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Selling Houses by Auction?

By Ron Taylor

Services for Real Estate Pros with Ron Taylor and Sons Real Estate and Auctioneers

April 07, 2008 09:05 AM

How would you like to sell your home in 30 to 60 days, receive a contract without any contingencies? Have you started packing yet?

Hi, my name is Ron Taylor. I'm a real estate broker and auctioneer here in the state of North Carolina. Prior to becoming an auctioneer, when I first heard the word "auction" with regards to real estate, I thought about foreclosed properties, government seized or bank owned (REO) real estate. How wrong I was! While it is true that these kinds of properties are still being sold by auction today, times are a changing.

It has been projected that in a few short years, 30% of all real estate will be sold by auction. According to recent data released by the National Association of Auctioneers, [NAA], during the period 2003-2007, residential real estate sales by auction increased 46.6%, land and agricultural 36.3%, and commercial and industrial real estate sales by 32.7%.

As a real estate agent or broker, I'm sure you have questions regarding as to how you can make more money through auctions. Let me suggest you visit my website at http://www.cansellnow.com/ and read the information about real estate auctions, then post your questions here. Please note that not all homes will qualify for an auction.

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Carlie Pardue

Placer Title Company - Roseville, CA

Hi Ron. I am glad to hear that auctions are working in some parts on the US. It seems like all of the auctions I have heard about in CA aren't all that they sound like. I am glad they are working for you in NC!

Apr 07, 2008 09:17 AM

Ron Tarvin

Residential, Investment properties, rehab projects, property management, luxury homes, new construction! - Katy, TX

Broker, Katy, Houston, Cypress 77450,77494,77095

How do you account for price vs finding the right buyer Ron? I mean, as a REALTOR® who lists homes for sale and sells the homes I list (only 2 in the last 4 years that have not sold during their listing period), I know that we get all kinds of offers throughout the listing period but what it comes down to is the RIGHT buyer for that house. How many times have I worked with a buyer and heard, "I would like this house at the right price" and that "right price" might be thousands off of true market value. I would think that AUCTIONS would mean that if that right buyer were not in the auction that day, your home could potentially sell for a lot less than otherwise.

Heather the Realtor Orlando, Lake Mary

LemonTree Realty - Orlando, FL

First Time Home Buyers, Bank Owned Homes

I am going to do that I have heard that selling your listings via auction can be a great idea and really stimulates sales. I am going to check out your website now.

Apr 07, 2008 09:21 AM

Mary Anne S. Daly

Stearns NMLS #232164 CA BRE #01380812 - Mill Valley, CA

Queen of the Loan & Radio Broadcaster

Informative post, Ron. I'm going to check out your website. Interested in finding out how the process works as I'm getting calls from people who bought at the height of the run up in "values". One new client told me her mtg broker falsely told her she could refi in 1 YR, but she had a 2 YR PP.

Apr 07, 2008 09:30 AM

Selling Houses by Auction?

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