Not exact matches
@Marlene Michael and @Scott Gray these
types of auction properties can be good deals - the occupied ones can be tricky though.
This is a good
type of auction to use when you have a
property that might have been on the market for some time and is market weary.
The advantage to this
type of auction is that it provides a safety net for the seller while still giving the real estate professional the knowledge at what price the seller is willing to let the
property be sold.
Van Reenen says a perfect example
of the
type of property that is extremely well suited to
auction is a Clifton home that will go under the hammer on 24 November.
All
types of real estate, including residential
property (e.g., town homes, condominiums, cooperative apartments and single - family homes), commercial and industrial
property, vacant land and even boat slips are sold at
auction.
I'll talk more in detail about qualifying the seller and the
property a little later in the article but, for now, let's look at some
types of real estate
auctions that I have successfully used in my business and their advantages and disadvantages.
· a changing market · a dull market — too much product but with buyer interest · not enough
of the particular
property type (unique, lake front, etc.) · an emerging market — for example, a new development whose sales could take off once some
properties are
auctioned · a seller's market with high demand and high competition SELLER Do these characteristics describe the seller?
The second
type of auction is one with a published reserve, in which the owner publishes the minimum amount for which the
property will be sold.
VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $ 137,000 FINAL SALES PRICE: $ 225,000 LOAN DATE: November 2012 thru April 2013LOCATION: Tacoma, Pierce County - ResidentialLOAN
TYPE:
Auction Loan, 12 month termDETAILS: The subject property was one of almost 50 auction deals funded by Veristone Capital i
Auction Loan, 12 month termDETAILS: The subject
property was one
of almost 50
auction deals funded by Veristone Capital i
auction deals funded by Veristone Capital in 2012.
LIBERTY CAPITAL DEALSHEET LOAN AMOUNT: $ 160,357 FINAL SALES PRICE: $ 305,000 LOAN DATE: October 2012 to March 2013 LOCATION: Puyallup, Pierce County
TYPE:
Auction Loan - 12 month term DETAILS: The subject
property is a 3000 + square foot rambler located in the Manorwood neighborhood
of Puyallup.
This
type of foreclosure purchase differs from the
auction because the buyer in most cases will have the opportunity to inspect the
property and there is a lower chance
of problems with the title transfer.
Bid4Assets
auctions all
types of properties, including rental
properties, vacant land, fixer - uppers and commercial
property.
Distressed
properties, including foreclosure,
auction and short sale homes, remain fairly common in today's real estate market, and roughly two in five buyers are open to purchasing these
types of homes.
Although real estate
auctions were typically regarded as a sales method
of last resort for residential
properties in distress,
auctions can be beneficial for many
types of real estate, including:
It seems like receivership
of commercial real estate will often follow a much different path to
auction than residential real estate, based upon the
type of mortgage it has on it and any tax issues associated with the
property.
GlobalListings.com provides access to has a variety
of Commercial
property types including Offices, Retail, Commercial Buildings, Apartment Buildings, Restaurants, Industrial, Land, Farms, Condos, Medical Offices, Special Use, Mixed Use, Warehouses, New Construction, Lots, and full service Hotels for sale, rent, or
auction.
From residential and commercial to agricultural and recreational,
auctions can be used to increase the number
of closed deals for clients on any
type of property listing.
Members
of the REALTORS ® Land Institute specialize in land brokerage related to all
types of land, including specialty
properties, including: farms, ranches, recreational, timberland, vineyards, orchards, undeveloped tracts
of land, transitional and development land, subdivision and lot wholesaling, site selection and assemblage
of land parcels, appraisals and land valuation,
auctions, and farm and land management.