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Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Sure, if that is what needs to happen.

Feb 28, 2017 05:52 AM
Rainmaker
707,922
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I don't live in an area where auctions happen often, but how many multi million dollar works of art have been sold by auction? Perhaps for certain properties, an auction is the right choice.

Feb 27, 2017 08:37 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Myers Jackson - Kenneth J. Jones has an excellent answer.

Feb 27, 2017 10:45 PM
Rainmaker
1,619,816
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Well, every time when we list a house in the local mls we sort of offer it for  public bidding and if the price is attractive we receive multiple offers. The price does not matter: works the same for  a few thousands home or multimillion one. 

 

Feb 27, 2017 10:32 PM
Rainmaker
1,047,645
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Sure. It's the buyer that must decide whether or not the investment is sensible.

Feb 27, 2017 04:09 PM
Rainmaker
5,096,866
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

The right auction company, sure why not? 

Feb 27, 2017 03:42 PM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Yes, if that is the route I had decided would be best for the circumstances. That is one expensive horse. -Kasey

Feb 27, 2017 03:21 PM
Ambassador
5,036,221
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

$1.5 million is a lot to spend on a horse! Guess it depends on the market for either

Feb 27, 2017 03:19 PM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Myers Jackson I wouldn't have a problem with either one. One of the problems I've run into is real estate owners don't want to pay the upfront cost to sell via auction.

Feb 27, 2017 03:11 PM
Rainmaker
1,840,906
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Sure, as I have neither of those for sale.

Feb 27, 2017 03:01 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Christies had been around a long time.

They don't auction the cheap stuff nor work with the uninformed.

And the big money people buy and sell via that auction house.

 

Feb 28, 2017 05:50 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

As long as I've done my due diligence beforehand.

Feb 28, 2017 05:37 AM
Rainmaker
1,617,866
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

auctions are great for all parties

Feb 28, 2017 04:37 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Perhaps

Feb 28, 2017 04:00 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I have not experienced it.

Feb 28, 2017 03:54 AM
Rainmaker
761,233
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Yes as long as it wasn't mine, my family's, friend's or cleint's home.

Feb 27, 2017 11:07 PM
Ambassador
6,362,764
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I have before.

 

Feb 27, 2017 10:07 PM
Rainmaker
4,140,484
John Pusa
Glendale, CA

Myers Jackson A buyer should do the necessary research before buying at an auction.

Feb 27, 2017 08:28 PM
Ambassador
2,680,289
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   I am a former member of Ocala Marion County Association of Realtors.  They auction off $1.5 million dollar horses there.  And, $1.5 million dollar houses.

Feb 27, 2017 08:09 PM
Ambassador
5,205,375
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Sure!  Why not?!

Feb 27, 2017 07:29 PM
Rainer
321,564
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

I have no issues selling by auction if that's the best option.  Our office does work with auctions and in some areas it's a win - win. 

Feb 27, 2017 07:14 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

Auctioneers are rarely used to sell houses in my area.

Feb 27, 2017 07:02 PM
Rainmaker
4,980,189
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I liked Kenneth J. Jones answer!

Feb 27, 2017 06:51 PM
Rainmaker
1,499,368
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Myers, if I had the need to auction a property and felt it was the best way to handle the sale I would find, hire and trust a reputable company to auction a house or a $1.5 mil horse.  Although I don't have any horses, since even though my property is zoned for equestrian I just am not a horse person... I say "naaay" to horses.  :-)

 

I prefer the live auctions like on TV (storage wars) or fine art/collectibles auctions.  Call the number out loud so everyone knows.  I'd opt to have a reserve so if only one person shows up that day they don't get it for a penny over.

Feb 27, 2017 06:44 PM
Rainmaker
1,237,820
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

The on line auction sites are selling homes left and right. That includes a tradtional sale. Often it has local MLS and agent presence as well. Buyers need to pay the auctioner virtual or real.

Feb 27, 2017 06:27 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

If proper preparation goes into it then the yield can be higher than letting the home sit on the market with all the others. Yes, I trust auctioneers.

Feb 27, 2017 06:09 PM
Rainmaker
1,533,163
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

My good friend from the DJ world turned auctioneer, I'd trust him to sell the horse and to refer me the house. 

Feb 27, 2017 06:01 PM
Rainmaker
2,376,962
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I would certainly make sure they were qualified before trusting them.

Feb 27, 2017 05:05 PM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

My vote is for the horse.

Feb 27, 2017 03:59 PM
Rainmaker
199,509
Myers Jackson
Auctioneer, Texas Flip N Move - Grapevine, TX
America's Auctioneer

Elaborate...

Feb 27, 2017 03:53 PM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

It would not be a problem for me as long as all the costs are presented up front.

I will say there will be no online auctions for me again!

Feb 27, 2017 03:43 PM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Myers,

I am not certain what point your are trying to make here.  Horses and houses and different in many ways.  A

Feb 27, 2017 03:43 PM
Rainmaker
7,799,084
Roy Kelley
Retired - Gaithersburg, MD

It depends upon your local market. 

Feb 27, 2017 03:01 PM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

I wouldn't have a problem with either one. It would depend on the situation though.

Feb 24, 2018 04:34 PM
Rainer
259,005
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

Both. No difference.  They're commodities or investments.

Mar 29, 2017 10:30 AM
Rainmaker
5,852,044
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We have not had the need to auction here in Denver, but the day may come.

Mar 01, 2017 11:36 AM
Rainmaker
979,496
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Myers - It would be the individual that I would have to trust, not whether they were auctioning a home or performing a standard listing sale. If I trust someone, I would be all for an auctioneer selling a home, or a horse.

Feb 28, 2017 08:35 PM
Rainmaker
4,908,205
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Not many auctions in our area.

 

Feb 28, 2017 09:45 AM
Rainmaker
987,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Auctions have been popular for a while now - works for me

Feb 28, 2017 06:53 AM