RealEstateAuctions.com Blog

Orange County Auction Market Heating Up

42 closed auctions between 1/1/11-12/31/11 33 closed auctions between 1/1/12 – 6/30/12 70 closed auctions between 7/1/12 – 12/31/12 46 closed auctions between 1/1/13 – 5/19/13 Call it auction fever; call it a trend. It doesn’t matter what you call it, because numbers don’t lie, and these numbers tell a simple story: AUCTIONS ARE BECOMING …

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Selling Your Home in Today’s Market

Selling your home can be a challenging process in this current market . While no home sale will go without some challenges, frequently made mistakes should try to be avoided. Some sellers get emotionally attached to their properties. Sellers should try to see the sale from the buyers perspective and be open to feedback on …

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Real Estate Agents Benefit From Auctions

Real estate agents in the West Los Angeles area have a unique opportunity to benefit from auctions provided by RealEstateAuctions.com. Whether you sell commercial or residential property, you can put the marketing power of one of our auctions to work for you and still receive your full listing side of the commission that you’ve negotiated …

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Inquiring Minds Want to Know…What is a Real Estate Auction?

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Taking the Leap From Tenant to Kenosha Homeowner

Each day, any number of tenants see the perfect Kenosha house for sale, yet fail to go ahead and investigate further. Making the move from tenant to homeowner is, after all, one of life’s major decisions — so no matter how perfect such a find might be, making the leap can seem daunting. According to …

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Orange County Auction Market Heating Up Selling Your Home in Today’s Market Real Estate Agents Benefit From Auctions Inquiring Minds Want to Know…What is a Real Estate Auction?Taking the Leap From Tenant to Kenosha Homeowner

May
20

Orange County Auction Market Heating Up

Categories:

Auctions

by Jason Piazza

May 20, 2013

Blog author Jason Piazza is a Business Development Executive in the North Coastal Region of Orange County, CA for RealEstateAuctions.com

42 closed auctions between 1/1/11-12/31/11

33 closed auctions between 1/1/12 – 6/30/12

70 closed auctions between 7/1/12 – 12/31/12

46 closed auctions between 1/1/13 – 5/19/13

Call it auction fever; call it a trend. It doesn’t matter what you call it, because numbers don’t lie, and these numbers tell a simple story:

AUCTIONS ARE BECOMING THE NEW NORM FOR REAL ESTATE ACQUISITION AND DISPOSITION.

The numbers posted above are only the properties that were listed on the MLS as “Auction” properties, and about half of them were standard, equity sales. There are many other auctioned properties in Orange County which weren’t in the MLS because several are auctioned at the court house steps and others are auctioned by our competitors who don’t list in the MLS (which is a mystery to me, but hey…their loss…shhhh). Also, lots of auction sales are listed improperly in the MLS either as “REO” or “Short Sale.”

The auction trend makes sense for the OC really: we’re in a scalding hot market right now where properties are receiving multiple bids within hours of listing which creates a silent auction wherein buyers don’t know what they need to bid to win. Apparently there are some savvy agents in my market who have recognized the need for an auction.

So don’t wait. Get on board. If you’re thinking about selling your home, office building, industrial complex, vacant land, or multi-family unit, then contact RealEstateAuctions.com today!

We have a multi-property, ballroom style auction coming up on June 29th, 2013. It’s our Northern California real estate auction and we won’t be accepting new listings after June 8th to allow proper time for marketing and preparation.

See you at the auction block…..

Blog author Jason Piazza is a Business Development Executive and Team Leader for RealEstateAuctions.com covering the North Coastal Region of Orange County, CA. For more information about how to buy or sell a property, contact Jason at 949-400-8086 or JPiazza@RealEstateAuctions.com.

Tags: Jason Piazza, Northern California real estate auction, Orange County auction market

Permanent link to this article: http://www.realestateauctions.com/blog/auctions/orange-county-auction-market-heating-up/

May
20

Selling Your Home in Today’s Market

Categories:

Auction Sellers

by Efren DelRio

May 20, 2013

Blog author Efren Del Rio is a Business Development Executive in Los Angeles for RealEstateAuctions.com

Sellers should try to see the sale from the buyers perspective and be open to feedback on what the buyers like and don’t like about the property for sale. Sellers putting up a home for sale can invite comments from todays buyers who are extremely critical . While you might think the finishes you have chosen are good, there are future buyers who would change everything you painstakingly worked on to get the home ready for sale.

Don’t list your home for sale until its ready to be shown. Some real estate agents are eager to publish the listing as soon as possible. An unkempt home will be unattractive and ultimately affect the offered price.

This leads us to the most important factor: Do not overprice the home. Every seller is in this to make money and wants the highest price possible. Overpricing a home will greatly reduce the number of showings and thereby lengthen the amount of time before offers are presented. This also leads to increased days on the market, which in turn leads to lowball offers. If you have a home for sale in the Los Angeles area, let me give you my expert price opinion and show you all the benefits of a real estate auction.

In today’s market where inventory is at an all-time low, some sellers are using creative tactics to attract new buyers. Price is the determining factor in selling real estate. Sellers are pricing the properties at an extremely low asking price, thereby creating a feeding frenzy that sometimes drives up the price over the desired asking price. It’s a bit of a gamble, but this is being seen in many major cities that are experiencing low inventories of available homes for sale. In closing we have one truth that is and always will be evident: Supply and demand has and always will drive the real estate market.

Efren Del Rio is a Business Development Executive and Team Leader in Los Angeles County for RealEstateAuctions.com and also serves as the company’s state broker in California. Contact him for more information about this blog, or about Los Angeles auctions in general, by calling 323-481-3598 or emailing EDelrio@RealEstateAuctions.com.

Tags: Efren Del Rio, Los Angeles auctions, real estate auctions

Permanent link to this article: http://www.realestateauctions.com/blog/auction-sellers/selling-your-home-in-todays-market/

May
20

Real Estate Agents Benefit From Auctions

Categories:

Auction Agents

by Craig Higdon

May 20, 2013

Blog author Craig Higdon is a Business Development Executive in Beverly Hills and West Los Angeles for RealEstateAuctions.com

RealEstateAuctions.com is a “broker friendly” auction company that works with agents. We can take your listing and place it into one of our multi-property auctions, like our upcoming Southern California real estate auction, and let you benefit from the mass media marketing that we do through billboards, radio and television. Imagine the number of buyers who will be exposed to your property through these media in addition to all of the online and local marketing techniques that are used to generate interest.

Another benefit the auction format provides is that all buyers become “equal.” This is because properties are sold on an “as is, where is” basis. There are no buyer contingencies to potentially upset the sale. All due diligence is done prior to the auction and buyers come to the auction ready to buy. This means that all-cash offers and financed offers are equal. The winner buys the property or loses a substantial deposit (as much as 10% of the final purchase price). This means no “choosing” the best offer, potentially leaving money on the table as other buyer offers are not countered based upon the terms of sale.

Finally, the buyers are bidding against each other in an upward price movement and not negotiating with the seller in a downward price process. Buyer offers are transparent to other buyers and the winning bidder can take the price as high as he is willing to go, often exceeding what the seller was seeking for his property.

So whether you have a “hot” property or one that has had difficulty moving, I strongly suggest that you consider utilizing a real estate auction to maximize your seller’s sales price and your commission. If you would like to discuss this option in detail, please don’t hesitate to contact me.

Craig Higdon is a Business Development Executive and Team Leader in Beverly Hills and West Los Angeles. For more information about the topic of this blog, about Beverly Hills auctions and West Los Angeles auctions in general, or to discuss how to put an auction to work for you, call Craig direct at 310-857-6912 or email him at CHigdon@RealEstateAuctions.com.

Tags: Beverly Hills auctions, Craig Higdon, Southern California real estate auction, West Los Angeles auctions

Permanent link to this article: http://www.realestateauctions.com/blog/auction-agents/real-estate-agents-benefit-from-auctions/

May
20

Inquiring Minds Want to Know…What is a Real Estate Auction?

Categories:

Auctions

by Albert Tressel

May 20, 2013

Albert Tressel is a Business Development Executive in South Palm Beach County, FL for RealEstateAuctions.com

Living in “paradise” as we do here in South Florida, my wife and I were enjoying some pool time in our backyard this past weekend and were joined by several of our neighbors. All of my neighbors know that I am in the real estate industry, so the conversation eventually led to how the real estate market is doing and how are values for real estate going… up or down, etc. Naturally, I told them that I am also now involved in real estate auctions, and specifically South Florida auctions.

Well, that started the questions flying! How does a real estate auction work? That’s only for foreclosed properties, right? (No! That’s an auction myth!) How do buyers bid on the properties? Is it online only or are there local auctions held that you can attend? How do you view the properties that are up for auction?

I now had a rapt audience listening to every word and the questions kept on coming. For at least the next half hour or so, we talked about real estate auctions. The general public is very interested in the auction concept of marketing real estate. It is my job to inform them of all the options to consider whether they are buying or selling real estate here in South Florida.

There are informative and interesting answers to all the questions posed above by my neighbors, and I’ll be sharing them from time to time on the pages of this blog. Please feel free to contact me with any questions of your own and I’ll be happy to reply!

Albert Tressel is a Business Development Executive and Team Leader for RealEstateAuctions.com. For more information about South Palm Beach County auctions, Boca Raton auctions and West Palm Beach auctions, contact Albert by calling 561-602-1973 or emailing ATressel@RealEstateAuctions.com.

Tags: Albert Tressel, auction myth, real estate auctions, South Palm Beach County auctions, West Palm Beach Auctions

Permanent link to this article: http://www.realestateauctions.com/blog/auctions/inquiring-minds-want-to-knowwhat-is-a-real-estate-auction/

May
20

Taking the Leap From Tenant to Kenosha Homeowner

Categories:

Buyers

by Terrance Quezaire

May 20, 2013

Blog author Terrance Quezaire is a Business Development Executive in Southeast WI for RealEstateAuctions.com

According to the Rental Protection Agency, by May 5th there were more than 107,000,000 renters in the US — a number that increases by 2,600 a day. In other words, if you are a little unsure about snapping up even the most perfect Kenosha house for sale, you are hardly alone. Still, there is that nagging suspicion that homeownership brings substantial financial advantages to some people…

Fortunately, there are concrete indicators that when a Kenosha house for sale looks like a good fit for your family, it will be a good fit for your financial future, too. As a rule, if you qualify for a mortgage, you stand to benefit from homeownership, too.

One of the main reasons people don’t take advantage of an otherwise ideal house for sale has to do with their credit history. Qualifying takes a credit rating that pencils out to merit a mortgage with beneficial terms.

If you have savings that are substantial enough to serve as a down payment (generally somewhere between the FHA’s 3.5% to as much as 20%), or lucky enough to have a NACA HUD advocacy group in your local area which is still offering buyers a no money down option with no closing fees; you have an important leg up.

Importantly, in the big picture, you need to gauge your overall financial stability. No one can see 100% into the future, but even if a Kenosha house for sale is a great value and ideal for you, unless your income has been steady for at least two years, you probably should wait (and most lenders would agree).

With good to fair credit, savings for a down payment, and a steady income, you are likely to belong to the group which sees substantial long term benefits from homeownership. If you find a Kenosha house for sale that seems well suited to your needs, here’s an undaunting first step: call me today to help get you pre-qualified!

Terrance Quezaire is a Business Development Executive, Team Leader and licensed real estate sales professional in Southeast Wisconsin for RealEstateAuctions.com. Terrance welcomes questions about the strategies discussed in this blog post as well as Waukesha County WI auctions, Jefferson County WI auctions, Kenosha County WI auctions, Racine County WI auctions and Southeast Wisconsin auctions in general. Call him at 262-358-6585 or send him an email at TQuezaire@RealEstateAuctions.com

Tags: Kenosha County WI auctions, Kenosha homeowner, Kenosha house, Racine County WI auctions, Terrance Quezaire

Permanent link to this article: http://www.realestateauctions.com/blog/buyers-2/taking-the-leap-from-tenant-to-kenosha-homeowner/

May
20

Touchdowns and Auctions, Closer Than You Think

Categories:

Auctions

by Gayle Lee

May 20, 2013

Found myself visiting home and family this weekend. Home is in Perry, Florida (Taylor County) and includes some of the best hidden treasures along the gulf coast. I decided to take a drive to the coast from Perry (15 minutes), first because I love it and second because I needed to look at some potential auction properties. Always have a flood of memories overwhelm me when I find myself at the likes of Dekle Beach, Keaton Beach or any of the other small coastal communities in north Florida. Many of my most fondest childhood memories include summers staying at the coast, fishing, boating, gathering blue crab, gigging flounder and just soaking up the sun and salt air.

Anyway, back to real estate auctions. I found myself looking out over the gulf from one of my potential auction properties watching the daily fisherman headed back to shore, and just enjoying viewing all the people go about their business, thinking “Wow! What a great property for an auction and maybe on this actual spot itself.” For those new to auctions, that would be what we call an onsite stand-alone auction. A great option for those one of-a-kind unique properties. In this case instead of “on the lawn”, it could be “on the sand” at the actual property to be auctioned.

By the way, auctions are a great way for property owners to sell. Lots of benefits over the more traditional methods of real estate transactions including:

1. Sellers get to choose the date their property will sell.

2. Buyers are prequalified, and only they can bid.

3. The property through mass marketing efforts is seen by thousands

4. The property sales close quickly, usually in 30-45 days and often sooner. There are many other advantages but those are some of the main ones.

Well,I took my property pictures but kinda took my time so that I would not miss the sunset. And it was a gorgeous sunset to boot, well worth the wait. Oh my, I started anticipating and visualizing the excitement and build-up to a possible auction of the property. It was not difficult to start imagining several bidders competing with each other for the property. If you’ve never been to a real estate auction you should try and find one and attend as a spectator. Hard not to get caught up in the excitement just observing . The first auction I attended a few years ago made me want to go out and buy some property just so I could sell it at an auction and watch the bidders get enthused and excited about spending money for my property. Bidders get excited because they see themselves getting a deal, and it’s called the “winning bid” and people love to win and then everyone around cheers when the gavel comes down and you hear SOLD! SOLD! In auctions, it’s kinda like the TOUCHDOWN! of college football. Both college football and auctions have huge build ups, advertising, excited people, crowds, music, refreshments and both have a winner. And It doesn’t get any better than that! I know there is endzone touchdown dance, hmm…perhaps there should be a “winning bid” auction dance too ! Maybe I will see if I can get something started at my next auction . I can’t wait to find out.

Gayle Lee is a Business Development Executive and Team Leader in Alachua County, FL for RealEstateAuctions.com. Contact Gayle for information about real estate sales positions on her team and about Alachua County auctions by calling 352-258-5380 or emailing Glee@RealEstateAuctions.com.

Tags: Alachua County auctions, Dekle Beach, Gayle Lee, Kenton Beach, Perry FL, real estate auctions, Taylor County FL

Permanent link to this article: http://www.realestateauctions.com/blog/auctions/touchdowns-and-auctions-closer-than-you-think/

May
20

Auctions Are Perfect for Properties Currently Listed

Categories:

Auctions

by Cindy Jones

May 20, 2013

Blog author Cindy Jones is a Business Development Executive in Riverside County, CA for RealEstateAuctions.com

It is amazing what can happen in an online bidding or live auction setting. Properties tend to move fast and if currently listed the listing agent still gets paid. Co-opting is a strategic plan that works. Unique properties are perfect for auctions and are being considered more often as an alternative way to move inventory. RealEstateAuctions.com has local, boots-on-the ground agents in hundreds of markets throughout the U.S., currently or in progress, who work the transaction through closing and in a co-op setting.

When you pull all parties to the transaction together (buyers, sellers, listing agent, buyer’s agent and the auction house, too) the results are usually very positive for all. Buyers and investors who really want a certain property have that opportunity in a transparent setting. They will know what it takes to buy it and what they are up against. This is the spirit of classic, competitive bidding that typically fuels the bidders’ desires and also greatly benefits the seller, too.

The seller has the opportunity to get more offers at a live real estate auction from serious buyers who know what they want. Online auction bidding does not have the same embodiment of a live auction but does have the same transparency. All parties know what the other offers are and what the amount it will take to win the bid. It is not a secret or a game; it is a smart way of buying—and selling—real estate of virtually any kind.

Cindy Jones is a Business Development Executive and Team Leader for RealEstateAuctions.com in Riverside County, CA. Contact Cindy for more information about Riverside County auctions by calling 949-244-1300 or emailing her at CJones@RealEstateAuctions.com.

Tags: Cindy Jones, co-opting, online auction bidding, real estate auction, Riverside County CA auctions

Permanent link to this article: http://www.realestateauctions.com/blog/auctions/auctions-are-perfect-for-properties-currently-listed/

May
19

The Buzz Is In the Air. We’re Growing Again!

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by Eric Magpali

May 19, 2013

Blog author Eric Magpali is the Southern California Regional Director for RealEstateAuctions.com. He also covers the State of Hawaii.

Wow! To look back at the last six months and see where we were as a company to where we are now and what’s ahead is so exciting! I remember the first day coming into the company here in Southern California – we only had five territories covered (five in the entire State of California!). Today, we have a total of 32 of 40 territories covered and filling up fast. Every day, I have an opportunity to speak with many agents across the country discussing how RealEstateAuctions.com is the fastest-growing auction company in America and the word is definitely out there. The buzz is in the air and we began feeling it a while ago.

We ended 2012 with strong growth in the number of Team Leaders and Project Managers that we have inside our company. Now looking forward, it certainly looks like we have many stronger months ahead. Our company’s training and strategies really set our agents apart from all other ‘traditional’ agents out there. By being an auction-focused agent with RealEstateAuctions.com, they can all eliminate competition by being able to offer something different in and around their market and by providing a service to the sellers out there looking to sell their property by way of auction. On the same note, when we work with traditional agents, our main focus is to help them and offer something different than their current methods – the solution is the Real Estate Auction. We have Northern California, Southern California, Texas, Illinois, Florida, Philadelphia auctions coming up, all readily accessible via our handy Auction Calendar. Make sure you get to one of them because once the gavel hits the block, we just helped another person, another family, find the solution they were looking for.

Eric Magpali is a Regional Director for RealEstateAuctions.com, overseeing 22 markets in Hawaii and Southern California. Contact him for more information about Realtor® opportunities in his region, about the subject of this blog post, or about Hawaii auctions and Southern California auctions by calling 714-882-9433 or emailing EMagpali@RealEstateAuctions.com.

Tags: auction calendar, Eric Magpali, Hawaii auctions, Southern California auctions

Permanent link to this article: http://www.realestateauctions.com/blog/auctions/the-buzz-is-in-the-air-were-growing-again/

May
18

Introducing a Seller to the Auction Concept

Categories:

Auction Sellers

by Wendy Bauman

May 18, 2013

Blog author Wendy Bauman is a Business Development Executive in Alameda County, CA for RealEstateAuctions.com

Recently, I was referred to an acquaintance of a friend to help them sell their house.

Jeannie was happy to make an appointment and get a sense of what her house might be worth and to figure out how to get it sold.

As I drove over to the house I wondered how open she and her partner might be to the idea of a real estate auction. My new business cards have auction all over them, so, no question of what I think.

They showed me around and introduced me to their two year old, Mike, who kept things lively.

They had purchased the house as a foreclosure and had done some great upgrades. The kitchen is cozy and warm, there’s an extra alcove for a study/play space. Lots of original detail. The large, fire placed living room spilled into the dining area. Fruit trees in the yard. Good vibes all around.

When it was time to sit down and explain the marketing side of things I didn’t hesitate. I told them the possibility of selling through an auction might net them more than even multiple offers could produce. Explaining the transparency to them made them smile. It was extremely appealing. In their early thirties, they had never heard of doing an auction for real estate, but got it right away when I asked them if they had ever bought or sold on eBay. “Wow,” said Jeannie, “you mean we get to see what’s happening the whole time and the buyers can decide what works for them right there and then? That makes so much sense. That’s how real estate should be sold!”

Since they will be moving at the end of September, they are looking forward to our July auction.

Needless to say, she made my day.

Wendy Bauman is a Business Development Executive and Team Leader for RealEstateAuctions.com in Alameda County, California. Contact her for more information about all the great benefits of auctions, or about Alameda County auctions specifically, by calling her at 510-858-0005 or emailing WBauman@RealEstateAuctions.com.

Tags: Alameda County auctions, real estate auction, Wendy Bauman

Permanent link to this article: http://www.realestateauctions.com/blog/auction-sellers/introducing-a-seller-to-the-auction-concept/

May
17

Up or Down? The Walmart Effect on Home Values

Categories:

The Real Estate Market

by Lewis Kaplan

May 17, 2013

Blog author Lewis Kaplan is a Business Development Executive and Team Leader in many of Chicago’s north and northwest suburbs for RealEstateAuctions.com

Mary Ellen Podmolik wrote an interesting article last June for the Chicago Tribune titled: The Walmart Effect on Home Values. Below are excerpts of the article along with our comments.

Feelings on the retail juggernaut Walmart are highly controversial and extremely mixed from person to person. Some people love the low prices and location convenience often associated with the store. Others strongly oppose the alleged negative effect that it has on local business, as well as the decline that comes with wages. There are several Walmarts in the Chicagoland area.

However the effect a Walmart has on a housing market surrounding it is not something that brings forth a clear answer. Maybe people dislike having one around because the increased traffic and noise, yet maybe people would prefer one nearby because of the prices and ease of doing their shopping. University professors and brothers Devin and Jaren Pope decided to find out.

Their research of more than one million home sales between 1998 and 2008 showed that homes within a half mile of a Walmart increased between 2 and 3 percent, while homes up to a mile away from a Wal-Mart increased around 1 percent. In dollars this translated to about $7,000 and $4,000 respectively.

The results that were uncovered were not very surprising. It was a minor shift one way, and one which I personally would have guessed. With the downturned economic situation, it makes sense that more people would put a small value on lower priced goods that were so close nearby.

Lewis Kaplan is a Business Development Executive and Team Leader for RealEstateAuctions.com in the Chicago area, covering many of the North and Northwest Suburbs. Reach Lew by phone at 847-280-3200 or via email at LKaplan@RealEstateAuctions.com to discuss the topic of this blog post or to discuss Chicago auctions, Cook County IL auctions and suburban Chicago auctions.

Tags: Chicago auctions, Cook County IL auctions, Lewis Kaplan, suburban Chicago auctions

Permanent link to this article: http://www.realestateauctions.com/blog/the-real-estate-market/up-or-down-the-walmart-effect-on-home-values/

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