Ditch the reserve price and send buyers into a tizzy! Michael Jordan's 56,000-square foot home in suburban Chicago has failed to sell at auction after the bidding fell short. Jordan spokeswoman Estee Portnoy says nobody offered the reserve price of $13 million for the...
We'll see if it sells, but if it does and gets a good pop, then maybe the auction format will gain more acceptance as a preferred way to sell homes: Concierge Auctions, the auction house overseeing the sale of Michael Jordan‘s sprawling estate, has released this video...
A look at the estate under construction on the $4,400,000 lot on Balboa overlooking the best of Del Mar, plus other stuff, including a couple of 69s:
Michael Jordan is sending to auction his Chicago 56,000 sf estate on 7 acres. Here is a look at it in the first 90 seconds: (thanks to several people who sent this in!)
Auction.com is trying to break into the traditional home-selling business. I believe that the open-bidding format is the most transparent home-selling process and will someday have a place at the table. But auction.com comes from the old-fashioned auctioneering...
While logically there are many reasons to sell a house via the auction process, the biggest hurdle is the seller's paranoia about giving their house away. Auction.com has been trying to develop a retail presence, but they are a long ways from gaining any traction. Is...
Because price is so important to making a good first impression on the buyers, it would make sense to make it attractive....and realistic. This price sounds like a mistake - or a joke. P.S. Former owner paid $898,500 in 2005 and financed 100%.
The SD Public Administrator's sale is scheduled for July 18th. One of the properties being sold is near La Jolla, next to Kate Sessions Park - the opening bid is $585,000: From their website: http://www.sdcounty.ca.gov/hhsa/programs/papg/terms_and_conditions.html The...
If desired, Zillow could devise a new PublicMLS system - they have the format, reputation, and eyeballs to get off to a flying start. Redfin could too, but as a brokerage they are going head-to-head with traditional realtors so it's more likely afight would erupt,...
Banks are constantly tweaking their foreclosure package, thinking it will provide more benefits. In the confidential remarks: This property is under Auction Terms. All bids are to be submitted through auction.com. This property is subject to a 5% buyer's premium. Here...
