Has Anyone Ever Sold A Home At An Auction I Have 2 That I Am Considering
im not sure if this is the best forum to post this but im interested in selling a home via auction its been on the market for 4 months...i was trying to make 30k on it but ill be happy with 10k now its long distance and i cant keep an eye on it like i want to.
yeah i ve heard of that book....if i go that route seem like a good experience...thanks
djmadmike,
Glad to meet.
First you will need some input from someone who understands the correct terminology when using the auction method to sell your properties.
When you sell without a reserve it is called an ABSOLUTE auction meaning the property is sold to the highest bidder regardless of price.
A RESERVE auction is where you set the lowest price you will except for the property and it is the Auctioneers job to receive more than that price.
You want an Auctioneer who uses both on site and online methods thus your property will receive greater attention.
Why keep it listed in the MLS as these folks did not get the job done in the first place, they hoped they could work for half pay and left it up to someone else to get the job done.
The auction method of selling properties last year alone was over $54 Billion dollars and expected to rise higher this year.
John $Cash$ Locke
[addsig]
thanks john those are alarming numbers billions not millions?
i like the way this sounds i will get back to you thanks everyone for the input
Quote:
On 2006-07-04 09:50, djmadmike wrote:
thanks john those are alarming numbers billions not millions?
The average house in American was almost 300k for 2005
http://investmenttools.com/median_and_average_sales_prices_of_houses_sold_in_the_us.htm
At that average, it would only take 180,000 homes to hit 54 Billion!
panicfilms,
It is a niche market overlooked by many, probably because they do not understand how it really works.
What I saw was thousands of homes that lingered on the MLS day after day and month afer month without selling, talk about motivated sellers who wanted to cash out now.
Difference is I did something about it, I enjoy telling them the exact day their property will sell and get paid for doing it.
John $Cash$ Locke
[addsig]
Quote:
On 2006-07-04 14:03, JohnLocke wrote:
panicfilms,
It is a niche market overlooked by many, probably because they do not understand how it really works.
What I saw was thousands of homes that lingered on the MLS day after day and month afer month without selling, talk about motivated sellers who wanted to cash out now.
Difference is I did something about it, I enjoy telling them the exact day their property will sell and get paid for doing it.
John $Cash$ Locke
Oh really? and what market would that be? Tampa Florida?
florida was special ...phonenix az very special
dj,
did you feel like my answer to your question was relevant to your situation?
You marketing your own property for sale.
yes ..but are you using a different alias?