Why Auction
Selling your home by auction can be quick, efficient and can reap a higher sales price than a traditional real estate sale.
According to the National Auctioneer Association, the value of goods and services sold at auction in 2007 was $202.7 billion dollars, up from over 6.8% in 2003. Simply put, people are attending auctions in records numbers.
There is great value in selling your home at auction. These reasons include:
Competitive Bidding.
Auctions cause buyers to perform.
Buyers at auction get caught up into the competitiveness which in many cases
drives the price of the home higher. According to the National Auctioneer
Association, auction brings in the fair market value, if not more for any item
up for auction.
No Negotiations.
There is no haggling over price, closing
costs or commission. When buyers bid on homes, their commitment is to purchase
the home at bid price with a non-refundable deposit.
Buyers are Prepared to Buy.
When buyers bid on your home,
they have already been pre-approved and must close on the home within 30 days.
Buyers must qualify to purchase the home through deposit or certified check for
a cash sale.
Comprehensive Marketing of Your Property.
An auction is
not successful unless there are a large amount of buyers present at the time of
auction. Auctioneers have a more comprehensive form of marketing than most
Realtors. We thrive in environments filled with buyers and we are the marketing
specialist able and qualified to get buyers to the auction.
You Control the Sale.
Together, we will decide on two
preview dates prior to auction. Say good-bye to unexpected calls for showings.
Once your auction date is set, our marketing department will start your 21-day
marketing campaign. The auction itself takes 2-3 minutes. It's quick,
efficient and profitable.
The best part of selling your home through auction is the absentness of negotiations. There are no negotiations for closing costs, financing contingencies, inspection repairs, home warranty repairs, etc.. The home is sold as is with no buyer incentives.
When you're ready to get serious about selling your home, sell with auction. Call us now for a free over the phone consultation to see if your home can sell by auction at your reserve price. Call today at (704) 559-5988.
Leave a comment » Bank of America Relaxes Short Sale PolicyBank of America and other lenders on short salesBank of America has stated that they are relaxing it's policy of payoffs of short sales connected with second liens on homes facing foreclosure. This is good news for many Realtors and homeowners who have had an incredible amount of trouble completing a short sale transaction due to second lien holders demanding more money for equity loans and second mortgages. http://www.charlotterealestateforeclosures.com/004D57
Posted on April 28, 2009 15:47:32 by sandra.allen - View Profile
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Leave a comment » Lender Communication, Getting to an Approved Short SaleGetting to Sell Your Home by Short SaleIs there such a phrase as "approved short sale"? Establishing Your Short Sale Situation As a homeowner, you need to establish that you are in a legitimate short sale situation. Evidence has to be shown that:
Is it Worth it to the Bank? The bank has to see if foreclosing or accepting a short sale will result in a higher return. Values have been given to the bank by broker price opinions and desktop appraisals better known by Automated Valuation Modules. Different discount percentages will be given based by geographic location and foreclosure fees standardized by Fannie Mae by state will be inserted. These fees include taxes, closing costs, commissions, repairs, etc. An equity analysis and short sale analysis will give the bank an economic decision on the property. If you would like more information on buying one of our short sale listings or see if your home is a candidate for short sale, please give us request information here. You can also call us 24 hours a day at (704) 559-5988. http://www.charlotterealestateforeclosures.com/004BE4
Posted on April 15, 2009 05:32:39 by sandra.allen - View Profile
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Leave a comment » FHA Short Sale Transactions Must Take Note of the New 2009 GuidelinesFHA Loans in need of a Short Sale, Charlotte Real Estate, North CarolinaOn December 24th, 2008 the Department of Housing and Urban Development (HUD) released "Mortgage Letter 2008-43". This new information was sent to the attention of single family servicing managers in reference to the PFS Program, Pre-foreclosure Sale Program. The FHA still remains committed to helping families avoid foreclosure. The PFS loss mitigation option allows mortgagors in default to to sell his or her home and use sale proceeds in satisfaction of the mortgage debt when the proceeds of the sale or less than what is owed. Major changes for 2009 include:
http://www.charlotterealestateforeclosures.com/004BA8
Posted on April 07, 2009 04:14:05 by sandra.allen - View Profile
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Leave a comment » GMAC Adds Over 200 Jobs to Charlotte AreaGMAC Adds Jobs to CharlotteGood news for Charlotte as the unemployment rate rose to 10.5 in January 2009. Over 200 new jobs are expected to be added in the Charlotte area by GMAC Financial Services LLC. GMACs incentives from the state of North Carolina and Charlotte, Mecklenburg County include 4.5 million dollars from the state Job Development Investment Grant over a nine year period and $237,000 over three years from the county. "We are excited about growing our presence in Charlotte. This is a great city with a deep talent pool," GMAC chief executive officer Alvaro de Molina said in a statement. The deal does not call for moving GMACs headquarters from Detroit, said John Lassiter, who chairs the city councils economic development and planning committee. "GMACs headquarters is in Detroit, Mich., and we have no plans to change that," GMAC spokeswoman Toni Simonetti said in an email. There are currently 265 GMAC workers in the Ballantyne area. Once office space is found in the uptown area, existing employees will relocate to the new office. GMAC is an auto finance and mortgage company. In December it became a bank holding company, allowing it to receive 5 billion dollars from the Treasury Departments $700 billion financial bailout fund. GMAC promised to hire at least 130 people by the end of the year and add at least 200 by the end of 2010, under the terms of a state incentives deal agreed to Friday. The average salary for the jobs expected to include finance, risk management, accounting and corporate administration will be $96,600 a year http://www.charlotterealestateforeclosures.com/004BA7
Posted on April 07, 2009 03:52:22 by sandra.allen - View Profile
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Leave a comment » Amendment to Economic Stimulus PackageChange to Economic Stimulus for the Housing MarketThe U.S. Senate has approved an amendment to the economic stimulus package that would provide a tax credit of up to $15,000 for homebuyers who purchase a primary residence in the upcoming year. A Hike in FHA and VA Loan Limits?
http://www.charlotterealestateforeclosures.com/004B6F
Posted on March 29, 2009 15:52:34 by sandra.allen - View Profile
Posted in buyers info, sellers info
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