Special offer

Have you considered an auction?

By
Real Estate Broker/Owner with Charles Stallions Real Estate Services 610125

Ready for a quick sell!! Try an auction. Yes you can do it with proper marketing and hard work and here's how.

  1. Order plenty of  signs, twenty five is a good start. Place them with in 3 to 5 miles in every direction. Have Auction and time preprinted on them with a viewing time like you would an open house. Mine are held open from 11-5 on Saturday and 1 to 5 on Sunday. Leave a place at the bottom to write in the address in an erasable ink.
  2. Have a bigger sign with the same thing on it except the address (this one will be in the yard) but have a place for you to write the bedrooms, baths and two great amenties.
  3. Start on Monday have all the signs put up. Run an ad in the newspaper every morning for the whole week that looks just like your signs.
  4. On Saturday and Sunday hold home open just like a regular open house. Have a poster board for everyone to write their bids on.
  5. After Sundays open house is over at 5 pm then you start calling the lowest bidder and tell them the highest bid and ask if they want to top it. Then go to 4-3-2-1 and continue till the last one stops bidding. At the end you will have probably the best offer you could hope for either sell it to the seller or let the highest bidder know it is unacceptable.

We have tried six of these in the last two months and have sold four. It is great also to get the home priced right. I try to hold them within the first two weeks.

Dean Moss
Dean's Team - Keller Williams Realty Partners Chicago IL - Chicago, IL
Dean's Team Chicago IL Real Estate Team

Charles -

Incredible idea! 

Are there any special licensing rules in FL regarding RE Auctions?  Also, can you turne down the highest bid if your seller thinks it is still too low?

Please fill in the blanks for u.

Thanks!

DEAN & DEAN'S TEAM CHICAGO

Sep 21, 2008 12:57 PM
June Stark
Elite Realty-Luxury Homes & Condos On & Off the Strip - Las Vegas, NV
Las Vegas Condos & Luxury Homes Expert

What a great idea!  A friend of mine did a FSBO Auction and got her home sold after months and months of trying!

Sep 21, 2008 03:20 PM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

Dean  no special license and yes you can turn down the offer as long as you never call it an absolute auction. You put on the auction board that it is subject t seller and bank approval for this reasn.

Sep 22, 2008 12:17 AM
Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

We have been doing these for quite a time now with a lot of success even in the current marker.

Oct 31, 2011 01:06 AM
Charles Stallions Property Manager
Charles Stallions Real Estate Services - Pace, FL
Pensacola, Pace & Gulf Breeze Property Management

This certainly one way to go and we have really perfected it

Apr 05, 2012 12:27 PM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

Thanks again Joyce and Michelle for stopping by again and love your comment and pushing the company

Apr 19, 2012 12:36 PM