Auction Baby!
There are 150 properties going on the block this weekend! I was disappointed last week when I went to the auction unprepared BUT, I just got a second chance!
150 properties fell out for whatever reason - which means less people, less competition and, if last week was any indication, some AWESOME deals.
If you've been thinking Dallas, this is the weekend. Shoot me an email or call me at 214-257-0193 and we'll go together!
Showing posts with label real estate auctions. Show all posts
Showing posts with label real estate auctions. Show all posts
Friday, March 6, 2009
Monday, March 2, 2009
Awesome Auction Opportunities!
I am not usually a big fan of auctions but, I understand the rationale. Advertise like crazy, create excitement and then sell everything while the frenzy has people thinking competitively vs intelligently.
I am normally the one doing the foot work. I am there to hold the house open for the week prior and answering all the same questions over and over and over as throngs of people parade through.
This time I was not holding the homes open, this time a friend's client called because he wanted to go.
I've been to a ton of auctions; IRS, RTC, DEA. They all have their quirks and quirky people that attend.
There were probably 2000+ people at this auction in Dallas. Just like the typical auction, the vast majority of people came with pennies in their pocket hoping for a steal on that perfect home. Then there were the serious investors, the ones that had seen 10+ properties and had maximum bids determined on all of them. Thirdly, there were the folks that had one specific property in mind and if they could buy it at a deal, they were ready. And finally, there were the lookie-loos, they were just wondering what all the fuss was about.
There were some deals that went a little high for me but there were plenty that went well below. My favorite home was one beautiful house by Preston Center that was worth $600-$650K that went for $250K! WOW!
I should have brought more money!
Coulda Woulda Shoulda! Now I'm sounding like my clients :-)
PS If you want info on future auctions just shoot me an email - 'cause I'll be there!
I am normally the one doing the foot work. I am there to hold the house open for the week prior and answering all the same questions over and over and over as throngs of people parade through.
This time I was not holding the homes open, this time a friend's client called because he wanted to go.
I've been to a ton of auctions; IRS, RTC, DEA. They all have their quirks and quirky people that attend.
There were probably 2000+ people at this auction in Dallas. Just like the typical auction, the vast majority of people came with pennies in their pocket hoping for a steal on that perfect home. Then there were the serious investors, the ones that had seen 10+ properties and had maximum bids determined on all of them. Thirdly, there were the folks that had one specific property in mind and if they could buy it at a deal, they were ready. And finally, there were the lookie-loos, they were just wondering what all the fuss was about.
There were some deals that went a little high for me but there were plenty that went well below. My favorite home was one beautiful house by Preston Center that was worth $600-$650K that went for $250K! WOW!
I should have brought more money!
Coulda Woulda Shoulda! Now I'm sounding like my clients :-)
PS If you want info on future auctions just shoot me an email - 'cause I'll be there!
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