activity: Auction Company that buys the property
- 07/22/08 04:36 AM
Have you heard of an auction company that will buy the property from the seller at a pre-determined price if the property does not sell? Well, I was contacted by this auction company on one of my condo listings over $1,5m - they only go after properties over $750,000. I thought this process could be a useful tool to sell this property or at least justify a price reduction. Wrong on both counts. $811,000 is the value they would pay the seller if it did not sell at auction and they felt it would sell at auction for $1.1m. Also, the seller (1 comments)
Every Thursday Sarasota Board of Realtors (4,000 agents) has a meeting where we promote our properties, discuss the market and local happenings and the sponsors supply a continental breakfast. Last Thursday when I attended to promote my property I was shocked at the lack of realtors in attendance. I think the sponsors out-numbered the realtors. And, probably less than 75% of agents with properties on the tour were there to actually promote their property. Just a while ago we had to move the meeting because it was getting so large and you could only put your house on tour once (2 comments)