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Will The Feds Make the Lenders Whole?
10 November 08 02:16 PM | realestateauctions | with no comments
Recently, I received a few calls from some real estate investor friends of mine here in North Carolina venting their frustration with working out short sales with some lenders. It seems some lenders are stalling in making any decisions as to whether they...
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Nationalizing the Financial Institutons
23 September 08 08:48 PM | realestateauctions | with no comments
As I write this, I realize that much can change this week with regards to the Feds final plans and Congressional approval to rescue the banking industry. So what I am about to say is based upon what is currently being proposed. I also realize that what...
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Should Realtors Become Auctioneers?
11 September 08 12:33 PM | realestateauctions | 45 comment(s)
I received an interesting phone call from a realtor in California. She had read some articles I had written about using an auction as a first choice method of selling a home, rather than as a last option. Her question to me was this, “Should I become...
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IS THERE A REAL ESTATE TURN AROUND IN THE MAKING?
25 July 08 10:26 AM | realestateauctions | with no comments
In an effort to turn around the depressing attitude of many realtors across the country because of the market we are in, some local North Carolina real estate publications are trying to put a positive spin on the market by stating that 2009 will be good...
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UNDERSTANDING THE DIFFERENCE BETWEEN AN ESTATE SALE AND AN AUCTION
18 July 08 09:19 PM | realestateauctions | 1 comment(s)
My mother recently passed away leaving property, both real and personal, to me, my two sisters and brother. My dad died a few years earlier. He was a pack rat, never willing to throw anything away. He was always buying things that he felt was a good deal...
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Who Pays the Marketing Fee for a Real Estate Auction?
11 June 08 08:03 PM | realestateauctions | with no comments
The simple answer to the question is the seller pays the marketing fee but it can be paid in various ways. In today’s upside down real estate market where the seller normally needs to sell quickly, the auctioneer will find that many homeowners are...
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Passive Seller vs. Motivated Seller
03 June 08 09:00 PM | realestateauctions | with no comments
We receive calls from homeowners who are considering an auction as a method of selling their home. These potential auction sellers will basically fall into two categories: a passive seller or a motivated seller. The passive seller has a predetermined...
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What is a Ringmen?
29 May 08 02:58 PM | realestateauctions | with no comments
I recently went to a large auction out of curiosity. I didn’t bid but just watched. I saw men and women jumping around, moving among the crowd, yelling, “Yes” or “Yep” or something to that affect, flinging their hands up...
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What If My House Doesn’t Sell at Auction?
25 May 08 08:01 PM | realestateauctions | with no comments
There are basically two type of real estate auction. An “absolute” auction is where the property is sold to the highest qualified bidder with no limiting conditions or amount. The seller may not bid personally or through an agent. Also known...
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What If My House Doesn’t Sell at Auction?
22 May 08 09:48 PM | realestateauctions | with no comments
There are basically two type of real estate auction. An “absolute” auction is where the property is sold to the highest qualified bidder with no limiting conditions or amount. The seller may not bid personally or through an agent. Also known as an auction...
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A Real Estate Auction Should Not Be A Last Resort Method
16 May 08 06:32 PM | realestateauctions | with no comments
Someone recently asked me if an auction should be the last resort to sell their home. She and her husband lived in a nice neighborhood where the homes and yards were kept in pristine condition. They thought their home would sell pretty fast. They had...
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Consignment Auctions
14 May 08 08:31 PM | realestateauctions | with no comments
Consignment Auctions My mother recently passed away and left her home and furnishings to me. My husband and I want to move into the home but we do not need all the furnishings. I don’t want to do a “yard sale” as I feel some of her things are of value...
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Do I need an Auctioneer?
12 May 08 05:42 PM | realestateauctions | with no comments
Do I need an Auctioneer? I own my home and have been thinking about selling it and moving to another state. I have talked with several realtors and just can’t get excited about listing my home with them, especially in today’s real estate market. I need...
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