Myself and two other guys from the office decided to our auction licenses this week.  We’ve got another class left before we’re official, but we’re gearing up and are excited to add yet another branch to our already lengthy resume of things we do.  Its not something we’re completely prepared to run wild with quite yet, but we figured that it is a great alternative for some of our clients that are looking to sell their homes.  Some homes have been sitting on the market for hundreds and hundreds of days, with no hits, no showings and no interest.  For whatever reason it may be, these homes have not been purchased and are not getting the circulation needed to get any offers on the table.  Having the proper knowledge and license to auction property may come in handy during times like this.   Its a grind preparing for an auction, a lot of marketing, phonecalls and time needs to be put in, in order for the seller to get quantity and quality buyers, deposit ready on the auction block.  It becomes an Open House, except everybody in attendance has some intention of purchasing this home. Of course you’ll get your mix of everyday auction go-er’s trying to score a deal, but mixed in there are serious buyers that are ready to bid.

Our perogative is to get our seller the price they intially wanted and hopefully have some attendees get into a bidding war, have egos take over and get our seller a bid that is over the desired amount/worth. The more we learn about the process, the more learn how big of a mind game auctions are.  It has a lot to do with the auctioneer himself and the audience.

Eventually we’d like to team up with banks and lawyers, pick a niche and market auction property, but for now we are going to use it as an additional tool and service to offer to our sellers. Please contact me directly (Evan.NortheastRE@gmail.com) if you’d like to use our auction services or want to learn how to obtain an auctioneer license.