Thanks for the post.  I was needing to learn more about auction sales.  I will look forward to the next 9 myths.

This is a much needed topic here on the rain.  I look forward to learning these other 9 myths.  Hope some real estate agent myths are included.

Robert - I LOVE the 'myth-buster' idea! Post the rest quickly though, don't make us wait a month between'em.

Linda

I just started here in Active Rain and came here to find help with a client regarding his auction request.  My seller is rather desperate and has asked that I conduct a sealed bid auction on his behalf.  I am from Bullhead City, AZ, a small and not very progressive marketplace.  I have tried to find guidelines, rules, rulings etc. from the ADRE and from the commissioners office, but, there is not one word about real estate auctions.  I have yet been unable to find a realtor with experience or knowledge in this subject, including my broker.

From what I am hearing and reading it seems this is not something I should undertake on my own. 

Can you offer advice on this subject?

thanks,

Cliff

Cliff,

It is a small world. I lived in Boulder City, NV and the Las Vegas area most of my life and spent time in Bullhead City when we would go to Laughlin.

Please call me at the office during the day at 816-361-2600 and I will see if I can help you.

Chris and Linda,

Thank you for your feedback. I will try to not make you wait too long for the other nine myths.

Myth 2 is now available.

great stuff Robert, you are the absolute expert on auctions....I would love to do lunch some time!!

David,

Thank you for your kind words. Lunch sounds good to me. Call me or email me to set up a time.

For some reason we often see people confuse auctions with trustee sales where you must have all cash.