NationalAuctionList Upcoming Auctions real estate auctions - Google News NAR ArticlesBy: Heather Seitz
If you been in the real estate investing business, or more specifically been flipping real estate, for more than a few days, you’ve inevitably gotten an email that reads something like this:
“Investor’s Dream. This property will go QUICK.
Property Address: 1234 Main Street
Asking Price: $100,000 (Add or subtract zeros!)
After Repair Value: $150,000
Repairs: $15,000
Profit: $35,000
Details: […]
Given recent economic events, many are saying that there is a housing bubble either waiting to burst or starting to deflate. Whether this is indeed the case, it appears that home sales have declined, leaving a glut of properties on the market, potential buyers looking for a good deal and sellers looking to get value out of their property before prices erode further. Could this be an opportunity for real estate auction?
With today’s real estate market, it is not uncommon for a property to stay on the market for 90 to 120 days. If the seller’s financial circumstances are not an issue, this can be a patient waiting period. For a person with stressed finances, this waiting period becomes a very stressful ordeal. While the first […]
Competition brings a sales contract at fair market value. The best way to get a buyer to pay more is to make him compete.
30 day closing: Your buyer has agreed to your terms and conditions or he doesn’t bid.
There are no contingencies. The sale will not terminate due to appraisal, inspection, or financing issues. Our […]
Exposure: While most traditional real estate listings are usually just listed in the MLS directory, many real estate auctions enjoy additional advertising and exposure. This can be in the form of an auction advertisement in the local newspapers, e-mail campaigns to realtors in the selected area, flyers on the property which are sent directly to […]
According to the National Association of Realtors, there are several ways to get involved in real estate auctions. Each level of involvement has an associated reward level based on the amount of time and effort invested by the realtor. If you would like more information, please contact the Broker Auction Team
The levels of involvement for […]