Ever heard the saying, “Don’t judge a book by its cover”? One of the wealthiest people I’ve ever met was a man in our church in Southeast Florida. His appearance would have never revealed his prominent financial status. He was a soft spoken, well-mannered older gentleman, clean and well-groomed, but I never saw him dressed …
Tag Archive: Florida auctions
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May
17
Auction Myth: Sales Method of Last Resort
If you have checked your television’s guide channel lately, have you noticed a trend? As you scroll through the hundreds of networks and program choices, sprinkled throughout the myriad of television show listings you will find a surprising number of auction-style programs such as Antiques Roadshow, Auctioneer$, Auction Hunters, Auction Kings, American Treasures, Cash in …
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May
10
Auction Myth: Distressed or Foreclosed Properties Only
“So, does your company auction strictly foreclosed properties and short sales?” That’s a question I am frequently asked when discussing what I do with RealEstateAuctions.com. It doesn’t seem to matter who the individual is or what their career or professional affiliation happens to be. It is a relatively common misconception, or what my colleagues and …
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Apr
20
From Rare Books to Real Estate, Auctions Get it Sold
According to the AP in New York, a tiny hymnal from 1640, believed to be the first book ever printed in what is now called the United States, will be going to auction. They project, because it is such a rare and historical piece, that it could sell for as much as $30 million! The …
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Apr
05
Use Auctions for Non-Distressed Properties? Of Course!
After thirty-plus years of explaining to people that auctions are for all types of properties, not just distressed properties, I continue to hear agents tell me that if they know of anybody at the bottom of the market who needs to sell, they will call me. Can you see me shaking my head? Just a …
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Mar
19
Choose an Auction for Your Most Precious Asset
Recently I came across an article in Forbes about a 101-carat flawless diamond that Christie’s is going to be auctioning. They say this is the world’s largest flawless diamond to ever be offered at auction. This is a 101.73-carat, pear-shaped D color, type IIA flawless diamond. This got me thinking about how many of the …
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Mar
06
Auctions Misunderstood by So Many
The one thing I hate to hear when discussing auctions with someone is that auctions are for distressed properties only. Such auction myths have persisted for ages and will continue until the public becomes educated about the realities of selling real estate at auction. In fact, most distressed properties in the U.S. are sold at …
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Feb
11
Auctions Can Convert Real Estate to Cash, Fast!
We’ve all heard that smart money moves fast. This concept is especially true when applied to real estate auctions. Whether you are a buyer, a seller or a broker, real estate auctions provide an accelerated method of buying and selling, resulting in fast sales, fast closings and fast cash. Why would a seller want to …
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Feb
04
Real Estate Auctions: Live or Online-Only?
I am an auction purist. In other words, I’m a person who believes that a bona fide auction employs competitive bidding amongst qualified buyers to establish fair market value. Real estate auctions are widely available nationwide through various means, including online bidding, live auctions on-site, and off-site events, or a combination. Buyers certainly want …
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Jan
14
Real Estate Auctions Being Scheduled Now for 2013
Why would anyone choose to wait to sell a piece of property, whether residential, commercial or vacant, when the property can be sold on a specific date and time at public auction? Anybody have the answer? Well, people get set in their ways, follow conventional wisdom and the backlog of properties that could and should be …
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