Articles
Auctioneer Practices: A Deep Dive into the Detriments of a 10% Down Payment Requirement in Real Estate Sales
Auctioneers have long served as the gatekeepers in the world of real estate sales, overseeing transactions and setting the terms of engagement. One of the most significant decision points is the requirement of a down payment on a real estate sale. While some...
Credit Card Payments in Auctions: A Detailed Analysis of Increased Bids and Profits
Over the past decade, the auction industry has experienced a notable transformation, largely driven by the advent of online platforms and digital payment methods. Among these changes, the integration of credit card payments stands out as a significant catalyst for...
Real Estate Auctions Prove Their Worth: A 15% Higher Sale Price
Quantitative Analysis of 25 Studies Demonstrates Auctions Outperform Traditional Sales with Statistical Significance
The Digital Revolution: How Live Internet Bidding Boosts Auction Profits
The auction world has undergone a significant transformation as technology and widespread internet adoption have revolutionized the way auctions are conducted. Traditional on-site auctions now incorporate live internet bidding, raising the critical question: does this...
The Power of Live Internet Bidding: Maximizing Profits for Auction Sellers
The auction world has experienced a major shift in recent years, as advances in technology and widespread internet adoption have transformed how auctions are conducted. The traditional on-site auction has been significantly augmented with the addition of live internet...
The Enigmatic Allure of Buyer Premiums: A Tale of Auction Prosperity
Once upon a time, nestled in the bustling world of auctions, a concept known as the buyer premium emerged, sparking intense debate among the merchants, sellers, and auctioneers who populated this realm. This premium, a mysterious charge levied upon the winning bidder,...
The Buyer Premium’s Impact on Auction Revenue: An In-Depth Analysis
The buyer premium, an additional charge levied on the winning bidder at auctions, has long been a subject of intense debate among auction professionals and researchers. While some argue that the premium generates increased revenue for sellers, others remain skeptical....
101 Reasons Why Hiring An Auctioneer Is Better And More Profitable Than Hiring A Realtor To Sell All The Assets Of Personal Property And Real Estate To Settle An Estate
1. Faster sales process: Auctioneers can sell multiple properties in a short time, speeding up the estate settlement process. 2. Competitive bidding: Auctions encourage competition, potentially driving up the final sale price. 3. Set sale date: Auctions have a...
101 Reasons Why An Auction Produces More And Is Better Than Having A Tag Sale
1. Competitive bidding: Auctions encourage buyers to compete against each other, driving up the final price. 2. Quicker process: Auctions are faster than tag sales, as items are sold one after another without long negotiations. 3. Clear pricing: Auctions eliminate the...
101 Reasons Why To Have An Auction Instead Of A Garage Sale
1. Greater potential for higher profits. 2. Auctions attract serious buyers. 3. Competitive bidding can drive up prices. 4. Faster disposal of items. 5. Auctions can be more exciting and entertaining. 6. Professional auctioneers can help attract a crowd. 7. More...
The Bidding Chronicles: A Journey Through the Real Estate Revolution
The Bidding Chronicles: A Journey Through the Real Estate Revolution by Skip Dreibelbis
A Quantitative Analysis of Real Estate Auctions and Traditional Sales: Performance, Transparency, and Cost-Effectiveness
A Quantitative Analysis of Real Estate Auctions and Traditional Sales: Performance, Transparency, and Cost-Effectiveness by Skip Dreibelbis
Multi-Parcel Auctions
Traditional methods used by many auctioneers tend to favor buyers who have deep pockets and this oftentimes leaves single-tract buyers at a huge disadvantage. A Multi-parcel auction puts all buyers on a level playing field, regardless of how many tracts a buyer...
Who Does The Auctioneer Work For, The Seller or The Buyer? Could It Be Both?
You would think that this question should never be asked, but unfortunately today, many may wonder who does the Auctioneer really work for. All Auctioneers want to do a good job for clients and customers, but who does the Auctioneer have a fiduciary responsibility and...
Buyer Premium By The Numbers
Understanding Buyer Premium ©True Blue Auctions Buyer Premium And Your Bottom Line Hiring the right auctioneer or company will make a big difference in the total revenue that a seller or consignor receives. By understanding the factors that contribute to the final...
ADVANTAGES & BENEFITS OF SELLING AT AUCTION
Discover Advantages Of Selling Real Estate At Auction According to a study conducted by Harris Interactive some 83% of people believe that auctions are a way to find good deals. Those with a home for sale or other property for sale need to seriously consider the...
Problems with Multiple Offers Selling with Traditional Listings via Realtor/Agent/Broker
You ever notice the boastful announcement by a Realtor/Agent/Broker with their listing that tells you, “Sold in 24 Hours!” or “Sold in 1, 2 or 3 Days!” where they project the illusion that something spectacular has taken place with the sale of the property? How...
Where are people being told to consider diversifying their investments?
Yesterday’s Wall Street Journal (October 29) suggests that people consider a variety of different types of collectibles. “In a study of collectors after the 2008 crash, 74% said investment potential was driving their buying decisions, says ACE Private Risk Services.”...
Home Staging Effect? Not Much!
A recent study finds that home-staging services affect a home's sale price less than most people think How much does a tacky purple wall color affect a home's sale price? Not much, according to new research on home staging. Option 1: Some study participants saw a home...
Four Tips for Attending Your Next Property Auction
So, you love auctions, but you find yourself in a bit of a bind when you attend one. Never get caught off guard again because you can now feel prepared. Auctions can be a bit tricky because you often feel like a kid in a candy store. However, you can attend a property...
Being A Good Steward Of Your Client’s Assets
Stewardship is not often thought of by many in business today - or should I say that it is when it comes to the business owner’s interests and not their client’s. Auctioneers are the fiduciary of their clients and are morally and ethically to always do what is in...
Auctions Provide A Fair Opportunity For Both Sellers And Buyers
Auctions Provide A Fair Opportunity For Both Sellers And Buyers Ever wonder what’s the most unbiased way for buyers and sellers to interact where both can engage each other without completely exposing their bottom line? Is it with the list, wait, and continuously...
Real Estate Buyers Walk Away Because Of Gap Between Sale Price And Appraised Value
The obvious problem with the methods of appraised values of homes and/or the comparative market analysis (CMA) used by Agents & Realtors to try to speculate on a value of a home is causing many home buyers to walk away and home sellers to suffer even more loss....
SHOULD WE HAVE AUCTIONS ON SUNDAY?
Today in business it is considered the norm and “good” business to provide the consumer what they want, when they want and how they want. Shouldn’t auctioneers make the most of the opportunities on weekends to have auctions as often as they are able including Sunday?...
“Priced To Sell”
You ever hear a real estate agent tell a client that they want to have their home “priced to sell”? What does that mean? One thing that it definitely means is that a seller will never know that they were paid the maximum amount of money for your home. In fact, a...
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