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Auctioning your Property whether you are getting offers or not
My husband has his auctioneer license.  We are adding auctions as an option when we do a listing presentation.  We truly believe having a seller doing a round robin auction is a great way to stir urgency in buying a property.  You put a property on the market without a price but an "AUCTION" word where the list price would be.  You have a few open houses on maybe two weekends and set a Sunday night to do the auction by telling the buyers to sit by their phone.  The way the auction works is the potential interested buyers are numbered for example from 1 to 10.  Buyer 1 is called first and asked to give a bid of what they would like to put on the house.  Buyer 2 is called next and told what Buyer 1 has offered and asked if they would like to put a bid higher than Buyer 1.  If Buyer 2 decides to bid higher, then Buyer 3 will be called next and the cycle continues.  But if Buyer 2 doesn't want to bid higher than the previous Buyer's bid, then Buyer 2 is out of the auction and Buyer 3 is called next. Once the ... more

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