Posted by admin under: Online Auction
Feb 20
eBay and other online services have increased the visibility of all auctions, including how they are perceived and conducted. Online real estate auctions, when combined with live open outcry real estate auctions, are taking on more prominence; however, if not implemented properly these events can prove to be unsuccessful.While many products can be sold easily in online auctions, real estate by its nature is unique and individual. No two parcels of land, buildings, or locations are exactly the same; each has its own particular characteristics. Thus, due diligence is an extremely important part of the auction process. Technology programs, such as the CCIM member service STDBonline, are very helpful in preparing due diligence materials.Most importantly, auctioneers rely on new technology today to publicize auctions and target potential bidders. In the past the most effective means of advertising auctions to buyers was local newspapers, the Wall Street Journal, and direct mail.
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Posted by admin under: Online Auction
Feb 17
An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the winning bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange. The same set of rules applies to online auctioning too.Online auctioning has become more popular with the advent of the World Wide Web. There are a lot of items that come up for sale through auctions. One among them is real estate property. Earlier buying a property, meant physically visiting the property, talking in person to the owner et al. Gone are those days, now you can sit in the comfort of your room and buy a real estate property through the internet. There are a lot of sites that promote online auctions.If you have a real estate property and would like to get
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Posted by admin under: Online Auction
Feb 15
Selling real estate over the internet may sound like an awkward idea. However, the exposure the real estate receives over such a widespread media like the internet is every realtor's dream.Can eBay be used to market real estate? The answer is a resounding 'yes!'eBay provides functionality that is clearly adaptable to the needs of most realtors. It provides a widespread medium of advertisement for the real estate. It is also a relatively inexpensive method of advertising.One of the best things about selling real estate on eBay is that it "markets" to many areas around the world, not just a local area. Advertising on eBay makes the property available to more than 100 million potential buyers, including those from other countries. Visitors can browse through the property details 24 hours a day, 7 days a week - all without the realtor having to explain the details about the property to every
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Posted by admin under: Online Auction
Feb 14
Online foreclosure auctions are slowly replacing the open-outcry system at the courthouse steps that has been in place for almost two hundred years. The reasons for going to online auctions are a more efficient market and its ability to reach more bidders. However, the online auction may not be the place to get the best possible foreclosure deals.The open-outcry system of bidding for foreclosed properties has been dominated by small groups of wealthy individuals who control the auctions. Many of these individuals rehab and retail the properties and others sell them wholesale to other investors.These powerful groups control the auctions by carefully bidding against "strangers" at the auction and making the newcomers over pay for properties - essentially assuring they will not be back. The most common method they use is to bid the property up until the competition stops and then they renege on their bid and it reverts
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