ATLANTA NEEDS LESS REDC HOME AUCTIONS AND MORE ABSOLUTE AUCTIONS!!!

I get on average about 3-5 calls a day for a month before the REDC Atlanta Home Auction comes in to town from different people inquiring about my auction knowledge. As an owner of four auction properties, I can say without a doubt that buying auction properties comes with LOTS OF RISKS and several HEARTACHES.

However, most of the heartaches deal with the auction monopolies of the world like the REDC. Most people are not even aware other types of auctions exist because the REDC is so GOOD at marketing their brand (which by the way you end up paying for with their 5% mark up fee). That's basically what auction houses are.....GOOD MARKETERS, not necessarily the authority on "deals of a lifetime."

What Atlanta needs are more Absolute Auctions.....
Absolute Auctions are defined as an auction in which the property is sold to the highest bidder regardless of the amount of the winning bid. How unbelievably simple....You bid on a property and the highest bidder wins! No "outs" for anyone, just business done right!

The REDC's bids are "subject to managements' approval" and often there never is an approval. Just a lot of "run around" from disorganized closing attorney's handling too much volume and non-helpful REDC staff who are overloaded with questions they do not necessarily know how to handle once the "show" is over. What people don't understand is that if the property doesn't meet the sellers reserves, there is no sale and the buyer just tied up their time and earnest money for up to 30 days. Meanwhile, all the other deals are flying away to other savvy buyers!

If you are planning to attend the upcoming Atlanta REDC auction, please check out my blogs for loads of helpful information you can use to your advantage and learn from the mistakes I already made early on in my investing career.

And, if you need FREE representation to help assist in the process, please feel free to give me a call at 678-463-3173!