daytona auctions: Honest Lies
- 09/09/13 04:51 PM
A few days ago I read an article in our local newspaper “Word on the Street: Unruly crowds prompt switch to online auctions” … (48 comments)
daytona auctions: How Much Is Fair To Charge For Helping Clients Buy At Auction?
- 09/09/13 01:27 AM
You buy a property at auction for half of its today's price. How much are you going to charge in commissions? Funny, but customers are so used to Seller paying commission, that when they buy with agent at the auction, they are upset that they have to pay the commission. I once bought it for a customer and charged regular commission, and only because she said she would be buying with me many more properties for flip as business. That, of course, never happened, and we ended up buying her a condo for $73K, which she refused to sell for … (16 comments)
daytona auctions: How To Lose A Shirt
- 03/18/13 02:01 AM
Have you ever thought of a chance to get rid of your sizable mortgage and for less than half the money own the property free and clear? Well, sometimes things like this may happen. We are watching foreclosures and tax deed. A 35-pad mobile home park with 32 homes. It is not in the best shape, 6 homes are closed and there are warnings from the city of Daytona Beach on the windows. Code violations. The rest of them are rented. Excellent location two blocks from the river. At the peak of the market it was bought for $800,000. Then, just … (10 comments)
daytona auctions: The Lure of The Auction
- 09/15/12 08:10 AM
Couple of days ago I was at the Tax Deed Auction. On one of the properties, a nice 3/2 in seemingly good shape, there was a real fight. Starting bid was a bit over $4,000, but quickly escalated. When they got to $90s, suddenly one of the guys sitting with an I-Pad, got excited and went to the Clerk of the Court, who was conducting the auction.
He told her that he had just checked the county records, and it showed that the tax has just been paid. There was silence in the room. According to the rules of Tax … (7 comments)
daytona auctions: What Difference Does a Good Offer Make if Nobody’s Listening?
- 06/01/12 02:54 PM
Friday is the day when the County schedules foreclosures for Daytona area properties. Used to be 2 days a week on average 30-35 properties a day. Not anymore. Today after a few cancellations, which is very common, there were only 5 properties left on the foreclosure list. I drove all the way to Deland, our county seat, because there was one condo-hotel unit in Oceans Jewels Club going on the chopping block. The foreclosing bank is known for the deepest discounts, starting from 10 cents on a dollar of the balance of the loan. I did not expect 10%, but I … (10 comments)
A few days ago I read an article in our local newspaper “Word on the Street: Unruly crowds prompt switch to online auctions”
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