Selling homes using the auction format has great promise, mostly because when they are done right, they eliminate a lot of the fluff and uncertainty. Buyers just want to buy a good home for a decent price, and the wrong-pricing-and-wait-for-a-miracle listing program...
The Plan 3 model across the street is included here, plus an example of why some listings are sitting:
Hopefully there will be more acceptance of using the auction format to sell houses. All that is needed are sellers who will accept whatever price the market will bear. Will the sellers trust that an auction would produce the same results (or better) than a...
Would you buy a house through an auction? The auction format would reduce the chances of shenanigans taking place. In today's market, with short sales growing and manipulating agents causing more suspicion, a pure shot at buying a house would be appreciated. I think...
For anyone who is thinking about participating in an auction, take a close look at this video. Notice how fast the bid amounts rise, plus - how clear are you about the price?
Here's another youtube tour showing some of the eclectic nature of Leucadia: For anyone looking for more information on the Nantucket offering, here's their link: http://www.landinterestsinc.com/property/nantucket The deadline for offers is May 28th, which means get...
We could use some good old-fashioned market clearing - maybe this is a start? JimG brought it up, and our friend Effective Demand has charted the increase in Bank of America foreclosure activity for Southern California - recently their number of auctions has spiked:...
Investors - how do you like the idea of buying mortgages that are in default? Or once foreclosed, buying the properties direct from the seller/lender? Here's a link to a company doing it: http://www.realtynotebid.com/ They've just gotten started in the last few...
People have asked about the condos in downtown Oceanside that are being auctioned tomorrow beginning at 3pm at the Carlsbad Sheraton, which is an interesting choice. Why wouldn't you do it on-site so buyers could get more emotionally-involved? Do a big breakfast bash...
I guess this little gimmick didn't work out as planned. They listed today for $599,900:
