HOME AUCTION VS FORECLOSURE
One creative and new idea to the Portland market is home auctions... It seem like the only way to compete with surplus of foreclosures in Portland. I feel terrible for the home owners that were so responsible to keep up on their payments and then go to sell and only find their home sitting on the market because of this housing crisis. For this reason we have started www.portlandHOMEaucton.com.
Today I met with Greg Stephens from Paraclete Properties LLC to get a better understanding on how his company works. I must say that he is a very enlightened individual with some great vision. We discussed marketing ideas for the home auction (www.portlandhomeauction.com) among other things. Greg has some great and original ideas for selling homes in the Portland market. He really seems to have the short sale process "dialed in". That's great because we are seeing more and more short sales and foreclosures these days... Sorry to say that more on the way too. During the meeting I couldn't help but notice an interesting face about real estate... %84 of home buyers research homes online before they buy. That was from the National Association of Realtors website. This goes to show the power of web generated leads. This is a new generation of home buyers and it's up to your Realtor to keep up on all the technology or you and your home will be left by the "river" of homes being sold every month... Yes.. I did say river. It may not be as big as 2004 but it's still there and deals are being closed every month.
Best of luck Friends,
Aaron Majors
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