Brigantine real estate blog

Bid for More Business

Online auctions are opening up vast opportunities for buyers and their agents.

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/YbaYCz3hFj0/bid-for-more-business

How To Get Involved In Auctions

There are several ways to get involved in real estate auctions:

Agents/brokers refer clients or customers
Be a cooperative agent/broker
Be a listing agent/broker (co-broker)

OPTION A: Agents/Brokers can refer clients or customers
A real estate agent or broker can refer a seller to an auction company and receive a referral fee. The referring agent or broker may also be instrumental in convincing the seller of the merits of auction.
Responsibilities of Referring Agent/Broker:

Help seller analyze his needs,... Read More

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/Ib_JyZRpuuY/how-to-get-involved-in-auctions

What Factors Impact the Success of a Real Estate Auction?

What Factors Impact the Success of a Real Estate Auction?

Auctions Are Often Thought of as "Fire Sales" For Properties in Distress. Is this True?

Until recently, real estate auctions, unlike art and antique auctions, have experienced unfounded negative images in the marketplace. The majority of auctions today don't result from foreclosure of distress situations, but rather are the result of a seller choosing a cost-effective, accelerate... Read More

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/UpopqBMa78Q/what-factors-impact-the-success-of-a-real-estate-auction

Types of Auctions

Q. What are the different types of Real Estate Auctions available to me?
A. Essentially there are three types of auctions:

1. Absolute Auction (or auction without reserve)
1. The property is sold to the highest bidder, regardless of the price.
2. Since a sale is guaranteed, buyer excitement and participation are heightened.
3. Generates maximum response from the market place.
4. Many sellers, including financial institutions and... Read More

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/rl7stXMvLc8/types-of-auctions

Grab the Auction Opportunity

No Longer A Last Resort

by THOMAS SATURLEY, CAI, AARE
Auction Properties, Ltd.
Portland, ME

Across the country, real estate professionals are increasingly turning to the auction as a winning marketing tool. If you properly qualify your situation as a potential auction scenario (we’ll tell you how), you have an excellent chance at turning over a property quickly.

Auctions offer... Read More

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/WMXI-46x-PE/grab-the-auction-opportunity

What Properties Are Suited for Auction?

Ever wonder how you can tell if a property is well suited to auction? Think of your listing, then take the Two-Thirds Rule test!

Q. What properties are suitable for Auction?
A. Most properties are salable by auction. All types of real estate, including residential property (e.g., town homes, condominiums, cooperative apartments and single-family homes), commercial and industrial property, vacant land and even boat slips are sold at auction. Not all property, however, is suited for auction. If a property will only appeal to... Read More

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/hGuwrTRKe5o/what-properties-are-suited-for-auction

The Basics & Benefits

Q. What is a Real Estate Auction?
A. A real estate auction is an innovative and effective method of selling real estate. It is an intense, accelerated real estate marketing process that involves the public sale of any property—most certainly including those that are nondistressed—through open cry, competitive bidding.
Q. How will auction benefit me?
A.
BENEFITS TO THE SELLER:

Buyers come prepared to buy
Quick disposal reduces long-term carrying costs, including taxes & maintenance
Assurance that... Read More

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/ro-05M-jBEA/the-basics-benefits

Buyers' Homes Accidentally Demolished

Purchasers of 12 properties in Detroit got an unwelcome surprise when they visited their new places: The homes were nothing but a pile of dirt.

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/hK80Pld7uZU/buyers-homes-accidentally-demolished

Investor Admits to Rigging Bids at Foreclosure Auctions

A real estate investor pleads guilty to rigging bids at public foreclosure auctions in California, which federal prosecutors say damaged the real estate market by keeping prices artificially low.

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/kUEeOaQ6TMs/investor-admits-to-rigging-bids-at-foreclosure-auctions

An Early Summer Cooldown for Housing

The 1.8 percent decline in existing-home sales in June should come as no surprise if you closely follow NAR’s Pending Home Sales Index, which have declined for three straight months.
Activity has been weaker lately because prospective buyers continue to struggle overcoming the severely restricted inventory conditions and consequent run-up in home prices.
As NAR Chief Economist Lawrence Yun pointed out during today’s press conference, the slide in sales is not a demand problem. There simply is not enough inventory for sales to grow at a pace that reflects the very healthy job market. Yun stressed the need for more inventory to alleviate the rapid price growth in some areas that far exceeds people’s incomes.
One tidbit of positive news from today’s release is that at least for one month, investors and cash buyers stepped away. If their activity withdraws even more in coming months, first-time buyers stand to benefit. Through the first six months of the year, they’ve only made up 32 percent of sales, which is not close to the long-term historical average of near 40 percent.

from homes and style https://narnewsline.blogs.realtor.org/2017/07/24/an-early-summer-cooldown-for-housing/

Story Idea – Homeowners Are Finally Ready to Sell

According to a new survey from the National Association of REALTORS®, 71 percent of Americans believe that now is a good time to sell their home. This is an increase from 69 percent last quarter and 61 percent last year. The growing confidence in sellers will hopefully lead to more housing inventory later this year, as low housing turnover is at the heart of the continuing supply and affordability problems afflicting many markets.

Story Springboard:
Take a look at NAR’s quarterly Housing Opportunities and Market Experience survey for information on current trends in real estate. Speak with sellers in your area who recently put their home on the market about their reasons for selling. Talk with REALTORS® in your community to learn if they have seen a spike in home listings in your area.

from homes and style https://narnewsline.blogs.realtor.org/2017/07/25/story-idea-homeowners-are-finally-ready-to-sell/

Net Neutrality Action Puts Real Estate Technology in Focus

In 1981, 22 percent of home buyers relied on advertisements in the newspaper to find their dream home, while 8 percent turned to a friend for word-of-mouth information.
Since then, lots has changed. According to recent survey data from the National Association of Realtors®, nearly half of buyers headed to the internet as the first step in their home search. As real estate professionals rely more and more on technology to meet consumer demands, Realtors® say the issue of net neutrality is of growing importance.
Net neutrality refers the idea that Internet users should control what content they view and the applications they use online. A “net neutral” system requires that broadband networks remain free of restrictions on content, websites, or platforms, as well as the way communication takes place.
The Federal Communications Commission implemented “net neutral” rules in 2015, but under a new administration the FCC has since proposed a rollback of those protections.
NAR made its position on this proposal clear this week in official comments to the FCC. NAR pointed to net neutrality’s role in encouraging small business innovation, citing the potential rollback as a threat to innovation.
NAR’s 2017 Real Estate in a Digital Age Report showed that the demands of home buyers are changing, putting the importance of a free and open internet in focus. For example, 50 percent of buyers said they found virtual tours “very useful,” while over 40 percent said the same of interactive maps.
Realtors® themselves are also putting technology to work in greater numbers as they work to meet this demand. The report finds that the vast preponderance of Realtors® use a website, email, text messaging and social media in their business.
Less conventional technologies are catching on as well. According to the report, over 30 percent of Realtors® say they are currently or plan to use drones in the future. But as more Realtors® use drones to capture images and otherwise serve their clients, NAR is raising concerns that a net neutrality rollback would put that progress at risk.
“Since UAS (drones) are network connected devices—disrupted, degraded or blocked service to these devices could significantly reduce their usefulness,” NAR said in its comments. “Consumers would lose the benefit of enhanced aerial photography and drone photographers would lose a source of income.”
Citing Realtors® as early adopters of consumer technology, NAR President William E. Brown called for the FCC to leave net neutral rules in place.
“As streaming video, virtual tours and other technologies grow in popularity, these concerns will grow as well,” said Brown. “Net neutrality means stronger protections for our members and better results for the clients they serve. We’re hopeful the FCC considers these concerns as they examine the rule.”
NAR intern Sarah Purcell contributed to this report.
Click to Tweet this

from homes and style https://narnewsline.blogs.realtor.org/2017/07/19/net-neutrality-action-puts-real-estate-technology-in-focus/

Story Idea – Homeowners Are Finally Ready to Sell

According to a new survey from the National Association of REALTORS®, 71 percent of Americans believe that now is a good time to sell their home. This is an increase from 69 percent last quarter and 61 percent last year. The growing confidence in sellers will hopefully lead to more housing inventory later this year, as low housing turnover is at the heart of the continuing supply and affordability problems afflicting many markets.

Story Springboard:
Take a look at NAR’s quarterly Housing Opportunities and Market Experience survey for information on current trends in real estate. Speak with sellers in your area who recently put their home on the market about their reasons for selling. Talk with REALTORS® in your community to learn if they have seen a spike in home listings in your area.

from homes and style https://narnewsline.blogs.realtor.org/2017/07/25/story-idea-homeowners-are-finally-ready-to-sell/

An Early Summer Cooldown for Housing

The 1.8 percent decline in existing-home sales in June should come as no surprise if you closely follow NAR’s Pending Home Sales Index, which have declined for three straight months.
Activity has been weaker lately because prospective buyers continue to struggle overcoming the severely restricted inventory conditions and consequent run-up in home prices.
As NAR Chief Economist Lawrence Yun pointed out during today’s press conference, the slide in sales is not a demand problem. There simply is not enough inventory for sales to grow at a pace that reflects the very healthy job market. Yun stressed the need for more inventory to alleviate the rapid price growth in some areas that far exceeds people’s incomes.
One tidbit of positive news from today’s release is that at least for one month, investors and cash buyers stepped away. If their activity withdraws even more in coming months, first-time buyers stand to benefit. Through the first six months of the year, they’ve only made up 32 percent of sales, which is not close to the long-term historical average of near 40 percent.

from homes and style https://narnewsline.blogs.realtor.org/2017/07/24/an-early-summer-cooldown-for-housing/

Is An Auction Wise for Your Client?

If you're trying to enhance your image as a full-service real estate pro, auctions should be a part of your business. Here's how to tell whether an auction is the right move for your client. 

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/VoVzeavZcRQ/is-an-auction-wise-for-your-client

Bid for More Business

Online auctions are opening up vast opportunities for buyers and their agents.

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/YbaYCz3hFj0/bid-for-more-business

Freddie Mac's Response on Short Sale Auction Pilot Program

Read Freddie Mac's letter to NAR, which seeks to clarify the execution of its short sales auction pilot program.

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/H1zye7-zX9s/freddie-macs-response-on-short-sale-auction-pilot-program

Short Sales Lose Favor With Lenders?

As home prices rise, lenders are showing less willingness to grant short sales.

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/UC8w-wX5VqM/short-sales-lose-favor-with-lenders

Glossary

AARE (Accredited Auctioneer, Real Estate)
The professional designation awarded by the Auction Marketing Institute, Inc. to qualified real estate auctioneers who meet the educational and experiential requirements of the Institute and who adhere to a strict code of ethics and standards of practice.
Absentee Bid
A procedure which allows a bidder to participate in the bidding process without being physically present. Generally, a bidder submits an offer on an item prior to the auction. Absentee bids are usually handled under an established set of guidelines by... Read More

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/GZknLJehBw0/glossary

What Properties Are Suited for Auction?

Ever wonder how you can tell if a property is well suited to auction? Think of your listing, then take the Two-Thirds Rule test!

Q. What properties are suitable for Auction?
A. Most properties are salable by auction. All types of real estate, including residential property (e.g., town homes, condominiums, cooperative apartments and single-family homes), commercial and industrial property, vacant land and even boat slips are sold at auction. Not all property, however, is suited for auction. If a property will only appeal to... Read More

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/hGuwrTRKe5o/what-properties-are-suited-for-auction

Grab the Auction Opportunity

No Longer A Last Resort

by THOMAS SATURLEY, CAI, AARE
Auction Properties, Ltd.
Portland, ME

Across the country, real estate professionals are increasingly turning to the auction as a winning marketing tool. If you properly qualify your situation as a potential auction scenario (we’ll tell you how), you have an excellent chance at turning over a property quickly.

Auctions offer... Read More

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/WMXI-46x-PE/grab-the-auction-opportunity

What Factors Impact the Success of a Real Estate Auction?

What Factors Impact the Success of a Real Estate Auction?

Auctions Are Often Thought of as "Fire Sales" For Properties in Distress. Is this True?

Until recently, real estate auctions, unlike art and antique auctions, have experienced unfounded negative images in the marketplace. The majority of auctions today don't result from foreclosure of distress situations, but rather are the result of a seller choosing a cost-effective, accelerate... Read More

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/UpopqBMa78Q/what-factors-impact-the-success-of-a-real-estate-auction

Types of Auctions

Q. What are the different types of Real Estate Auctions available to me?
A. Essentially there are three types of auctions:

1. Absolute Auction (or auction without reserve)
1. The property is sold to the highest bidder, regardless of the price.
2. Since a sale is guaranteed, buyer excitement and participation are heightened.
3. Generates maximum response from the market place.
4. Many sellers, including financial institutions and... Read More

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/rl7stXMvLc8/types-of-auctions

The Basics & Benefits

Q. What is a Real Estate Auction?
A. A real estate auction is an innovative and effective method of selling real estate. It is an intense, accelerated real estate marketing process that involves the public sale of any property—most certainly including those that are nondistressed—through open cry, competitive bidding.
Q. How will auction benefit me?
A.
BENEFITS TO THE SELLER:

Buyers come prepared to buy
Quick disposal reduces long-term carrying costs, including taxes & maintenance
Assurance that... Read More

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/ro-05M-jBEA/the-basics-benefits

How To Get Involved In Auctions

There are several ways to get involved in real estate auctions:

Agents/brokers refer clients or customers
Be a cooperative agent/broker
Be a listing agent/broker (co-broker)

OPTION A: Agents/Brokers can refer clients or customers
A real estate agent or broker can refer a seller to an auction company and receive a referral fee. The referring agent or broker may also be instrumental in convincing the seller of the merits of auction.
Responsibilities of Referring Agent/Broker:

Help seller analyze his needs,... Read More

from homes and style http://feedproxy.google.com/~r/RealtororgAuctionHeadlines/~3/Ib_JyZRpuuY/how-to-get-involved-in-auctions