Auction Real Estate A Quick Way to Know if a Property is Right for Auction

1. 1
The Two-Thirds Rule:
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A Quick Way to Know if a Property is
Right for Auction

2. 2
There are Factors in Each
Category Which Make a
Property Right for Auction
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3. 3
If One or More Factors is
True in Any Two Categories
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Auction is Probably a Good Option
for You and Your Client

4. 4
Market
a changing market
a dull market -- too much product
but with buyer interest
not enough of the particular property
type (unique, lake front, etc.)
a seller’s market with high demand
and high competition

5. 5
knows auction will bring a fair market
price
needs immediate cash
going through a partnership or
marriage break-up
is moving out of state
wants to liquidate an estate
is retiring
Seller

6. 6
has a listing that is about to expire
has already purchased another house
has financial problems
has high carrying costs on the
property
Seller

7. 7
has equity
unique -- enough market interest to
encourage competition
burdening the owner with high
carrying costs
vacant -- vacant properties may
encourage vandalism
difficult to appraise -- unique
properties are difficult to appraise
Property

8. 8
Applying the Rule
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If factors are true for any 2 of the above
categories Auction is worth at least
careful consideration

9. Matt
Cooper
Follow for More About
Real Estate Auctions
Real Esate Auction Experts
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10. Grab the Auction Opportunity
by Thomas Saturley, CAI, AARE Auction
Properties, Ltd. Portland, ME
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