Summary: The following is the Real Estate Auction Tutorial developed by RealtyAuctionSchool.com to help you become more familiar with the real estate auction. It is a complete real estate agent's gui real estate auction: for sale by auction or buy from auction sale.
Chapter-1: The Industry of Real Estate Auction
Add to that the rising number of mortgage defaults and possible real estate collapse on the horizon, this time in the commercial market, and the real estate auction industry is about to explode.
Chapter-2: Advantages of Real Estate Auction Sales Method
auctions offer property owners new options, expose the property to a wider market of potential buyers, and help turn the property into cash faster than a traditional real estate sale.an auction is the most effective tool for selling real estate.
Chapter-3: Types of Real Estate Auction
When it comes to selling real estate at auction, there are many different types of auctions to choose from depending on the property type and seller's situation, and they all utilize either the reserve auction or the absolute auction (without reserve) method.
Chapter-4: Benefits Of Real Estate Auction
Selling real estate at auction provides many significant benefits for everyone involved. Here are some key benefits for the seller, buyer, and auctioneer:
Chapter-5: Why Become Real Estate Auctioneer
Ten Reasons for Becoming a Real Estate Auctioneer; Licensing Requirements and Code of Ethics.
Chapter-6: Impacting Factors of Success
The top 10 factors that impact the success of a real estate auction are:
The seller must have realistic expectations, including a fair sales price, terms, and timing...
Chapter-7: When You Should Use Auction
To determine whether or not a property should be sold at auction, a dependable way to do that is to use the "Two-Thirds Rule," which involves an analysis of the market, property, and seller.
Chapter-8: What Is Reserve Auction
A reserve auction is an auction in which the seller or his agent reserves the right to accept or decline any and all bids that are below a predetermined minimum acceptable price. The seller also reserves the right to cancel the auction prior to the auctioneer announcing "sold."
Chapter-9: What Is No-Reserve Auction
An auction without reserve, also known as an absolute auction, means that the property is being sold to the highest bidder regardless of price.
Chapter-10: How to Buy Real Estate at Auction
Here are 12 steps on how to buy real estate at auction. get prepared for auction day. Bidding Tips. Winning Bidder.
Chapter-11: FAQ - Buying Real Estate at Auction
Here are some of the most frequently asked questions that I have received from potential buyers:
Chapter-12: Licensing Requirements of Real Estate Auctioneer
An auctioneer is a professional, and like every professional is required to meet certain requirements that will qualify them to hold a real estate license. All real estate transactions are required to he conducted by an auctioneer who holds a real estate license or broker’s license valid in their territory.