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What is an “owner confirmation” auction?
06 May 08 10:14 AM | realestateauctions | with no comments
I recently attended a real estate auction whereas the auctioneer stated that the winning bid would be “subject to the owner’s confirmation.” Was this really a “reserve” auction? There is really no difference between selling real estate at an auction with...
California foreclosure "surge": Up 327% from '07 levels:
28 April 08 03:32 PM | realestateauctions | with no comments
I just read an article in the Los Angeles Times the other day that foreclosures are at an all time high. According to DataQuick, just in the first quarter of this year, foreclosures increased 327% from a year ago. DataQuick president Marshall Prentice...
How is the True Market Value of a Home Determined
21 April 08 09:46 AM | realestateauctions | with no comments
[ I know that we get all kinds of offers throughout the listing period but what it comes down to is the RIGHT buyer for that house. How many times have I worked with a buyer and heard, "I would like this house at the right price" and that "right...