Home auctions are making their way into the mainstream - if they becomes the standard, we won't have to worry about portals, shenanigans, etc. http://www.clickondetroit.com/news/a-new-trend-thats-selling-houses-in-a-snap/33234956 video platformvideo managementvideo...
Auctions
Easier To Go Up Than Down
This is another installment in my quest to change how homes are sold. In Australia, 98% of the homes are sold by auction. The guy who was the main auctioneer for Harcourts sold over 6,000 homes there by auction, and has since come to America. They are offering an...
Auction Buyer Premium
Here are some of the details about those RSF auctions you don't find online:
Let The Buyers Decide It
Not mentioned here - a bidding war is the fairest way to select the buyer. Home sellers should read this carefully - this is not an April's Fools joke! I offer this service at a discounted rate, and have a long track record of selling homes for retail-plus prices...
Another RSF Auction
The auction format is gaining ground - here's the fourth high-ender this company has done in the Rancho Santa Fe area with no reserve: Casa de Los Morros — from Concierge Auctions
Bidding Wars/Auctions
We are shambling our way towards using an auction format to sell houses, but then again I was the idiot who thought we'd have video tours of every listing by now! From the WaPo:...
RSF Auction Today
The highly anticipated, no-reserve auction in Rancho Santa Fe happens later today. It was on the market for $36,500,000 back in 2006 and for sale ever since - the latest list price was $22,500,000 last year. Casa Del Sol — from Concierge Auctions This is the second...
Bounce Back
You've heard me say that I think it is my job to conduct a proper bidding war between all buyers and push for top dollar - and I will give them ample opportunity to pay it! In this case, it was 10% over list price. But the houses that need work are more prone to...
Slow-Motion Auction
Here's the audio update on our progress in Solana Beach. While I think listing-for-an-attractive-price-to-induce-a-bidding-war is the best strategy to sell houses, it only works if you can run an effective bidding war:
Bidding War Strategy
Reader 3rd Gen SD asked yesterday, "You regularly mention pricing to engineer a bidding war. Do you have a post you could link to that describes your strategy, including how you manage same?" There are no rules or regulations on how to handle a bidding war - each...