miami auction: MORE LUXURY HOMES GOING TO AUCTION
- 03/11/10 09:48 AM
As foreclosures begin to rise in the luxury home market, an increasing percentage of these properties are being sold at auction. In 2009, close to 19000 homes with values exceeding $ 1 million were in some stage of foreclosure. This represents a 160% increase from 2008. At the same time, prices of homes in the luxury market on average have decreased approximately 25%. Values of luxury properties have taken even larger hits in specific areas of the country such as California, Florida, Nevada, Arizona and Michigan. Many homeowners who are not candidates for short sales and want to avoid foreclosure are turning … (0 comments)
miami auction: Types of Auctions
- 01/06/09 03:47 AM
.Absolute Auction: An Auction where the property is sold to the highest bidder with no limiting conditions or amount. The seller may not participate directly or indirectly. .Reserve Auction: An auction in which the seller reserves the right to establish a reserve price. He or she may choose to accept or decline any and all bids or to withdraw from the auction at anytime prior to the announcement of the completion of the sale by the auctioneer. .Minimum Bid Auction: An auction in which the auctioneer will accept bids at or above a disclosed price. The minimum price is always stated … (0 comments)
miami auction: Auction method
- 04/10/08 04:23 AM
Auction is the very best method of leveraging the traditional real estate market in your favor and maximizing exposure and price, while minimizing time and carrying costs of vacant, or unique, estate, or overbuilt properties in a softening market place. In auction is an event where bidders can observe the open competition and act in their interest in the marketplace. Sellers have the opportunity to obtain not only a willing buyer, but the best of all willing buyers. The auction method typically produces an offer within 30- 45 days from signing the auction listing contract that will represent the best price the … (0 comments)
As foreclosures begin to rise in the luxury home market, an increasing percentage of these properties are being sold at auction. 
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