Special offer

Let the bidding begin!

By
Real Estate Broker/Owner with Ad Maker Tool & Real Estate Auction Systems

When it comes to selling real estate, there isn't anything more exciting than watching a bidding war take place over your listing. The seller is excited, you as the listing agent are excited and the buyers are excited to participate.

The above condo listing in Las Vegas is a great recent example. The seller had newly rehabbed this property and the winning bid well exceeded their "bottom line" price. At the same time the winning bidder got a good deal compared to other sales in the complex.

The important thing to remember when selling using an online auction is that you need to have scheduled open house "preview times" as well as good signage and marketing to let buyers know about it.

Buyers in today's market are looking for deals and the "auction" activity draws them in.

If you're interested in seeing more details about this auction Click Here

Mark Hall
Realty One Group Cascadia - Vancouver, WA
Homes for Sale Vancouver Washington

Seeing the bidding process for your listing is very exciting. Unless it is at a bank auction! lol. We don't have many private real estate auctions here. It would be very interesting to attend one.

May 06, 2010 03:28 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Tom.....

Bidding wars............can be better than sex................although everything has its moments........

May 06, 2010 03:30 AM
Tom Wood
Ad Maker Tool & Real Estate Auction Systems - Ballwin, MO

Mark,

Yes online bidding is exciting and a "live" onsite event often can have a lot of energy.  Definitely attend any chance you get.

Richie,

Great analogy, very funny!

May 06, 2010 09:00 AM
Mike Grigg
Elite Auctions - Bakersfield, CA
AARE, BAS

I am a firm believer in the auction process and feel that there is no better way to sell or buy a property!!  The process is completely transparent and lets the bidders see who they are bidding against (at least at a live auction) and it gets the competitive juices flowing.  Sellers realize what their home is worth in minutes as long as they are realistic!!

Jul 06, 2010 11:24 AM
Tom Wood
Ad Maker Tool & Real Estate Auction Systems - Ballwin, MO

Definitely Mike!  I agree 100% - Thanks for your comments.

Jul 06, 2010 03:37 PM