Home : Blogs : Camille O'Donnell : Housing Blog USA

Going Once, Sold

Perhaps, real estate brokers may want to take a look at auctions as a sideline service. I was reading how auctions are misunderstood and are beneficial in creating a competitive frenzy.

Now, I might not know what the heck I am talking about, but someone is making some money. My take is, if we are supposed to be offering solutions to our clients, why not open up the possibility of auctions? According to the National Association of Auctioneers-The auction is a power tool to open doors -you have something that your competitor doesn't have. Since we
are responsible for offering our sellers the best tools available...we should at least be telling them about all of the options. They deserve it. That means we could invite FSBO's, expired's, and
withdrawn's! Read more here: The Broker Auction Advantage or the Gavel is Powerful.

Posted by Camille O'Donnell on 04/10/2008 10:17 AM

Comments (4)

This post has been included in Maryland Information Queen Annes County, MD Information Stevensville, MD Information

4 Comments on Going Once, Sold

APR

2008

Camille:

As a auctioneer/traditional style of real estate broker/agent. I find that auctions are a great tool. The statical data does show that many sellers do benefit from this form of getting their home sold. Every auction that I have had or attended there was a crowd. The home sold. I can say this auctions are not for the agent/broker that is lazy they take a lot of work.

I share your motivation....but with the market we are experiencing, I think this would be a great avenue to pursue. If I was a broker, I believe I would be jumping all over this- who knows? Perhaps I should consider taking the brokers classes this Fall. Thanks for your feedback.