Real Estate Auction Blog

Austin Top Producer Launches Monthly Real Estate Auction
Home Auction Live! Unites Motivated Sellers and Eager Buyers

February 8, 2008 (Austin, TX) - Central Texans now have a fresh, new way to buy and sell real estate. With Home Auction Live!, Austin's new real estate business, property owners can sell their homes quickly and at a fair-market price because buyers compete for the purchase on price alone.

Beginning on March 1^st, Home Auction Live! will hold their monthly real estate auctions. Buyers will be able to choose from single family homes, newly constructed homes, condos, commercial properties and development lots and acreage. Sellers will enjoy having their properties marketed to a large pool of willing buyers, resulting in quicker-than-usual home sales. Additionally, Home Auction Live is real estate agent-friendly.

Launched by Robert Grunnah of Castle Hill Properties, Home Auction Live! connects motivated sellers and eager buyers to buy and sell real estate in a fair, fast, and transparent way-assuring everyone gets a fair deal. Grunnah explains, "Sellers can look forward to accelerated and aggressive marketing of their home, fair market value offers, and a quick closing. Buyers will be able to choose from a wide inventory of homes, in every price range, with motivated sellers. Everybody wins!"

Robert Grunnah is a leader in the Austin, Texas real estate scene. According to Austin Business Journal, he was ranked as Austin's #3 top producer for 2006, with $50M+ in average annual sales. Grunnah created Home Auction Live! in response to a real need he saw in the area. "Auctions aren't just for run-down properties anymore...home auctions are perfect for even pristine homes with sellers who would like to sell their homes quickly for a fair price...where time is money and they don't have time or money to waste," he explained. In fact, the National Association of Realtors projects that 35% of all real estate sold in the U.S. over the next several years will be done so through auctions instead of conventional real estate marketing.

Home Auction Live! can bring a market value offer in as little as thirty days by investing heavily in marketing properties to gather up prospective buyers and holding monthly auctions. Home Auctions Live! allows the open market to determine the fair selling price of homes.

Home Auction Live! is currently accepting consignments into its first auction, taking place on March 1^st, 2008, at the Hyatt Regency Hotel on Town Lake in Austin. A limited number of property slots are available on a first come, first served basis. For more information, contact Robert Grunnah at Robert@homeauctionlive.com

A new company launched this month in Austin Texas - Home Auction Live.   Home Auction Live is a primarily residential real esate aution marketing company that has announced it will hold monthly real estate auctions in Austin Texas serving property owners who want an expedient way to sell while retaining the highest possible sales price.

The first auction is scheduled for Saturday March 1st at the Hyatt Regency in Austin TX. Registration starts at 9am; and the auction at 10a  Remote and online bidding will be available thru NAA Live. Don's miss this exciting first auction launch.

www.HomeAuctionLive.com

Linda Mardi
AuctionFirst.com

I had an ebay auction last year - sold about 9 designer outfits in one lot. High bidder was $1. Best auction she ever won - her comments, not mine. But I'd have to agree.

What about real estate?

When I talk with sellers about reserves and their needing to set a very very low or no reserve. A common comment is "but what if no one bids more than $1?"

What would your response be if this was to be a no reserve auction?  (I'll tell you my comments in part 2).

Linda
AuctionFirst.com
Real Estate Auctioneer

Do you consider reserve auctions to be "fake" auctions?  I read a blog today and the author commented that he though reserve auctions were fake auctions to him; not really an auction if there's a reserve.

A common dictionary defintion for "Auction" is the sale of property to the highest bidder. A common industry defintion for a real estate auction is the firm sale of real property by competitive bidding.  In my experience, 80% of reserve auctions sell to the highest bidder, even if under the reserve because the seller was willing to take the high bid.

What is your opinion and why? Do you think reserve auctions are good or bad?  Are you as likely to bid on a property that has a reserve as you are for a property with no reserve?

Linda
www.AuctionFirst.com

Hi All,

Newsflash! Robert Grunnah of Castle Hill Investments in Austin TX has launched a real estate auction company Home Auction Live! - you can find it at www.HomeAuctionLive.com.

Robert is Austin's #3 top producer for 2006, according to Austin Business Journal, with over $50M in annual sales. Looking for a way to diversify his existing brokerage that focuses on rental properties and investors, Robert decided that real estate auctions are here to stay and gaining appeal by sellers as an alternative way to market and sell their properties.

Home Auction Live launched February 1st and its first auction is scheduled for March 1, 2008 at the Hyatt Regency in Town Lake, Austin TX. The company expects to have 20+ properties up for sale that include mostly single family residences, but also some lots, multifamily, and commercial opportunities. All sellers have been pre-qualified as highly motivated and confidential reserves are super low. Buyers need to do their homework ahead of the auction - but have a great chance to get a wonderful deal.

The auction will be quite an event. Plus, the company is planning on regular monthly auctions on the first saturday of each month.

Linda Mardi, President/Auctioneer/Broker/Attorney
AuctionFirst.com

AuctionFirst specializes in selling real estate by accelerate auction marketing.