In September, 2010 the City of Del Mar auctioned off a half-acre hilltop lot. Here's how it looks today, with a flashback to the actual auction (auctioneer got 10%): Here is the city's original youtube marketing:...
Del Mar Hilltop
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Auctions
Open Bidding/Transparency Live!
Welcome! My friends at Business Insider publicized the open bidding event today: http://www.businessinsider.com/southern-california-home-auction-2012-11 We listed this 1,541 sf house on November 2nd for $399,000, based on these model-match sales: $360,000 - July, 2012...
More About ‘Transparency Live!’
Tj and the bear asked for more details on the open bidding experience, seen here: 1. Buyers and Agents Were Willing to Participate. There weren't any objections - people were willing to do it. I only put a note in the MLS remarks that morning, and told people who...
Transparency Live!
This is a lot of ground to cover here: 1. The more comfortable the listing agent can make it for buyers, the more likely they will pay more. 2. The fairer, the better. 3. Get top dollar, and figure out the rest later. P.S. The 30% bigger house next door sold for...
Big Investor Groups Dominating
From the wsj.com: LITHONIA, Ga.—On a muggy morning earlier this month, Paul Fuhrman pried the screen off a window to get into a two-story house in this Atlanta suburb. It was just another day's work for the 43-year-old executive at private-equity firm Colony Capital...
Bulk Sale at 95.8% of Value
Bulk investors are willing to pay up to 95% of value for Fannie properties in Florida? All we hear is that foreclosures sell for 20% to 30% off - but rarely do you see actual evidence. Hat tip to Daniel for posting this, from the latimes.com: A San Diego real estate...
Stitches
San Diego County is charged with the responsibility of disposing of properties owned by people who have died "intestate" - a question on every real estate licensee test! The Public Administrator (PA) administers estates of persons who die with no will or without an...
Bid-Riggers
From HW: Three Northern California real estate investors agreed to plead guilty to forming a conspiracy to rig bids at foreclosure auctions, the Department of Justice Financial Fraud Enforcement Division said Thursday. Charges were filed in the U.S. District Court for...
$14.1 Million Razor No Kitchen
You've never seen a kitchen photo, have you? Hat tip to JS for sending this in, from the U-T: A luxury bankruptcy home in La Jolla once featured in TV commercials has been sold for almost a third of its original asking price of $45 million, based on details from the...
How To Auction A House
From the miamiherald.com: The United States government had more than two million reasons to celebrate Saturday. A longtime Coral Gables resident designated $1 million and his historic home to the federal government in his will to help wipe away the nation’s $15...
