In today's stagnant economy, real estate continues to prove to be a challenge to sell in most cases. 

Sellers are being forced to wait years to move there property and often at prices that they never imagined they would have to sell for.  Coming to the realization of what a property may sell for vs. the asking price is the first step in determining if a seller is ready to auction. 

The auction method offers so many benefits over the traditional listing/sales methods.  One benefit which is becoming more and more important is time and the time value of money which is locked up in idle real estate. Today's. many sellers are more motivated than ever before and buyers are scarce.  This is all the more reason to choose a creative, high impact approach to sell your property through auction. 

 I personally think the raffle approach is very creative and offers a wonderful alternative to link with a non profit as part of the sales approach.  I also believe that there is still a lot of awareness and confidence building needed to make this a more viable approach.  Real estate auctions have been around for decades.  They are once again becoming the preferred method for sellers who are seeking a quick and efficient method to attract multiple buyers at one time to sell your property and close with 45 days. 

 To learn more, please visit www.auction-generation.com 

 

 

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2 Comments on A new generation of selling real estate: raffle and traditional auctions

AUG
24
159,521 Points Outside Blog

How does the auction work for realtors with buyers.  Is there a commission paid?

10:13am • #1

Thank you for your question.  Yes, almost all auction companies pay a commission to the cooperating realtor from the buyers premium.  I pay between 2-3%.  It will vary based on the auctioneer, size of deal, etc.  I hope this helps.

 

Troy

Troy Fowler
10:38am • #2

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Troy Fowler

Miami, FL

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Auction Generation

Address: 1200 Brickell, Suite 1950, Miami , FL, 33131

Office Phone: (305) 754-2888

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