Creating a bidding frenzy! - 07/30/09 12:51 PM

If you've ever attended a well run "live" auction, you've seen the competition and bidding frenzy it can create.
Creating a bidding frenzy is a powerful and exciting way to sell real estate in a "live" setting, but doing it online is easier.
How do you create an online bidding frenzy? Here are some strategies.
Price - Opening bid must be perceived as a great value.
Limit Access - By limiting access to the property through scheduled open houses, it forces all buyers to be there at the same time, creating competition.
Limit Time - Making the property available for … (7 comments)

Our first NAA trade show - 07/23/09 08:43 AM

Kevin and I had the privilege of attending our first National Auctioneers Association (NAA) Conference and Trade show in Kansas City last week (July 15-18th).
As an exhibitor, we enjoyed meeting and talking with several auctioneers from around the country as well as attend a couple of the sessions. It was interesting to see how technology is playing a larger part in the auction industry. If an auctioneer wasn't using online bidding yet, they were thinking about it and staying aware of the latest technologies. I think Ebay has done a lot for the auction industry by making the public … (0 comments)

Real Estate Online Auctions - Webinar this Thursday - 07/20/09 08:03 AM
 

You're invited!
Our next webinar on using online auctions to sell faster and attract more buyers will be held this Thursday (7/23) at 1 pm CST.
Come see how you can use this growing sales strategy in your market.
Real Estate Online Auction Webinar
 
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