Real Estate Auction Blog

Catch the Wave
Going once, going twice, SOLD! Residential and commercial real estate auctions are growing at record pace. In fact, the National Association of Realtors has predicted that within seven years, one of every three homes in the USA will be sold by auction.  Forget the old stereotype of auctions only being for distressed properties or celebrity homes.  More and more sellers are discovering the benefits of accelerated marketing via an auction sale. Auctions work well in hot markets when there is already competition for a property because they ensure that no money is left on the table and bring a sales contract with no financing or inspection/repair contingencies that could be detrimental to a smooth closing.  Auctions also work well in slower markets because they bring fresh attention to a property that may have languished on the market.  Agents who understand the fundamentals of real estate auctions will be in the position to help consumers with this growing trend. Are you ready to catch the wave? 

Real Estate Auctions in the News
A number of articles on real estate auctions have appeared in the news. 

* Auctions catch on as way to sell houses
CBS News, September 29, 2007  http://www.cbsnews.com/stories/2007/09/27/earlyshow/contributors/raymartin/main3304538.shtml

* Putting a House on the Auction Block
CNNMoney.com, September 27, 2007
http://money.cnn.com/2007/09/27/pf/saving/toptips/index.htm?cnn=yes

* Not Doing Auctions? You're Missing Out!
Realtor magazine-May 18, 2007
http://www.realtor.org/RMODaily.nsf/pages/News2007051804?OpenDocument

* Adversary to Ally
Realtor magazine, June 1, 2007
http://www.realtor.org/rmomag.NSF/pages/lawjune07?OpenDocument

Summary of Course Objectives
As a result of this instruction, students will:
1. Possess the knowledge, skills and competence required to identify and properly represent consumers who would best be served by selling their real property via an auction.
2. Improve representation and support of clients as a Buyer Agent at an auction sale.
3. Demonstrate fundamental working knowledge of the auction process, key terms and principles leading to improved communication and working relationships with clients, auctioneers and auction firms.
4. Learn the basic license law governing real estate auctions in California.
5. Make key decisions on properly integrating the auction method of buying and selling real estate into their full range of consumer services.
6. Know the 3 times when you should ALWAYS consider an auction for your client's property.
7. Learn the unique advantages that multi-parcel auctions bring to selling multiple properties/lots.

Instructor:  Linda Mardi is President and co-founder of AuctionFirst, a real estate auction marketing/brokerage company licensed in TX, NC and VA.  Linda is a TX Realtor and auctioneer and a CA licensed attorney.

Seminar: Friday October 12 from 10am - 1pm at the Torrance Cultural Arts Center. Lunch will be served. Seating is limited.

Further details and registration is thru  http://www.edzing.com/. Seminar cost is $79.00