Why online auctions make sense for Realtors - 06/29/08 06:41 PM
In a "normal" market, the conventional method of using comparative market analysis to establish a listing price works reasonably well, despite the fact that everyone involved knows that the eventual selling price is typically somewhat less. Getting a property priced right can be a challenge, and how close the Realtor gets it to prospect's "opinion of value" is critical to how long it takes to actually get a sale. No matter how good the Realtor's guess is, it's still a guess. Even a formal, written appraisal is defined as an "opinion of value," a phrase that simply means a guess.Consider the … (0 comments)

The impact of the Internet on real estate sales - 06/26/08 11:46 AM
This post written by a member of our team John Bickel - Auctioneer.Not long ago, Realtors wondered why they would want to own and operate an Internet web site. A combination of demanding buyers and forward-thinking Realtors soon changed the way properties were advertised and described. As technology improved, from high-speed Internet access in the home to a host of hardware and software upgrades, real estate listings could be brought to life in a manner that print advertising never achieved, with multiple still photos and streaming video "walk-through" displays.Both the Internet and the technologies that take advantage of it continue to … (0 comments)

Real Estate Online Auctions - Part 3 of 3 - 06/23/08 01:07 PM
This is part 3 of 3, but just in case you missed part 1 & 2 here is a little background ... After 14 years of working in the computer industry, I got involved in real estate. I was drawn to the concept of online real estate auctions and I've spent the last 3 years using them. Here are some more answers to common questions about them.Q) How do auctions give you 3 opportunites to sell?A) By holding an auction it's not uncommon for someone to bring a written offer when the auction is announced to try and get it without … (0 comments)

Real Estate Online Auctions - Part 2 of 3 - 06/17/08 11:07 PM
This is part 2 of 3, but just in case you missed part 1 here is a little background ... After 14 years of working in the computer industry, I was naturally drawn to the concept of online auctions when I got involved in real estate. I've spent the last 3 years using online real estate auctions and here are some more answers to common questions about them.Q) Aren't auctions just for properties that need a lot of work?A) No, not anymore. I'm starting to see auctions for brand new properties from builders and banks who just need to get rid … (0 comments)

Real Estate Online Auctions - Part 1 of 3 - 06/15/08 09:09 PM
After 14 years of working in the computer industry, I was naturally drawn to the concept of online auctions when I got involved in real estate. I've spent the last 3 years using online real estate auctions and have learned a lot.I've found there is a lot of confusion on how they work or how to make them work. I will share answers to the most common questions in this 3 part blog.Q) Will an auction force me to sell too low?A) No, not if you structure it correctly. There are 3 main types of online auctions. If you use a … (1 comments)

 

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