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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...
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...
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...
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...
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...
Using Credit Cards at an Auction
10 May 08 08:50 AM | realestateauctions | with no comments
Ron, I recently attended an auction in another state while on vacation. There were some nice pieces of furniture that were being auctioned. The auctioneer stated before the auction that they would accept credit cards for payment but they would charge...
AUCTION VALUE vs. MARKET VALUE
07 May 08 08:35 PM | realestateauctions | with no comments
How does auction value differ from market value? The differences between auction value and market value stems from the auction process itself. By this, I refer to several characteristics which are more dominant in the auction process than in the ”list...
When is an Auction not an Auction?
03 May 08 09:55 AM | realestateauctions | with no comments
Over the past six months or so, I have noticed an increase in the ads in the paper about auctioning homes. Here in the state of North Carolina, you must list your auctioneer license number in the advertisements and the property owner along with the terms...