Real Estate Auctions

By
Real Estate Sales Representative with Fieldstone Real Estate

Auctions are just one more tool, which can be good for both buyers and seller in today's market. As they are being used with increasing frequency, I get more and more questions... and I hear potential buyers saying things that they assume to be true.....but which are completely wrong. Sadly, I also hear inaccuracies about auctions and intimidation with the auction process from real estate agents.

So, as a Certified Auction Specialist, and an agent who works with both buyers and sellers, I thought I should make an effort to educate the public on the process. As it is a large topic, I will attempt to share what I know through a series of posts...which are intended to educate buyers, sellers and the general public.

Learn more - read these posts:

http://therealestatewhisperer.blogspot.com/2008/11/auctions-part-1-where-is-auction-being.html

http://therealestatewhisperer.blogspot.com/2008/11/auctions-part-2-types-of-auctions.html

 

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Topic:
Real Estate General Information
Location:
Virginia
Tags:
real estate investing
buying a home
real estate auctions
buying a foreclosure
selling by auction
buying at an auction

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Rainer
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Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

Have you ever encountered sellers or investors running bid sales, i.e. their own "silent auctions"?  Its a technique that is being used increasingly by investors to move slow properties.  From what I've seen, with some degree of success. 

 

Nov 15, 2008 09:23 AM #1
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Rainmaker
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Vicky Chrisner

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