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Good Market Or Bad Market, Auctions Work.

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Services for Real Estate Pros with Homes Plus Realty, llc, 3095874

Auctions work in good and bad markets.

Most people believe that an auction works best in a down market. That is not always correct. In the last buyer's market we could get sellers higher prices because we would bring many buyers to the auction. Then the bidding would start and the starting price would rocket up, pushed by the many people who wanted the same property. The competition of a group of buyer's can prices far above what the normal real estate sale might have been. Most important is the word Auction in the advertisement that we place in a major newspaper. It would bring large numbers of buyers and all were usually ready to buy. Auctions work in good and bad markets and usually bring higher prices.
Bob Calistri, Broker
Real Estate Auctions, llc

www.realestateauctionsllc.com

bob@realestateauctionsllc.com

Comments(3)

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Tom Wood
Ad Maker Tool & Real Estate Auction Systems - Ballwin, MO

Bob,

I definitely agree with you.  I think an auction can even be better in a good market than in a bad market, but the key is always getting the buyers interested and involved.  Great post

Oct 23, 2008 12:15 PM
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

I have considered using an auction to sell excess inventory - but I had concerns about the perception of a fire or distressed sale.  Any thoughts? Since it isn't directly related to your post, send me an e-mail directly.  Thanks.

Oct 26, 2008 03:39 PM
Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

Is yours an absolute or reserved auction. We have been experimenting with reserve auctions if for nothing else than to get the price down.

Nov 09, 2008 01:06 PM