Real Estate Internet Auctions - Gets things moving

The real estate market has been slow and sellers are getting tired of waiting for offers and lowering their listing price.

Now is the opportunity to become proactive by using a real estate online auction and get a listing under contract in 30 days or less.

Technology has provided the tool. Join us Thursday for a Free Introduction to using Online Real Estate Auctions

Real Estate Online Auctions - Continue to grow

Real Estate Disposition (REDC) just reported $68.8 Million in sales from their auctions held December 5th & December 6th. $37.8 Million of that was sold through it's "online only" auction site.

This is now the 2nd consecutive week that their "online only" sales exceeded their "live" on site sales. Another strong indication that online auctions are growing quickly.

The great news is, that technology is available today that allows any Realtor to take advantage of this growing trend.

If you're a Realtor and not yet familiar with how online auctions work, make sure you take advantage of our Free webinar - Register Here

Real Estate Online Auctions - Misconceptions

When it comes to online real estate auctions, I'm finding there are still a lot of real estate agents who don't understand them.

Here are some of the most common misconceptions...

1) The seller must accept the highest bid - Not true. The only time that is true is when an auction is done absolute. Almost all online auctions are done with a reserve price or "subject to seller confirmation"

2) Auctions are only for distressed properties - Not true. Luxury homes and brand new homes are regularly being sold through online auctions.

3) People will Bid without visiting the property - Not realistic. Yes, in certain situations when you are auctioning land or something for pennies on the dollar, you could receive bids from someone who hasn't physically viewed the property. Realistically you need to have scheduled open house previews for potential buyers to visit.

4) No way to validate bidders - Not true. Many auction systems have credit card validation processes as well as full "bidder pre-approval" processes. As a listing agent you can require the same requirements you do for presenting a written offer.

Want to learn more? Join our next webinar - Click Here to Register

Real Estate Online Auctions - Growing

It seems almost every week I discover a new online auction site for real estate. This is clearly not a passing trend, but something that is going to continue to grow.

As I think about it, it's easy to understand why. All teens and young adults are very connected to the Internet. As they move into home ownership, it's only natural that they will want to bid online.

Real Estate Internet Auctions are here to stay...

If you're a real estate agent and not yet familiar with how online auctions work, make sure you take advantage of our Free webinar - Register Here

Real Estate Online Auctions for Realtors

REDC had $33.6 Million in sales through it's "online only" auction site this past weekend. Additionally their "live" onsite auctions added another $21 million.

This is a great example of how online auctions are growing and here to stay.

Technology has enabled the Realtor to get involved with online auctions, but most Realtor's don't know it yet.

Currently, in every state except Georgia, New Hampshire & Rhode Island, a licensed real estate agent can conduct an online auction themselves without the help of an auctioneer.

To find out how you can get involved, join our next webinar on Thursday.

Click Here to Register

Real Estate Online Auctions - Puts YOU in control

Technology has provided the tool and real estate agents are taking advantage of it.

The "tool" is an online auction and it has given real estate agents the ability to market and sell their listings quickly through an auction process without involving an auctioneer.

The process puts the agent in control of when the marketing begins, when the open houses will be and when the bidding will end. Some do it in 2-3 weeks while others have taken the process down to 1 week.

Regardless of the methods, the process works and it works well. It's a nice option for your clients when the average days on market is at least 6 months.

If you'd like to learn more about the process and how it works, please join us Thursday at 1 pm CST for a FREE webinar.

Click Here to Register

Hope you can join us!

SOLD in 6 hours - using an online auction

One of the benefits of being a provider of a real estate online auction system is that I get to see different strategies that are used by our customers.

Before last week, the shortest successful online auction was 2 weeks. Not bad when you consider there are properties sitting on the market for months.

However, last week a new standard was set. One of our customers put a property up for auction for only 6 hours. During that time, it received 52 bids and the bidding climbed to $520,000 before it ended.

On Thursday at 1 pm CST, we'll share what they did to make this happen.

Hope you can join us - Click Here to Register