Tom Wood's (reiauctions) Blog

Real Estate Broker/Owner - Ad Maker Tool & Real Estate Auction Systems



I've been using online auctions for almost 4 years and we've developed a premium online auction system specifically for real estate. Bottom line: Online auctions work and work extremly well.  However, I've discovered many Realtors don't know how to use them successfully. To help meet the need I j...
There's no question the Internet is an important part of any real estate business. I can't imagine there's any active real estate agent who doesn't have a website or a least a web page on their company's site. After all, with over 84% of buyers searching for homes online, you'll struggle to compe...
Last Friday we captured the end of one our customers online real estate auctions on video. This 2 minute video is a great example of the bidding frenzy that can occur as an auction winds down. What's especially interesting in this example is that the listing agent didn't do any of the things we ...
I've attended several "live" real estate auctions in the past to observe and learn. Most of them I've attended were successful, but I've also attended a few that haven't been. There was even one I attended that didn't receive a bid. I really felt bad for the auctioneer and the seller. All the tim...
The most common question asked by a bidder during a real estate online auction is "What is the reserve price?" In other words, what is the bottom line price you will take? Would you ever tell someone your bottom line price when you're selling a property? I hope not. If you do, you've just lost al...

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