- Foreclosure Filed on Ritz Kapalua September 7, 2010The estate of bankrupt securities firm Lehman Brothers has filed court papers to foreclose on Hawaii's Ritz-Carlton Kapalua resort, continuing the carnage in that state's hotel sector. […]
- Citigroup Gets Burned in the Caribbean September 3, 2010The bank is selling its mortgage on the Viceroy Anguilla to Starwood Capital Group at a hefty discount, the latest example of capitulation by a bank that has nursed a troubled real-estate project for years. […]
- New Resorts Owners Roll Dice September 1, 2010Morris Bailey and Dennis Gomes are paying $35 million for Resorts Atlantic City, at a time when gambling revenue is declining and customers are being siphoned off to Pennsylvania venues. […]
- Capital Freeze Thaws for Real-Estate Funds September 1, 2010Real-estate funds saddled with boom-time properties are getting relief from Wall Street firms and other investors hoping to capitalize on their need for cash. […]
Posts Tagged ‘best real estate auctions’
Condo Auctions
With the ever changing Chicago real estate market a centuries old process of buying and selling has resurfaced. Condo auctions are becoming one of the most attractive ways to buy or sell real estate no matter if it is your primary residence, vacation home, or investment property. To many people in Chicago a real estate auction is foreign to their way of thinking regarding the purchase or sale of their condo or home, but auctions have long been the primary means of buying and selling real estate in other parts of the country, particularly the south. Auctions are the relatively simple process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the winning bidder. The definition above is the basic auction form but there are several variations, including time limits, minimum or maximum limits on bid prices, and special rules for determining the winning bidder or sale price. Many times the participants may or may not know the identities or actions of the other bidders and they can participate in a variety of ways, such as by telephone, or internet. No matter how the auction is conducted the seller usually pays a commission based on a percentage of the final sales price.
Real estate auctions are exponentially growing due to all the talk we continually hear about the economy and real estate. There are foreclosures, loss of equity and homeowners in trouble and it can make it difficult to sell properties not matter where they are located. The media is helping condo auctions and smart buyers and sellers are using it to their advantage. Real estate auctions attract buyers and they can get the highest and best offer in the shortest amount of time. The media helps with this by talking about how real estate is cheap and now is a great time to buy. Free advertising is being provided so when potential buyers see auction signs they believe a deal is waiting to be made. Additionally, real estate auctions are moving to online sites that cater to our more technologically advanced buying public which many motivated sellers are seeing as an advantage since mass advertising at very little cost can expose their property to the maximum number of buyers possible. More and more real estate agents are discovering that marketing is much less expensive and online condo auctions give them the most bang for their marketing buck. Auctions are a trend that with today’s economy will continue to grow.
Auctions
You are ready to buy a home! How exciting is that! An auction may be a great way to get your price and reduce the time and red tape of a traditional home purchase. Can you imagine moving into your new home in as little as 30 days. It can happen and we are going to give you a road map on how to do it.
I know your first question. How does an auction work? You have seen auctions on TV or may have even participated in an Ebay auction for smaller items but auctions all work basically the same way. The properties we make available to you are obtained from private sellers, banks or developers and most importantly to you are free and clear to close the day of the auction. That’s how you can close in so little time!
Picture this! You are in a room filled with people and the excitement is like an electric charge throughout the room. The auctioneer calls up the first property to be sold. Everyone is on the edge of their seats waiting to see what is about to happen. It is an absolute bid property which means no matter the final price the property is sold when the gavel goes down. Everyone is in anticipation of what the property will sell for and who walks away as the winning bidder. Only registered bidders with paddles can bid so don’t worry about scratching you ear or blinking – that only happens in the movies. If you want to bid, raise your paddle and the bid assistants in the room will help you through the process, making certain you know the current bid and that the auctioneer has acknowledged your price. But the auction is not over by any means because the auctioneer has not declared the item sold until the gavel goes down and bidding is closed. The auctioneer calls for the final bid, there is a silence in the room, finally the gavel goes down and applause and congratulations fill the room. You are now the proud owner of your new home!!!
Auctions are thrilling! There is anticipation, excitement and reward for the winner bidders. They got a great deal on the home they want and best of all you will know in just a few minutes the home is yours and you will be moving in less than a month.
How exciting is that!!!
Real Estate Auction Marketing
RealEstateAuctions.com employs the best real estate auction marketing to help buyers and sellers reach their respective goals. Our real estate auction is a high-performance vehicle that can get a property sold at a price and time frame that benefits both parties.
Harness the power of RealEstateAuctions.com to accelerate your real estate sales in a popular auction format. As a seller, you can have buyers competing against each other for the opportunity to purchase your property. As a buyer, you have multiple properties of interest and the ability to name the price at which you feel most comfortable.
Real estate buyers everywhere are taking part these days in auctions. The events held by RealEstateAuctions.com are the best. Here’s how we make our real estate auctions the kind of event that buyers and sellers can’t wait to get involved with:
- Expressway billboards announcing the event
- Lighted rooftop taxicab signs
- Radio spots
- Newspaper ads
- Printed brochures distributed to real estate offices
- Internet marketing
- The RealEstateAuctions.com website
- Email blasts to our client database, currently numbering 50,000+
- Dedicated team of Auction Specialist Realtors®
Auctions held by RealEstateAuctions.com bring buyers and sellers together with some of the best properties currently available, in a variety of different categories and many different locations. Our real estate auction marketing helps make this a great event.
As a seller, you’re looking for:
- Quick real estate sale
- Qualified buyer backed with cash or lender’s pre-approval
- An end to your carrying costs
- Safety of a minimum bid or reserve so your property can’t be sold for less than you deem acceptable
An auction held by RealEstateAuctions.com provides these benefits and so much more.
Auctions are action-packed, fun and potentially profitable for buyers and sellers alike. Buyers love the ability of having dozens of desirable properties available in one place. They enjoy the opportunity to bid at a level they believe is the true market worth of the property. Their fellow bidders, however, may have a differing opinion and prices tend to go up when bidders compete!
Buyers also appreciate the clear title at closing, the full disclosures that are provided and quick closing time. These bidders are ready to buy your property. Perhaps they’ve caught “auction fever” or perhaps they’re simply curious about this increasingly popular way to purchase real estate. No matter their motivation, they’ve seen the marketing, they’ve registered with our website and they’re ready and willing to buy.
Contact RealEstateAuctions.com today to have your property considered for inclusion in our upcoming event. We’ll guide you through all the necessary steps and we’ll get our leading real estate auction marketing working for you!