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AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,000

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Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

SHELLY said:
That's the biggest problem with Florida's sagging RE market....the only folks left out there with the means/credit to buy, are folks who can knowledgeably and logically crunch the numbers. Only after the numbers start making sense, will the markets begin to move in a meaningful way.

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That is what is selling. If the numbers work it gets gobbled up pretty quick!
 
Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

The seller will absolutely sell the property if the minimum bids (reserves) that we have published are met.
 
Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

Com'on guys and gals. Why you picking on poor P.A.G.? Auctions used in this market are a gimmick. They aren't cheating anybody. Yes, they are charging a higher rate but who's fault is that? My broker told me 6%. I told him 5%. He said OK. If someone pays 10% for the perceived value of selling quickly, let 'em. That is not unethical. The seller is just dumb.

Are the people complaining real estate folks with sour grapes?
 
Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

Snacks? Did somebody say snacks?
:popcorn:
 
Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

I bet several potential buyers left a few auctions feeling cheated when they found out that the auctions had reserves. Not only was there money wasted on a trip to the auction, but there was also time wasted. I'm not sure which auction company it was that was bosting their minimum opening bid, but it was not a price which the seller would accept. When auctions are absolute w/o reserves, you will see buyers buying.
trying2makeabuc said:
Com'on guys and gals. Why you picking on poor P.A.G.? Auctions used in this market are a gimmick. They aren't cheating anybody. Yes, they are charging a higher rate but who's fault is that? My broker told me 6%. I told him 5%. He said OK. If someone pays 10% for the perceived value of selling quickly, let 'em. That is not unethical. The seller is just dumb.

Are the people complaining real estate folks with sour grapes?
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Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

SHELLY said:
I'm not a RE person <surprise!>, I have issues with any 'open house' that doesn't provide snacks.


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I agree to this. If you are going to take the time to get the balloons you gotta pick up the snack! C'mon agents! No snack, no open house!
 
Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

trying2makeabuc said:
Com'on guys and gals. Why you picking on poor P.A.G.? Auctions used in this market are a gimmick. They aren't cheating anybody. Yes, they are charging a higher rate but who's fault is that? My broker told me 6%. I told him 5%. He said OK. If someone pays 10% for the perceived value of selling quickly, let 'em. That is not unethical. The seller is just dumb.

Are the people complaining real estate folks with sour grapes?
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You guys still don't get it. The BUYER pays the 10%. The seller pays an upfront marketing fee. It is a beautiful biz plan for the auctioneer who virtually pays nothing and has no risk.

PAG's upcoming auction features 11 of 15 properties with an advertised reserve. What more could a buyer ask for? He sees the absolute minimum the seller will accept, add 10% and then if he feels it is a deal he goes to the auction and bids. No time wasted. No leaving with burnt feelings. He's going to an auction where he knows the price going in.
 
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