auction: Do you know the 3 times every Realtor Should Call the Auctioneer?
- 02/17/10 07:10 AM
This is a very important question and one they don't teach the answer to in real estate school or your continuing education. If you don't know the 3 times that every Realtor should call the professional real estate auctioneer, then you are losing tens of thousands of dollars every year. Living at the beach the first time is easy to anyone who specializes in resort or second home real estate. 1. When you write a purchase offer that is contingent upon the buyer selling their other home. Face the fact anyone that writes an offer contingent upon the sale of … (0 comments)
auction: Finally a simple real estate auction training program for realtors
- 10/26/09 07:09 AM
Do you want to offer auctions to your sellers, WITHOUT being a fast talking auctioneer? We have the training program for you with all the tools To start listing & selling property at auction today! Did you know?
Over 1-Million Properties Have Closed At Auction in 2009? NOT INCLUDING THE 2 MILLION FORECLOSED HOMES!!! Do you want to learn how to sell any property for 100% of The present cash market value, using a tested & proven system?
This is THE Proven System to Auction Any Property WITHOUT BEING AN AUCTIONEER 100% of the Present Cash Market Value 100% of the Time. … (0 comments)
auction: How do I find a foreclosure auction?
- 04/30/09 05:52 AM
You are asking a great question and the answer depends on what you mean by a foreclosure auction. The first thing to remember is auctioneers spend thousands of dollars to advertise and promote each auction and never charge for information. If you see a website that wants to charge you for free information that the auctioneers pay to put into buyers hands click the red X in the upper right corner of your web browser. The National Auctioneers Association hosts a free auction MLS website http://www.naarealestateauctions.com/consumer/index/mls 100% of properties that are foreclosed or taken back by the lender because of non-payment … (0 comments)
auction: Invitiation to Learn How to Offer Auctions to Your Clients
- 02/12/09 01:21 AM
I would like to personally invite you to attend a new workshop training course to learn how to make money by offering auctions to your clients whether the property sells or not. This is the first training program developed by an Accredited Auctioneer of Real Estate (AARE) designed to give Realtors the tools needed to earn a six or seven figure income from real estate auctions during 2009; even in this down market. Click Here to learn more about how you can use auctions to increase earnings in 2009. AUCTION FACT: OVER 1-Million Properties Were Sold at Auction in 2008 The National Association of Realtors predicts … (4 comments)
auction: How Agents Get Paid at Real Estate Auctions
- 12/16/08 06:58 AM
I am contacted all the time by agents who want to know how they get paid working with professional real estate auctioneers and would like to give the short explanation. We offer seller agents 25% to 35% of what we (the auction company) make as referral fees. This works out to 2.5% to 3.5% of the high bid price and its paid at closing to the agent who referred the deal to us. There is detailed information on our website by clicking here. A properly advertised & marketed auction will deliver 100% of the present cash market value for a property … (0 comments)
auction: Foreclosure Auctions Are *NOT* Conducted by Professional Auctioneers
- 11/17/08 04:34 AM
I am a full time real estate auctioneer and one of less than 350 people in the USA who is certified as an Accredited Auctioneer of Real Estate by the National Auctioneers Association and would like to comment on the foreclosure crisis. 5,300 American families are losing their home to foreclosure each and every day; it's a fact not fiction. Every property that is foreclosed must be offered at a mandatory foreclosure auction. That's right 100% of the properties going through foreclosure must be offered at public auction, yet the foreclosure process is broken at the auction and can be easily … (5 comments)
Overland Park, Kan. May 1, 2008 - NAA President Tommy Williams, CAI, announced before the staff of the National Auctioneers Association today the hiring of Hannes Combest, CAE. Mrs. Combest will take over the roles and responsibilities as the NAA's new Chief Executive Officer on June 16, 2008. Current NAA CEO Bob Shively will be departing from his post as the association's executive officer of nine years in August.
An established member of the association management community, Hannes Combest will join the NAA after serving the past twelve years as the Managing … (3 comments)
auction: Housing Crash "Quote" of the Week
- 04/08/08 12:40 PM
"I feel very robbed. These are the same houses I paid $620,000 for, and now they could be selling for $300,000 to $400,000!"- California Bubble Home Buyer S. California Foreclosures Increase 18 Percent in March 2008 This Weeks Biggest Loser: Riverside, California!Median home asking price drops $30,000 in the last 60 days! Is anyone else noticing this type of stuff in the news? … (2 comments)
auction: The Power Of Networking $100 Deal Turns Into 2-New Homes Up For Auction
- 03/19/08 10:56 AM
Letter to an auctioneer who asked, how far are you willing to travel to do an auction:When you saw me driving through Wisconsin last August it is really a testimony to the power of networking through a combination of NAA programs including these forums.We were driving from our small town on the Eastern Shore of Maryland to auction two brand new homes in Idaho just over the line from Jackson Hole Wyoming.The listing was a result of having joint ventured or co-op on several of real estate auctions with Kenny Lindsay up in Michigan earlier in the year.I met Ken Lindsay … (0 comments)
auction: Short Sale Lender Loses $50K Refusing AUCTION CASH
- 12/08/07 09:18 AM
Property facts: Brand new 3,600 Sq Ft custom 5 bed 4 bath home on 1.1 Acre lot in exclusive subdivision with no POA fees or hassles outside Snow Hill in Worcester County Maryland. $535,000.00 Pre-construction appraisal June 2006 $485,000.00 loaned July 2006 $3,600.00 only payment made on home August 2006 before the seller lost his job $347,000.00 BPO Pre-foreclosure Broker Price Opinion January 2007 $351,000.00 February 2007 Auction cash on the table 30-day AS IS close $421,000.00 Amount Freemont Savings would accept for a short sale $394,000.00 March 2007 Foreclosure buyback amount on Courthouse Steps $331,500.00 September 2007 REO Sale Amount to buyer who discovered property through auction marketing & … (8 comments)
This is a generic overview of real estate auctions and to answer frequently asked questions (FAQ’s) from bidders or prospective buyers. The Industry Standard auction process is designed to be simple, straightforward and very fair to all of the parties. There are no ‘secret’ negotiations one-on-one like the ‘traditional’ system; the process is transparent, in the open & simple. Basic Terms of Sale for an Auction
Property is sold as is where is with all faultsInspections are usually limited to be fair to all partiesBidders required to post deposit in ‘hard money’Disclosures prepared … (3 comments)
auction: THREE TIMES A REALTOR SHOULD ALWAYS ALWAYS CALL THE REAL ESTATE AUCTIONEER
- 11/16/07 03:48 AM
Do you know the three times a realtor should ALWAYS call the real estate auctioneer? In this market I am amazed that there are still those living in the dark ages who think that real estate auctions are just fire sales and distress sales at give-a-way proces. Did anyone here happen to hear about the Shelby GT Cobra that sold at auction last Summer? $5 MILLION DOLLARS AT AUCTION WITH NO MINIMUM AND NO RESERVE There was no minimum bid and no reserve meaning this one of a kind property sold to the highest bidder regardless of price. 8% Buyers premium was paid or about $400,000.00 … (3 comments)
auction: LOCK BOXES another reason sellers choose auction is respect of privacy
- 08/24/07 03:17 AM
Sellers are usually uncomfortable with a lock box Privacy or respect of it is one of the biggest motivating factors with sellers when choosing to use a professional auctioneer over a realtor. Why on earth would someone want 10,000 people to have 24 X 7 access to their home? I could start on lock box horror stories but y'all have heard those before. My question is how can someone make a 1/4 million to 1/2 million dollar decision on a home that has not been appraised and inspected prior to being placed on the market? We usually have the inspection completed, appraisal, aerial photographs, … (6 comments)
auction: Short sales are not as hard or as bad as you may thing... stop sucking the crack pipe of phantom equity
- 08/24/07 02:37 AM
Here are some questions becoming more common in my business: Q. I bought a home in 2005 for more than it is worth today, and I wanted to try and sell it as a short sale, is this possible? I am not going into foreclosure, and have never been late or missed a mortgage payment, but I am barely making ends meet with the mortgage. I've heard that lenders won't even consider a short sale unless the homeowner is close to foreclosure, is this true? A. Smart lenders are working with sellers on short sales even if they are current on the payments. Until … (13 comments)
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