More Auction

by | May 13, 2014 | Auctions, Listing Agent Practices, Market Buzz | 5 comments

auction1This guy may not change the world but at least we’ll have more conversation about home auctions – though realtors will have to embrace the concept first:

5 Comments

  1. Raymond Byrnes
    Raymond Byrnes on May 13, 2014 at 10:52 pm

    Seems to work great when everyone is paying cash. But when you have financing and contingencies, this process may limit your exposure to a larger pool of buyers and have a negative impact on the overall sale.

  2. Shadash
    Shadash on May 14, 2014 at 7:39 am

    I like it I like it I like it…

    Let’s blow out all the free renters this way.

  3. andrewa
    andrewa on May 14, 2014 at 11:53 am

    The problem with auctions may be described with one word…………………..SHILL!

  4. shadash
    shadash on May 14, 2014 at 3:10 pm

    Shills only work when there’s a limited supply. When there’s a large supply people just walk away once the price gets to high.

  5. andrewh
    andrewh on May 17, 2014 at 9:59 am

    The auction process for selling houses seems to have worked for years in Australia (where this video is from). It will be interesting to see if it ever catches on in the US (I doubt it).

Pin It on Pinterest