need help in locating an auctioneer to list my house with for a quick sale. I must sale the house now,, as I am no longer to keep paying the mortgage..
2006-09-30 01:49:58 · 6 answers · asked by moham 1 in Business & Finance ➔ Renting & Real Estate
I used to be a licensed Auctioneer, but now I am just a Realtor. The Auctioneer will list the house as any Realtor would but rather than valuing the house he / she will list it for a nominal amount (like for $1) because the logic behind an auction is to have the general public value the house on auction day. All of the "due dilligence work will be done before the auction (termite and home inspections, appraisal, title search, etc.) so that the property can close quickly after the "hammer falls". Where I come from there are two types of marketing plans. The first is when an auction on a home is marketed sigularly or paired with another similar home and the owners share the marketing expense. The other is when the property is gouped with many poperties of all kinds where more marketing dollars can be pooled together, and cost each of the respective buyers less money individually. Some auctioneers will allow you to forgo the marketing expenses before the auction and take them out of the proceeds of the sale along with their commission, but it depends upon the situation.
Of course there are different types of auctions (one with a reserve or one without also known as an absolute auction). Since you can't pay your mortgage anymore, and there is a mortgage, your auction would have a reserve price (the absolute bottom amount you will accept for the sale of the property and avoidance of foreclosure). If the auction doesn't achieve your reserve price, don't fret because you can often negotiate with the two highest bidders to get to where you need to be. Of course, the reserve price is never disclosed.
If you live in IN, KY, WV, GA or VA let me know and I can hook you up
2006-09-30 09:10:31 · answer #1 · answered by linkus86 7 · 0⤊ 0⤋
Look in the Yellow pages of your telephone book. Look in the classified ads in the daily newspaper in your area. Auction ads are posted near the house for sale ads.
Do a Yahoo! search under the term "Auctioneers" and list your city in the search box.
2006-09-30 01:54:28 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋
The technical answer to your situation is to present each realty company with a non-exclusive authorization to sell. The agreement should call for any agent procuring the buyer with 2/3rds of the sales commission. This enables all of them to work for you finding a "buyer". The remaining 1/3rd of the sales commission should go to the your selected real estate firm responsible for advertising, marketing and/or placing the property on the multiple listing agency. It is VERY easy finding a willing seller in this market but FINDING A READY WILLING AND ABLE BUYER IS PRECIOUS, FEW AND FAR BETWEEN. Your situation might be made most easily simply by selecting one of your friends and simply make certain your listing is going on the MLS service. All will have equal incentive and profit motivation to sell your prooperty and reward your trust and confidence. Look out for your interests first and foremost. Too many realtors simply seek listings to earn commissions. YOU NEED REALTORS RELYING UPON BUYERS TO EARN A COMMISSION. Good Luck.
2016-03-18 02:59:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Try looking in the yellow pages of phone book or do a search on internet for your location. Good Luck.
2006-09-30 02:17:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Your best bet is to research your answer from this link from our research department:
Auctioneers for real estate information: http://www.realtor.org/rodesign.nsf/pages/AuctionCtr
Buena Suerte
2006-09-30 02:02:57 · answer #5 · answered by newmexicorealestateforms 6 · 0⤊ 0⤋
try calling an auctioneer
2006-09-30 01:57:16 · answer #6 · answered by Need My Email 2 · 0⤊ 0⤋
craigslist.com you will find a buyer if the price is resonable
2006-09-30 01:52:39 · answer #7 · answered by ROCKSTAR 2 · 0⤊ 0⤋