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AuctionFirst.com Update
Successful weekend auction in Austin, Texas

What a fantastic auction in Austin, TX on Saturday!  It was repeat business from a family we’ve helped before.  This time, Dr. Najem (Grandpa) had already moved out of state and was really tired having his house sit on the market unsold after a year.  It was a lovely home with 5,000 square feet on a beautiful golf course lot. Since the doctor owned the house outright, he authorized an “Absolute” auction which always attracts the most bidders and in turn brings the highest price possible.  There were 10 registered bidders and the home was declared “Sold” in 14 minutes.  We had hoped to achieve a sale price of at least $275,000.  The final sale price was $336,600 with the bidding at $1,000 increments between two bidders for the final exciting moments.  Here are some photos of the action.
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The tent and balloons are up and the auction team is ready to register bidders and guests.

auctionfirst real estate auction

Bidders have a final chance to read over documentation prior to bidding.  Because AuctionFirst provided a professional inspection report performed by a well respected company, only one bidder chose to get her own additional inspection done.

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The auction team conferring just prior to start of the bidding. Team members included
Linda Mardi, Sarah Sonke, Kira, Danni Lynn, Flip, Leigh and Veronica.

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Bidding is underway.  Groups of registered bidders are seated in the 20 reserved chairs at the front. 
Guests watching are standing in the back – another 25-30 plus two sets of golfers in golf carts to the far right (out of view in this picture).

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The view from the golf course fairway looking back at the auction action.

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The underbidder, being helped by Flip, an AuctionFirst bidspotter. This fellow really
wanted to live in the house but let it go to someone else for $1,000 higher bid.

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Flip’s wife Danni Lynn is bid assistant helping the successful high bidder.  At the time
this photo was taken the bid increments were $1000 and bidding was going back and
forth between two bidders rapidly.  Everyone watching loved the action!  Who was
going to win?

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Photo of the high bidder with his family and the auctioneer, Linda Mardi.  The buyer said he exceeded
his predetermined spending limit due to the bidding competition. His two sons were
cheerleading their dad to win the bid and could hardly stand the excitement.  Interesting
point - this man’s wife came by herself and saw the home the day prior to auction. She’d come
primarily to purchase some of the furnishings.  On the basis of her report, her husband
got a cashier’s check and came prepared to win the bid at auction beating out all other potential
bidders who had studied it for weeks.  Just goes to show that when the wife has been looking for the
right house and finds it, BUY IT!

The sale will close in 30 days with no contingencies for financing or repairs.  Should there
be any bumps in the road, we also have the under bidder on contract for $1,000 less
and he really wants the house too.

Is our client happy?  He’s over the moon happy and relieved, along with his entire family.
Now grandpa can finally move on with his life!

What can we auction for you? We’re now signing auctions for May and June.
Call today for a confidential discussion to determine whether your real estate is a good
candidate for auction.
Linda Mardi 



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Michael Hoffman
Michael Hoffman & Associates - Pickerington, OH

Nice thread.  Good job on using the auction method of marketing to help your client.

Apr 10, 2009 02:48 PM #1
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