The obvious problem with the methods of appraised values of homes and/or the comparative market analysis (CMA) used by Agents & Realtors to try to speculate on a value of a home is causing many home buyers to walk away and home sellers to suffer even more loss. Reported in the Wall Street Journal, “asking prices are often out of whack with values that are later determined by appraisals.”1 The real problem is that Appraisers, Agents and/or Realtors do not deal in the reality of what each property is worth and at best can only speculate. Attempting to measure and speculate on a value of a home or property nearby that is similar that sold in the past six months in the same or similar neighborhood to try to determine a price is not fair to the sellers or the buyers. Even if an Appraiser, Agent and/or Realtor try to use older sales going back several years they still are not able to find relevant numbers. All markets are always in fluctuation and each and every home or any property, developed or undeveloped land is unique and has its own features and benefits and liabilities and should speak for itself and not by what another has sold for in the past, present or future – no matter how what similarities exist. The method of guessing by Appraisers and Realtors and/or Agents are not just limited to residential , commercial or undeveloped land but when it involves luxury properties it becomes even worse. Matters used to speculate like, services and amenities in neighborhoods, school district funding, police and fire services make any quantifiable data with relevant numbers for guessing a value next to impossible. So what is the practical result of the guessing system used by Appraisers, Realtors and Agents? The process leads more often than not to an appraisal amount that is much higher than the private treaty sale (negotiated sale) agreed upon price between the seller and the buyer. A study was conducted that “confirms what many of us have thought but heretofore have only known anecdotally: That appraisals are not very accurate.”1and “that “a wide discrepancy between the appraisal values and the eventual sales prices of the properties.”2 Statistics from the study revealed that 64% of real estate was appraised at a value that was higher than the sale price and only 35% appraised less than the actual sale price.3 This study also revealed that “at the extremes, in 121 instances, the appraised value was more than double the sale price, and in 132 examples, the appraisal was less than 70 percent of the sale price.”4 So what if the appraisals are only a speculation at best about a value of real estate? Appraisals are what banks have been conditioned to think is an “accurate” way to find a value to real estate. An attorney at a law firm said, “Appraisals are important in nearly every aspect of a real estate deal, whether it is originating a loan, working out a loan, the decision to buy or sell a property and even bankruptcy.”5 What practically happens as a result of appraisals? The result has an effect upon everyone involved with the process of selling the real estate. The appraisal affects the result of what lenders offer to loan. A low appraisal results in a smaller amount for a mortgage on a property and a higher rate. What if the appraisal results in a value less than the “list” list price? When this happens someone is left with making up the difference. Either the buyer has to make a larger deposit for the mortgage or the buyer refuses to pay more than the appraised amount. This huge gap between the appraised price and what the seller wants and what the buyer is willing to pay has made many private treaty (negotiated sales) go South fast. According to the National Association of Realtors (NAR) survey of over 3000 Agents, on average, one-third of real-estate agents said the appraisal process resulted in buyers and sellers delaying or canceling contracts or renegotiating to a lower sales price last year.6 According to the Wall Street Journal, going forward, experts say that one third of contracts being cancelled will increase.7 What if the loan amount is more than the value of the home by 80%? The buyer will have to put more money down. So what is the alternative to appraisals and their method of real estate valuation and sales (private treaty – negotiated sales)? The problem is that both can at best ever only speculate on a value and price for a home or property. Is there a method of selling that only deals in the reality of what property is worth? How can anyone actually know what is the true market value of a home or property? The answer is the auction method of selling. The auction method is the only method of selling where true and fair market value is found that is based in reality, without any speculation. Fact is that every home and property is different and the guessing method of finding a similar home or property that sold is to use to try to measure the other is a disservice to all parties involved. So practically what is the best way for Real Estate Sellers, Buyers and Banks to come to terms in what that is fairly? An auction provides the very best way for all parties to be treated fair. The seller finds out what is fair when buyers compete to buy the home and the price is discovered at auction where all the serious buyers come together and bid. The buyer prior to the auction can go and find out what they pre-qualify for with a loan for the real estate so they know their limit when it comes to biding at the auction. The banks can offer lower rates because they know that the real estate sold for the reality of what it is really worth. Auctions also eliminate all the contingencies that are part of the traditional sales methods with Agents & Realtors because when the hammer falls the property is actually sold. It is not contingent upon appraisal, fixing this, repairing that, upgrading or the next thing. The real estate actually is sold. Will you continue to not face the reality of what real estate is worth? Will you depend upon antiquated methods that are nothing more than only a speculation at best? If you have a property and want to sell it for what it is really worth and not settle for one cent less than contact us to schedule an auction. If you are a buyer and want to not pay more than what a home is really worth, then find an auction to buy your home or property. If you are a loan officer you will only have to find what a person is eligible to borrow instead of taking the risk and the speculation of an appraisal. Contact Us today at True Blue Auctions and let us Make Certain Your Hope By Faith Through Grace Obtain the most popular rss wordpress plugin available today, you'll discover both free and superior plugins right here. We have examined the whole web, examined hundreds of suggested Wordpress plugins and selected the best. Discover business of technology the most recent modern technology news, including new product launches, revenues figures and technician sector efficiency information. Review posts on new gizmos and prototypes for future innovation. seo tips that you need to and need to not be doing on your Websites to make them rank higher in search engines. In a constantly changing Search Engine Optimization landscape, it is necessary to remain current about the altering methods and approaches of optimization. The best site for hidemyass vpn, headlines and pointers. It gives you solutions, functions and alternatives that no various other site will certainly offer you. Do bear in mind to see our website from time to time because we will certainly be continually upgraded and show you the outstanding VPN supplies that you might be considering. Which VPN carrier offers the very best Premium VPN accounts on the market? The only individual Best VPN Reviews site examinations and reviews all premium VPN services. SEO Software for all your SEO & PPC Management needs. for both on and off page evaluation and also spying on your competitors. Traffic Travis PRO Crack enables you to name a few points to do a key words analysis, a rival study and an on-page analysis. It also has a components that permits you to do rank tracking on numerous keywords. They do likewise have a professional edition, yet you do not require that to start with.
According to a study conducted by Harris Interactive some 83% of people believe that auctions are a way to find good deals. Those with a home for sale or other property for sale need to seriously consider the benefits of selling at auction. Homes for sale can take months or even years to sell. Those with a house to sell often put out all sorts of money into repairs and updates. Buying a house can be just as frustrating with the owner turning down bid after bid. However, with an auction and an auctioneer there is no need for constantly searching for homes for sale. Buyers don’t have to go through a property search. Instead, they search the auction listings on websites like Real Estate Auction MLS to find homes for sale or other available real estate. At auction, a buyer doesn’t have to go through exhausting negotiations to get that desired home for sale. All a buyer has to do is to make the best bid. The person offering the most amount purchases the property for sale on the spot. The seller of the house for sale benefits by the immediate turn around on the real estate. The seller doesn’t have to put up with strangers continually traipsing through the house for sale and prolonging the process of offering real estate for sale. Auctions allow the seller to set the time and place of the sale. There is no confusion as to when the auctioneer will do his job or when those interested in buying a house will be on hand. An Agent and/or Realtor searching for a property isn’t necessary. Those who wish to buy a house simply contact the auctioneer for a tour of the home, schedule a home inspection if they want and show up at the time and place listed for the real estate for sale. It takes a long time with the services of a real estate agent to let the public know they may buy a house. Because it is a contingent sale (conditions placed by the buyer – fix this, repair that, reduce for the next thing, bank financing, etc.) and because the seller makes the initial offer of a price, the only thing a seller can count on is the price being negotiated down. However, when property is sold at auction, the auctioneer, wants as many qualified buyers as possible to attend and only qualified buyers can participate. Auctioneers do extensive marketing to the targeted buyer(s). Because the seller knows that their property will sell in the present condition (as is) and is not contingent upon financing it eliminates the unqualified buyers from participating at the auction. This saves the seller money, time and effort. The seller can plan and move on with their life knowing when their property will be sold and that it will be to the highest bidder at a price that is based upon the reality of what it is worth. Other benefits include the seller not needing to invest in repairs or upgrades. Everyone has different tastes and a new owner can make it their home by renovating as they would like and not according to what an Agent and/or Realtor wanting to double as an interior decorator, landscape architect or home renovation expert thinks it should be to get the home sold. Auction companies and auctioneers are to specialize in getting the most exposure possible and top dollar for their client and if they have marketed the property properly and at the end of the day when the property is sold and changes hands in this simple transaction, it will be at a price that is both fair to the seller and to the buyer. Receive the most prominent wordpress plugin offered today, you'll find both free and exceptional plugins listed here. We have actually inspected the whole internet, reviewed hundreds of suggested Wordpress plugins and decided on the most effective. Discover breaking news the latest technology information, featuring brand-new product launches, revenues figures and technician business efficiency information. Go through guides on new devices and prototypes for future modern technology. local seo you should and need to not be doing on your Web pages to make them rank higher in search engines. In a frequently transforming Search Engine Optimization landscape, it is very important to remain current with the changing techniques and methods of optimization. The very best site for free vpn client, news and tips. It provides you services, features and options that no other site will certainly offer you. Do bear in mind to see our website every now and then because we will be continually upgraded and show you the remarkable VPN supplies that you may be interested in. Which VPN supplier offers the very best Premium VPN accounts available? The only independent Top VPN Reviews website tests and reviews all superior VPN services. Search Engine Optimization Software for all your Search Engine Optimization & PPC Management requires. for both on and off page analysis and also spying on your competitors. Traffic Travis Pro Cracked enables you to name a few points to do a key words analysis, a competitor study and an on-page study. It also has an attributes that enables you to do rank monitoring on numerous key phrases. They do additionally have an expert edition, yet you do not require that to start with.
Ever wonder what’s the most unbiased way for buyers and sellers to interact where both can engage each other without completely exposing their bottom line? Is it with the list, wait, and continuously reduce method of traditional selling by agent/realtor? How does the seller know they really received the most a person is willing to pay with this method of selling? Fact is they don’t, because with selling by private treaty with an agent/realtor there are always contingencies and it is never time definite. What does that mean? Contingencies – The private treaty method of selling puts the buyer in control of the sale where they are able to dictate to the seller what they want fixed, replaced or anything they are able to negotiate in the sale to get what they want. Time Indefinite – The sellers never know when their real estate will be sold. Sure an agent and/or realtor may have a contract and they are usually six months long or up to a year and sometimes even longer. Can the seller of a home afford to be at the mercy of a prospective buyer who can dictate when they will buy the home, what contingencies they demand and the price they are willing to pay? Can sellers really afford to wait today to have a home sold? What about the price? What is too much to ask? What happens if it is not enough? How can they tell either way? Fact is they really can’t. The auction method is the only method of selling where an equitable opportunity for both sellers and buyers to come together and discover what the market is willing to bear upon the real estate being sold. With the auction method of selling, buyers are able to set a reserve price and/or a minimum they wish to receive for their real estate. At many auctions I often have bidders ask, “What is the reserve price for the real estate?” I politely ask them, “What is the most you are willing to pay?” Most then realize that it would not be fair for me to tell them what the seller is willing to take or for me to start the bidding at their highest bid. At the auction we provide the equitable opportunity for the sellers and buyers to engage each other when we call for bids. Sometimes the price is more than what the seller has expressed they wanted and sometimes it is less! The bottom line is that it is the reality of what the real estate is worth. This is called “true market value.” With the auction method the sellers don’t forfeit the most their real estate could possibly be sold because they have not put a price on it by making the initial offer to the public. With the auction method the buyers don’t forfeit more than what the market will bear by making a counter offer that may be too high. The auction method is time definite and both buyers and sellers can plan to move forward with their respective lives by knowing when their real estate will be sold and/or purchased. Do you want to receive the most money possible for your real estate? Do you want to pay the least amount possible for real estate? You know now where both come together in the most fair and free market method of engaging each other – at auction. Contact us today and let us help make certain your hope by faith through grace today. Get the most popular Free SEOPressor equivalent offered today, you'll locate both free and premium plugins here. We have checked the whole internet, examined hundreds of recommended Wordpress plugins and picked the best. Get new products the latest innovation updates, including new product launches, revenues figures and tech business performance info. Go through articles on brand-new gadgets and prototypes for future innovation. wordpress seo tips that you ought to and need to not be doing on your Web pages to make them place greater in online search engine. In a continuously transforming SEO landscape, it is essential to continue to be up-to-date with the altering methods and strategies of optimization. The best website for purevpn review, headlines and tips. It supplies you solutions, components and choices that no various other site will certainly supply you. Do remember to visit our website every so often due to the fact that we will be continually updated and show you the incredible VPN offers that you might be considering. Which VPN company supplies the best Premium VPN accounts available? The only individual Best VPN Reviews site examinations and reviews all premium VPN services. SEO Software application for all your Search Engine Optimization & PPC Management requires. for both on and off page analysis and also spying on your rivals. Traffic Travis Cracked allows you to name a few things to do a key phrase analysis, a competitor study and an on-page analysis. It additionally has an attributes that allows you to do rank tracking on a number of key words. They do also have a professional version, yet you don't require that to begin with.
In a time within the land when we witness the economic downturn I find it surprising to hear some auctioneers boasting of not charging a buyer’s premium. Auctioneers are supposed to be working for the seller but some may have been in the business so long that they lose sight of this and are more concerned about pleasing the customers (buyers) more than their clients (consignors). Maybe some auctioneers have gotten to the point that they have so much business that they are only concerned about the customers and not their clients. If so, shame on them! Auctioneers who don’t use a buyer’s premium are telling their clients that they should pay for everything – the commission, labor and advertising and every possible related expense to conducting an auction. Some Auctioneers are charging upwards of 35% PLUS advertising, labor and associated expenses. What does this leave a seller with at the end of the day? You are right, not much! Product drives the sale. Product is what the customers/buyers consume. The product will determine the price regardless of what it is because auctions deal in the reality of what anything is worth. Many people are skeptical and shy away of letting much personal property be sold at auction because of the loss they could suffer. A buyer’s premium helps alleviate the seller of their fears of greater loss by letting the person who benefits the most from it – the buyer. If you are the seller would you rather receive only sixty-five cents of every dollar less the advertising and associated costs or would you rather receive eighty-five cents of every dollar? The math is not hard to figure out. Buyers who want the product will pay true market value and bid accordingly with a buyer’s premium. Many prominent auction companies use very high buyer’s premiums with some reaching upwards of 20+% You see the television shows on auctions. Even the popular Auction Kings at their auction house in GA use a 15% buyer’s premium. A buyer’s premium is fair and balanced between both clients/sellers and customers/buyers. Clients are more willing to let product go to auction knowing that they will not suffer as great a loss. I recently heard of an auctioneer boasting about how they will never use a buyer’s premium and finding every opportunity to try to belittle the buyer’s premium at an auction they conducted for a government entity. Why? Because the personal aspect of the sale is removed and there is little accountability since it is not personal assets they are selling. These auctioneers were obviously full of themselves and were really demonstrating that they have lost touch and have disregard for those whom they should treat with the utmost respect and gratitude – the seller/consignor, for without them, they would not be having the auction… Anyone would know that it would be really insulting to talk this way in front of a family who has entrusted you to be looking out for their economic best interests for an estate or business. One thing you can have the assurance of is that these auctioneers who boast in this manner have been in the business either way too long or not long enough to understand how they have lost touch with whom they are working and are ethically and morally obligated to advocate and represent. Obtain the most well-liked SEOPressor free readily available today, you'll locate both free and exceptional plugins below. We have checked the whole web, assessed hundreds of recommended Wordpress plugins and picked the very best. Locate breaking news the most recent modern technology headlines, featuring brand-new item launches, sales figures and tech market efficiency info. Go through write-ups on new gadgets and prototypes for future innovation. seo optimization tips that you must and should not be doing on your Web pages to make them rate greater in search engines. In a continuously altering SEO garden, it is important to stay current with the changing methods and techniques of optimization. The best site for strongvpn review, information and pointers. It provides you solutions, functions and alternatives that no various other website will offer you. Do keep in mind to see our website every now and then because we will be consistently upgraded and show you the outstanding VPN provides that you could be thinking about. Which VPN carrier supplies the most effective Premium VPN accounts in the market? The only individual Ideal VPN Reviews website examinations and reviews all superior VPN services. SEO Software application for all your Search Engine Optimization & PPC Management requires. for both on and off web page analysis in addition to spying on your rivals. Traffic Travis Unleashed enables you among other things to do a key words analysis, a competitor evaluation and an on-page study. It likewise has a functions that permits you to do rank monitoring on numerous keywords. They do additionally have an expert version, but you don't need that to start with.
Stewardship is not often thought of by many in business today – or should I say that it is when it comes to the business owner’s interests and not their client’s. Auctioneers are the fiduciary of their clients and are morally and ethically to always do what is in their client’s best interest. That is supposed to be… This includes everything from protecting from damages & theft, to the prices realized at auction, to the marketing of the items to be sold, and labor to conduct the auction. The marketing of an auction is one of the most important aspects of the auction. Effective marketing is essential for success. If only a few people know about the auction then only a few people will show up for the sale. Less competition for the items sold will result in a lower return for the client. There are some auctioneers who market effectively and efficiently and others who do not. Some things to consider when interviewing an auctioneer about the marketing is the auctioneer also making money from you with the advertising? Some auctioneers offer “advertising packages” where a person can pick and choose from the auctioneers list of ways to market. What the client doesn’t know is the auctioneer is making money from each package. The client pays not only the price from the advertising vendor but also a price for the auctioneer creating the ad and submitting the ads for publication. Another thing you want to consider is, does the auctioneer know what advertising even works and what advertising is not effective? There are many auctioneers who take a “shotgun” approach and spend lots of money on every type of print media available. To these auctioneers it doesn’t matter if the media they publish in actually works or not. They figure it is their client’s money and it gets their name out there so they see it as a way to market their business at their client’s expense. How can you know if an auctioneer actually cares about his client? You will know if you go to an auction and before you get a bid card they ask you, “How did you find out about the auction?” Auctioneers who actually track this information know what advertising works and what does not. Auctioneers are to give copies of receipts of everything to their client. This would include each and every advertising vendor they use. Each and every cost for the production of the auction must be accounted for by statue or the auctioneer could be brought up on charges and lose his license. Print media is a dying industry and has been for years. Costs of publication are rising, rates keep increasing, and subscriptions keep going down! Just today (19 October 2012) in the Wall Street Journal was the article about Newsweek after 79 years of being in print will only be a digital publication in 2013. ( Read Article | View Video | Slide Show | Stock Quotes ) What does this have to do with auctioneers? Next time you see lots of ads scattered about in all types of print media you may want to ask yourself does this auctioneer care about saving his client money or does he care more about spreading his name anywhere he is able at the client’s expense? Many auctioneers still don’t get it and this is why you see them spending their client’s money. At True Blue Auctions, by His grace, we are “True Blue” to our clients which means that we are good stewards of our client’s marketing costs. We know that digital is the future and that is why you will always see the most robust website able to be built, as well as the latest marketing methods used for our clients. If there is any print media used it is because we know from years of tracking everyone who comes to our auctions just what advertising works and what does not. In fact, every auction we have ever conducted has tracked every bidder as to how they found out about the auction. We have done some very high profile auctions for distinguished celebrities where we auctioned their mansion, automobiles and all the contents of their homes and used zero print media. One was a three time Super Bowl player and at his auction there was not even standing room available. Over 200 people attended and it was in February we had just had 18 inches of snow and had to have the place “plowed out” for people to attend. I was told by several of our auctioneers, “Skip, you must get something in the paper.” I said, “With the advertising rates they have and what little space they give you? No way!” Now did I care about my client? Absolutely! Enough to make sure I was not about to waste his money on what I knew did not work. His auctions were a huge success and he was very pleased with how we did all we could to save costs and make him the most money possible. Never be afraid to ask the hard questions to an auctioneer. They are to be doing what is right by YOU, the client. I hope this article gives you some insight into how you can know if an auctioneer is being a good steward of his client’s best interests. If you have any questions, always feel free to reach out to us from our website, www.TrueBlueAuctions.com and let us make certain your hope by faith through grace today. Acquire the most well-liked download wordpress plugin readily available today, you'll find both free and superior plugins right here. We have checked the whole internet, examined hundreds of suggested Wordpress plugins and picked the very best. Discover technology industry the latest innovation updates, featuring brand-new product releases, revenues figures and tech sector efficiency details. Read guides on brand-new gizmos and prototypes for future innovation. local seo people need to and ought to not be doing on your Web pages to make them rank higher in search engines. In a continuously transforming SEO garden, it is important to remain updated with the transforming techniques and techniques of optimization. The very best site for free vpn 2013, updates and tips. It provides you services, attributes and options that no various other website will certainly supply you. Do remember to see our site every once in a while due to the fact that we will be continuously updated and reveal you the incredible VPN offers that you could be considering. Which VPN carrier supplies the very best Premium VPN accounts available? The only individual Ideal VPN Reviews site tests and reviews all superior VPN solutions. Search Engine Optimization Software application for all your SEO & PPC Management requires. for both on and off web page study and also spying on your rivals. Traffic Travis Unleashed permits you to name a few points to do a key words research, a rival evaluation and an on-page study. It additionally has a features that allows you to do rank tracking on multiple key phrases. They do likewise have an expert version, however you don't require that to start with.