGENTS & OPPORTUNITY SEEKERS

Click Here for more information on our upcoming workshops.

What's the purpose of a reserve in an auction? (Real Estate)

Billy Burke, CAI - AARE (AARE Auction Company) — Wed, 14 Jan 2009 14:50:02 -0600

Today I was contacted by a real estate auction buyer with the question;

What's the purpose of a reserve in an auction?

To me, why waste time conduction an auction is all bid are below the reserve?

We have FAQ's but for some reason nobody has ever asked this question before and I tool a few minutes to write a response that I think could be helpful to many of the ActiveRain.com readers.

Dear Mr. Real Estate Auction Bidder:

That's a good question and I am going to put it in my FAQ's

http://www.jacksonholeauctions.com/faq.php

The purpose of a reserve price in an auction is twofold.

First: The ONLY legal way to advertise a property 'Absolute or unreserved' is if the seller is ready to complete the transaction to the last and final bidder regardless of price .

This works well with free & clear properties but if a seller / owner has a mortgage they must be able to pay it off out of pocket if the high bid comes in below the reserve price.

The fact that one must provide a certificate of release to professional real estate auctioneers (not bogus ones who advertise absolute OVER a retail price) if they have a mortgage knocks most people with loans against a property from selling absolute.

The other reason property is sold with reserve is:

Its the only way yo get the auction listing, the seller wants either some sort of protection or they think they are smarter than the marketplace.

I sell a lot of high end waterfront and resort property here on the East Coast and around the country.

I deal with a *LOT* of high net worth individuals who can pay cash for anything they bid on at our auctions. They won't even come to an auction if its with reserve or think the seller is playing games.

One of my buyers lost out on making a million dollars neat from an auction because it was sold with a very reasonable below market reserve & the time of the auction was the same as his sons little league game.

Personally I have had days where I would blow off a million to spend time with my kids so I totally understand.

Another guy who was very interested in a nice beach house told me he would rather play with his dog at home than get dressed and go to an auction where he would be the high bidder but the seller could turn him down.

Ask any auctioneer and they will tell you that they will take an absolute auction over an auction with reserve any day of the week, but they are hard to find.

That is why we keep our reserve "secret" and let everyone know we will annouce if it has been reached right there at the auction. If the high bid is below the reserve we write up the contract and hold the deposit check uncashed, then give the seller two business days to accept or reject the high bid.

I call it a reverse rescission for sellers.

It started when we had a killer waterfront home in June of 2006 that comped right at $1 million any way you looked at it, except recent sales. But there had been no comparable sales for almost a year and the sellers' wife was a REmax agent.

She told me we had more activity in the first 7-days of auction marketing than they had seen in the past 7-months of her marketing with REMax.

There were 145 people at the auction and a 7-registered bidders for that property, the reserve was around $800,000 so I thought it was reasonable... going into the deal.

Auction day the high bid was $660,000.00 and the seller came out and started cussing out the crowd, you dumb Mother F*ckers you know what its worth, half of you are realtors... blah blah blah.

Two days later he said they would take the $660,000.00 but I had not written up a contract because it was not our policy at the time.

I called the buyer and they said there was no way they would do business with someone who talked to them like that, same answer from the second high bidder.

That was when I stopped allowing sellers to attend their own auctions and started the two day rule.

Also if they refuse the cash we charge a painful no-sale fee of $2,500 or 4% of the difference between the cash market value and their wish sandwich price.

If you watch the Barrett Jackson car auctions on TV this week none of those autos are sold with reserve anymore. I know their lead auctioneer and his wife, they told me they used to charge "just" the seller commission of 8% as a no-sale fee until it started driving the prices down.

Spanky Assiter Hammered down a Shelby Cobra last year for $5 million plus 8% Buyers fee absolute with no reserve setting the highest price for a car ever for Barrett Jackson Auctions.

But the bottom line is the reserve is to either protect the sellers' position or to make the auction legal.

Your best bet especially since you are in California is to have the title company run a preliminary title report, then do the math on the mortgage to see how much the sellers owe. If it's more than you want to pay then stay home and play with your kids or the dog.

Sincerely,

Billy Burke, CAI - AARE Auctioneer

billy.burke@paxauctions.com

Why would an Auctioneer Blog on Activerain.com?

Billy Burke, CAI - AARE (AARE Auction Company) — Fri, 09 Jan 2009 23:33:45 -0600

There has been a thread on the National Auctioneers Association forum for the past few weeks titled:

What is so great about blogging on ActiveRain.com?

I had been watching this thread and reading the responses but waited until today to post my own. Since the forum is private for members only I cannot post the contents of the thread, but I will say that the comments from the auctioneers who blog here have been VERY POSITIVE and created a few converts.

Here is my response from this morning:

I have been waiting to post a reply on this thread since it came up.

There are a lot of reasons for an auctioneer to blog on Activerain.com.

Some of you may think I am a realtor hater but that is really far from the truth, I simply have a low level of tolerance for incompetence and many realtors are incompetent.

Face the fact that 90% of agents jumped on the real estate bandwagon during the past ten years and all they had to do to sell property was to show up, install a sign and post it on the MLS. Its the part timers, housewifes and people who don't know a thing about the business that get my goat and also that of the true professional agents in the marketplace.

Last night I posted a property that we are selling at Internet only auction.

It went up on three of my websites, the NAA Calendar, Auctionzip.com, AuctionServices.com then I posted it on Activerain.com.

http://activerain.com/blogsview/872467/ABSOLUTE-INTERNET-AUCTION-BALTIMORE-ROW-HOUSE-NO-MINIMUM-BID-NO-RESERVE-PRICE-TO-BE-SOLD-TO-THE-HIGHEST-BIDDER-REGARDLESS-OF-PRICE

There was a response from Activerain.com within 5-minutes of posting, before I had even logged off the site or my computer for the night.

This morning there was another response / inquiry about the property with some positive information about the area I simply could not have known.

In checking the groups I had posted this on (in addition to my AR blog) I found this question posed:

http://activerain.com/blogsview/869583/An-Expired-Listing-What-would-you-do-if-you-were-me

An agent in PA asking what to do about a listing that is expiring soon for a property that has been on the market for close to 4-years.

FOUR YEARS ON THE MARKET AND HE IS ASKING WHAT TO DO?

There were 63 comments from realtors around the country since this had been posted on January 7th and 2 of them suggested using an auction or auctioneer.

I saw this as a great opportunity to "farm" for the auction listing and since the property is in Omar's back yard to maybe earn a small fee for simply farming the deal and handing it over to Omar Bounds, CAI - AARE to do the auction.

I have gotten a lot of buyer & seller leads from blogging on Activerain.com over the past few years. In addition to getting leads, by blogging there it makes me the "resident expert" on real estate auctions to the local agents who use the site. (because I AM THE resident expert on real estate auctions)

There are a lot of networking opportunities if thats what you are into but I am looking for buyers or sellers, or to establish relationships with agents who need my help to sell their properties in this market.

Blogging on Activerain.com is one more example of how a creative real estate professional can generate business through a social networking site.

ABSOLUTE INTERNET AUCTION BALTIMORE ROW HOUSE - NO MINIMUM BID NO RESERVE PRICE TO BE SOLD TO THE HIGHEST BIDDER REGARDLESS OF PRICE !!!

Billy Burke, CAI - AARE (AARE Auction Company) — Thu, 08 Jan 2009 18:57:20 -0600

1726 N Bradford St. Baltimore, MD 21213

REAL ESTATE AUCTION

INTERNET AUCTION REAL ESTATE
Baltimore Row House

1726 N Bradford St. Baltimore, MD 21213
NO MINIMUM NO RESERVE
TO BE SOLD TO THE HIGHEST BIDDER
REGARDLESS OF PRICE

REHAB PROJECT
INVESTMENT POTENTIAL

1726 N Bradford St
NEEDS TOTAL REHAB	NOT HABITABLE AS -IS
$77 Annual Taxes	$66.00 Annual ground rent
12 ' X 60' Lot	2 Stories plus basement
NO BACK TAXES	NO BACK MORTGAGE

PROPERTY SOLD AS - IS WHERE IS

Click Here for Directions to Property

Street View taken at property

CLICK HERE TO DOWNLOAD
COMPLETE BIDDER INFORMATION PACKAGE
REGISTRATION FORMS
COMPS - PHOTOS - DISCLOSURES & MORE
CLICK HERE TO DOWNLOAD

Street View taken at property

The property was not available for interior pictures or inspection
This is being sold assuming a complete & total rehab is required
Download Documents for Seller Disclosure Report

INTERNET AUCTION
CLICK HERE TO BID

CLICK HERE TO DOWNLOAD
COMPLETE BIDDER INFORMATION PACKAGE
REGISTRATION FORMS
COMPS - PHOTOS - DISCLOSURES & MORE
CLICK HERE TO DOWNLOAD

Call today 410-957-4786 for more information

Progressive Auction Exchange, LLC

Do you own real estate and want to sell for cash with no seller commission?

Certified Auctioneer Institute, CAI & A.A.R.E. Accredited Auctioneer Real Estate

Auctioneer is National Auctioneers Association Certified

This is an Auction Announcement
Internet Bidders must register - sign documents and pay deposits at close of auction
Digital Bidder Information Package (DIGIBIP) information is available for free above by clicking the document links

Call 410-957-4786 or auctions@jacksonholeauctions.com

Member National Auctioneers Association - Maryland State Auctioneers Association

How Agents Get Paid at Real Estate Auctions

Billy Burke, CAI - AARE (AARE Auction Company) — Tue, 16 Dec 2008 14:58:57 -0600

I am contacted all the time by agents who want to know how they get paid working with professional real estate auctioneers and would like to give the short explanation.

We offer seller agents 25% to 35% of what we (the auction company) make as referral fees. This works out to 2.5% to 3.5% of the high bid price and its paid at closing to the agent who referred the deal to us.

There is detailed information on our website by clicking here.

A properly advertised & marketed auction will deliver 100% of the present cash market value for a property 100% of the time.

Sellers are qualified by being required to pre-pay auction entry fees to cover the costs of marketing and producing the auction. The average auction entry fee is $3,495 for a typical residential home being sold at auction with reserve. It's $1,000 less if the seller can offer the property absolute with no minimum and no reserve price. Most people have a mortgage so they cannot legally advertise the auction as being absolute or with no-reserve, even though a number of unscrupulous auctioneers do so anyways.

There are only two times when a property does not sell at auction:

First is when one owes more than a property is worth. (this market has allowed short sales to come into play)

Second is when a seller is greedy and wants more than a property is worth. (ain't no cure for stupid yet)

Other than those two exceptions we sell 100% of the property offered at auction.

BUYERS AGENTS CAN EARN BIG AT AUCTION!

The auctioneer holds single agency or is an agent of the seller only by law & custom.

We offer buyers agents 2% to 3% of the high bid for representing buyers at the auction. Buyers agency is simple, yet complex which is why we offer a premium commission comparable to a "traditional" co-brokered sale.

The agent must register their buyer on our simple one page form that both the buyer & agent must sign. If the buyer attends a property preview the agent must preview the property with them and on auction day, they must attend the auction with their buyer and be present when the buyer signs the auction contracts.

Closing is usually done through the mail or at a title company and its in the best interests of the agent to stay on top of their winning bidder to make sure they close on the transaction.

Payment is at closing or settlement just like any other real estate transaction and payment is made to the agents broker of record and split on whatever deal you have with them.

We are always looking for qualified real estate auction sellers and will work with you to help bring in the listings.

Please feel free to call or e-mail if you or any agent would like to discuss any situation you may have in details.

One thing we do ask agents to remember; we are auctioneers and not magicians & can only deliver what a property is worth today, not June of 2005/2006 when it was worth 30% to 50% more.

Can We Do a Short Sale BPO With Two Comps

Billy Burke, CAI - AARE (AARE Auction Company) — Mon, 24 Nov 2008 16:08:09 -0600

Question:

I have a property we "sold" at auction in August that has $588,500 owed on the first and $227,000 on the second that has been in 'Short Sale Purgatory' going on 4-months.

We submitted a complete package to the lenders for a short sale and have been going back and forth since then over the value and they are just not ealing with reality.

They had a BPO done that came in at $950,000 in August and since that was so far off they (AMTRUST) ordered an appraisal in late September that came in at $640,000 and they are calling $640 FMV and dancing that they need 92% of FMV of full payoff. (WOW $310,000 Price differential)

We originally had a high bid of $375 plus Buyers Premium to make contract price $412,500 and they said that $500,000 would be acceptable.

I was able to get everyone up and took a 50% haircut on our fees to produce a topline contract of $500,000 with the sellers coming to the table with cash.

Then they said $500k net so we brought it up now the first wants a full payoff of $588,500 net because that is 92% of FMV in a market where nothing is selling.

Now there have only been two sales in this subdivision during 2008 $699,000 July 8th and $541,800 October 23rd.

Average Days on Market in the county is 158 and in the subdivision its 222

The house has been on the market for 2 1/2 years and our contract is the only one the property has seen, ever regardless of the method of marketing.

Property values have decreased 17% over the past 12 months according to realtor stats and true equity erosion is closer to 30% for the past 12-months.

271 active listings with 4 sales in September 2008 in Charles County, MD

We now have $518,000 top line ($20k payoff to second) with $482,400 net to the first. We can get the first net up to $500k with an additional seller contribution (buyer is stuck at $456k)

Is there a BPO or appraisal formula to show the property is within the 92% of FMV range or should we just walk away?

Foreclosure Auctions Are NOT Conducted by Professional Auctioneers

Billy Burke, CAI - AARE (AARE Auction Company) — Mon, 17 Nov 2008 12:34:29 -0600

I am a full time real estate auctioneer and one of less than 350 people in the USA who is certified as an Accredited Auctioneer of Real Estate by the National Auctioneers Association and would like to comment on the foreclosure crisis.

5,300 American families are losing their home to foreclosure each and every day; it's a fact not fiction.

Every property that is foreclosed must be offered at a mandatory foreclosure auction. That's right 100% of the properties going through foreclosure must be offered at public auction, yet the foreclosure process is broken at the auction and can be easily fixed.

I would like to make the public and government aware of the fact that the foreclosure process is broken at the initial mandatory public auction, because professional certified real estate auctioneers are "locked out" of the foreclosure auction process due to contract bundling and depression era regulations.

That's right the mandatory foreclosure "auctions" of which 100% of the 5,300 homes being lost by American families each and every day are not conducted or produced by professional auctioneers.

The foreclosure auctioneer service is "bundled" into legal or loan servicer contracts and these "auctions" are conducted by people who are not trained and have zero motivation to actually sell these homes to new owners.

During the past two years just about every property we have "sold" at auction has been turned down by the banks & lenders because the sales price is less than what is owed on the property and the people delivering $75 BPO's backed them up with 6-month to 1-year old "comps".

Every property that we have auctioned that has been turned down has ended up selling for much less, usually $100,000 or more less than we delivered at auction, with most still on the market 1 to 2 years later.

Did you know that if the efficiency or sell through rate of the mandatory public auction required to foreclose on a property increased just 1% it would mean a savings of $15 to $20 Billion dollars a year to the American taxpayers?

I am a small business owner and properly registered & certified as a federal real estate auctioneer contractor. I personally have been trying to get the attention of Fannie Mae, Freddie Mac, HUD, Treasury, OMB and the SBA to "unbundle" auctioneering services from the contracts associated with federally insured loans for the past 8-years.

My pleas and petitions for change have fallen on deaf ears because no one person wants to "rock the boat" changing the way things have been done since the great depression.

Every day we hear on the news and from the government about the national "foreclosure crisis" yet nobody is aware that the regulations governing the foreclosure of real estate have not been updated since the "New Deal" legislation of the FDR Administration.

There is no conspiracy or group trying to maintain the status quo; it is more of an awareness issue that nobody is really aware that professional real estate auctioneers are locked out of producing foreclosure auctions. The professional real estate auctioneers are 'inclusive' of realtors offering buyers agency commissions as an incentive to actually sell the property instead of sitting on it churning fees for property maintenance and management companies.

If there is one single line item I could ask the government or bank regulators to change, it would be to update the regulations about how foreclosure auctions are performed from 1930's standards to 21'st century standards.

I have been researching this subject for almost 10-years and can quote or show chapter and verse where this is happening each and every day of the week.

2-million American families are facing the loss of their home through foreclosure in the upcoming year and allowing professionals, who are trained in the process, will save the taxpayers billions of dollars and allow the families who are losing their home to move with dignity.

Note to whomever reviews this: Please pass this to everyone you know and your Congressman or Senator, I can pretty much guarantee that if you ask anyone about who produces foreclosure auctions (not the REO auctions of property that has already been foreclosed and is now bank or government owned) they will tell you they did not know that professional auctioneers do not conduct these auctions.

100% of property being foreclosed must be offered at public auction, allowing professionals to conduct the 5,300 auctions a day will deliver better results.

By spreading this message we can instill change right away and this is a change for the better that will save the taxpayers billions, eliminate blight in communities and restore human dignity to families losing their home to foreclosure.

Remember the Golden Rule of Loss Mitigation: The first loss is your best and least expensive loss!

Housing Market Crash "quote of the week"

Billy Burke, CAI - AARE (AARE Auction Company) — Fri, 04 Jul 2008 21:50:30 -0500

"From 2005 through 2007 alone - that is, at the peak of the housing bubble - more than 22 million Americans bought either new or existing houses. Now that the bubble has burst, many of those homebuyers have lost heavily on their investment. At this point there are probably around 10 million households with negative home equity - that is, with mortgages that exceed the value of their houses."

- Paul Krugman, New York Times Columnist

National Auctioneers Association Hires New CEO

Billy Burke, CAI - AARE (AARE Auction Company) — Fri, 02 May 2008 12:17:38 -0500

President Tommy Williams Announces Hiring of NAA CEO

Hannes Combest, CAE

Overland Park, Kan. May 1, 2008 - NAA President Tommy Williams, CAI, announced before the staff of the National Auctioneers Association today the hiring of Hannes Combest, CAE. Mrs. Combest will take over the roles and responsibilities as the NAA's new Chief Executive Officer on June 16, 2008. Current NAA CEO Bob Shively will be departing from his post as the association's executive officer of nine years in August.

An established member of the association management community, Hannes Combest will join the NAA after serving the past twelve years as the Managing Director of Member Programs with the Golf Course Superintendents Association of America (GCSAA). Headquartered in Lawrence, Kansas, the GCSAA is the top professional association for men and women who manage golf courses in the United States and worldwide. The association provides education, information and representation to more than 21,000 members in 72 countries. Prior to joining the GCSAA, Hannes was a professor of journalism at Haskell Indian Nations University and assistant to the university's chancellor for 10 years.

A native of Meridian, Mississippi, Hannes is an alumnus of the University of Kansas and Baker University. Mrs. Combest holds a degree in journalism, as well as a Masters degree in Science and Management. Mrs. Combest earned the prestigious Certified Association Executive (CAE) designation in 2001. Hannes is a past president of the Kansas City Society of Association Executives (KCSAE) and currently sits on the Research Committee of the American Society of Association Executives (ASAE).

"The NAA Board of Directors and I were overwhelmed by the caliber and quality of candidates who sought this position," said NAA President Tommy Williams, CAI. "However, the Board's unanimous vote in support of Hannes on first round of voting is a true testament to her level of experience, qualifications and passion for the association industry. I am anxious to see what the future holds for the NAA and its members under the careful watch and leadership of Hannes."

Mrs. Combest addressed and introduced herself to members of the NAA staff this morning and discussed her vision for the future of the NAA. NAA CEO Bob Shively will remain a member of the NAA team through the 2008 Conference and Show and assist Mrs. Combest in her transition to the NAA.

Hannes and her husband, Mike, reside in Lawrence, Kansas. Married for thirty years, Hannes and Mike have four children and five grandchildren.

# # #

About the NAA

Headquartered in Overland Park, Kansas, the National Auctioneers Association represents the interests of approximately 6,000 auctioneers in the United States, Canada and across the world. Founded in 1949, the mission of the NAA is to promote the auction method of marketing and enhancing the professionalism of its members through education and technology. In 2007, over $270.7 billion in goods and services were sold at auction. To learn more about Auctioneers, auctions and the NAA visit: www.auctioneers.org.

Housing Bubble vs. Great Depression

Billy Burke, CAI - AARE (AARE Auction Company) — Mon, 21 Apr 2008 11:41:13 -0500

I did not produce this but thought it was really neat.

Any comments?

Housing Crash "Quote" of the Week

Billy Burke, CAI - AARE (AARE Auction Company) — Tue, 08 Apr 2008 19:40:10 -0500

"I feel very robbed. These are the same houses I paid $620,000 for, and now they could be selling for $300,000 to $400,000!"

- California Bubble Home Buyer

S. California Foreclosures Increase 18 Percent in March 2008

This Weeks Biggest Loser: Riverside, California!
Median home asking price drops $30,000 in the last 60 days!

Is anyone else noticing this type of stuff in the news?

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