- Miami Tower Built for Storms July 28, 2010A Miami-based developer is seeking to capitalize on predictions of a rougher hurricane season, which may be a marketing opportunity for him and his new tower at 1450 Brickell Ave. […]
- Office Developers Revive Plans July 28, 2010With Europe's financial sector showing signs of stabilizing, developers have begun to dust off plans. A development boom, however, isn't likely anytime soon. […]
- It's a Low Point for High Point July 28, 2010Vornado Realty Trust is opting to forfeit a 2 million-square-foot furniture mart in High Point, N.C., to holders of its $191 million securitized mortgage. […]
- Boston Properties' Profit Falls, but Beats Its View July 28, 2010Boston Properties' second-quarter earnings fell, as did a key measure of profitability for the office-property owner, but both beat the company's guidance. […]
Posts Tagged ‘quick real estate sale’
The History of Auctions
Auctions are increasingly seen as the best way to sell real estate, due to the benefits they provide for buyers and sellers, but the history of auctions is long and storied, dating back at least to Ancient Greece.
Auctions have likely been conducted from time immemorial, but Greek scribes in 500 B.C. were the first to leave a written record, telling of auctions being the only legal way to sell brides to prospective husbands. Particularly beautiful women were subject to vigorous bidding, and fetched the highest prices, while families of those judged less attractive had to add dowries or other extras to make the sale.
The word “auction” comes from the Latin word, augere, meaning “to increase” or “augment,” and Roman emperor and philosopher Marcus Aurelius was said to use auctions to sell family furniture, and others sold war plunder. Rather than the gavel used today, a spear was thrown down to signal the start of proceedings.
The history of auctions in America dates back to the Pilgrims’ arrival in the 1600s and became a popular way to sell land, crops, furs, livestock, and most notoriously, slaves. Just as today, they were seen as the fastest and most efficient means to convert assets into cash. During the Civil War, colonels regularly auctioned off the spoils of war and surplus, and auctioneers are still often called “colonel.”
Many auction schools started in the early 1900s in the United States, with the Jones’ National School of Auctioneering and Oratory win Davenport, Iowa thought to be the first. After World War II, the number of auctions held increased considerably, due to the ability to move real estate and personal property faster than the private market would allow. There are numerous types of auctions, but the ones commonly used for real estate are absolute auctions, reserve auctions and minimum bid auctions.
During the 1990s, technology was finding its way into the auction business. The online auction house of eBay was launched in 1995 and went on to become an “online leader” in the bidding business. With the increasing use of technology and the Internet, the future promises to be as interesting as the history of auctions. Many auctioneers today offer both live and online auctions to meet the needs of customers who could be anywhere in the world. Technology lets buyers participate in the sale without even being there, but as anyone who has attended an well-run auction will attest, being there is half the fun.
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!