Good morning for Austin's Hill Country. I hope all of you Fathers enjoyed your special day Sunday.
Today, let's touch on a question that I'm asked on occasion, one I heard this weekend, which is "I am not quite ready to try a non-distressed luxury home auction, what should I do for now?" Whether it is my recommendation to a seller that I don't think they are quite ready for the auction route or they express that opinion to me, I always want to do what is in my seller client's best interest. Re
I write you all today from high in the mountains where I am viewing a luxury mountain cabin that will be auctioned in a couple of weeks. I overheard one of the other parties touring the home ask someone from the luxury real estate auction company how much in arrears (how behind) the owner was on the home owner association dues. That person automatically assumed that because the home was being offered at auction that the seller was distressed. Not surprisingly I heard the representative tell
I was visiting with sellers yesterday and without fail, the subject of an absolute auction came up as the focal point of the conversation. For those of you who don't know what an absolute auction is, it means that the property being offered is supposed to sell to the highest bidder, regardless of price. I use the word "supposed" as I see that some luxury real estate auction companies out there using absolute auctions don't see it that way. Sadly, they advertise the property as absolute only t
A lot of you agents and brokers have been asking me lately my opinion on bringing up the idea of a luxury home auction with your client so let's tackle that question to close out the week.
First of all, I am happy that you are thinking "outside of the box" and trying to do something different for your client. I realize that most of your clients may not be a candidate for something like a high end home auction but I think you would be surprised in the number that may be.
I see the initial ment
Let's close out the week by discussing a common trait found in most of the luxury home auction sellers I work with on a weekly basis. You've heard me mention here numerous times the profile of a typical seller which is that they usually are not distressed and don't have to sell. They are usually selling because they are moving, downsizing, wanting to be closer to family (often grandchildren) or there may be health issues.
Today, let's look at a different angle which is the personality of many