Real Estate Auctions

[Smiling JOe]

I've dated a VERY successful Auctioneer,( another story... won't bore ya) that works all over. He's known for his audience participations and that's the biggest advantage, in my opinion! He can pull money, out of a rabbitt's ****!:clap_1: :clap_1: :clap_1: Anyone interested, PM me.

Now that is an auction which I would like to see.

 

[Spencer]

I've never held an auction, just going by what others have said. I too would be suprised if auctions averaged that many bidders.

 

[Smiling JOe]

I have a friend who recently scored a new 2/2 townhome on 30A for under $200K at auction. It seemed the bank wanted some money from the developer, so, he auctioned off a few units. I found out in hindsight, otherwise that bidder would have been wearing my nametag. A great score for the buyer. ;-)

 

[Spencer]

Definately a good buy!

 

[mark pale]

Auctions are fantastic for a buyer in a down market, and excellent for sellers in a hot market. The absolute best time to buy is when its a buyers market, which is right now - and dont buy anything when its a sellers market. The interesting thing about this market is buyers are so skeptical and sellers are so nervous its pushing the prices down below what the equilibrium price should be. In other words - NOW IS THE TIME TO BUY! Its working for me, I bought 2 properties this year at auction and have done very well on both of them. I am not a realitor nor did I use a realitor when I turned around and sold them both.

 

[Smiling JOe]

Mark pale, not all auctions are great for buyers right now. Many sellers are not selling absolute, and have a substantial minimum. From what I see in auctions today, the majority of properties held at auction, are not selling at auction. I will be curious to see how much one particular property, being sold absolute auction this week, brings. We had it under contract last year for $5M+. Had the seller placed a little more realistic price on the mobile home to begin with, perhaps we would have went to close.

 

[Diane4145]

I've never held an auction, just going by what others have said. I too would be suprised if auctions averaged that many bidders.

I've been to numerous auctions of Jack Granger's, with Granger Thagard Auctioneers Birmingham, AL. You wouldn't believe, the turnouts! I'm certain that it's due to the advertising (lots) and their impecible reputation! And yes, he's the one that I dated!;-) In his business, he knows what he's doin', draws the crowd in & gets them to participate and is VERY successfull at it! Commercial, Residential, Farms/Equipment, Liquidations, Charities, he does it all and everywhere!

http://www.gtauction.com

Jack F. Granger, AL# 873, CAI​

President

 

[Spencer]

Smiling Joe, I assume that you're talking about the acreage in Freeport. I'll be there as well.

 

[Lisa Ruby]

Originally posted by Mark pale

I am not a realitor nor did I use a realitor when I turned around and sold them both.

That would be REALTOR, not the unknown profession you mention

 

[SHELLY]

I understand the % on the back end is paid by buyer. I guess what I should have said is this is a good deal for auctioneers, buyers and advertisers.

So one could say that it is an "Auctioneers, Buyers and Advertisers Market."