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Real Estate Auction Options Principal Gary Gilbert discusses luxury real estate auctions for both sellers and purchasers.

Blog entries categorized under Real Estate Auction

What is the Best Time of Year to Conduct a Luxury Home Auction?

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Sunday, 11 October 2015 Category Real Estate Auction

Well, here we are again knocking on the door of Thanksgiving then rolling right into Christmas.  A few of you have squeezed in a year-end auction event while the rest of you are now booking 2016 events.

So, what are the best times of the year to conduct a non-distressed premier home auction? It really depends on where your property is located.  If you are in South Florida or Southern California, any month is typically fine.  However, January seems to be one of the slowest months with the hangover from Christmas and New Year's lingering.

My two favorite months to conduct luxury real estate auctions are March and April. Things are greening up in most parts of the US, the weather is changing and important business decisions are being made.  Do the math and with a two to three month marketing campaign prior to an event, one needs to begin the dialogue regarding their event soon.

How does it all work for me the owner?  How am I as an agent involved?  Who is the best luxury real estate auction company for me?

I am happy to answer these and all other questions you may have.  Reach out to me anytime.

Gary

Tags: luxury real estate auctions X real estate auction companies, auction my luxury home, luxury home auctions, best time to auction luxury home

Why Would a Company Postpone a Luxury Home Auction?

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Sunday, 24 November 2013 Category Real Estate Auction

How Luxury Real Estate Auctions Determine Real Worth.

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Monday, 11 November 2013 Category Real Estate Auction

My Client Has Asked Me About Non Distressed Real Estate Auctions- Tell Me More

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Thursday, 20 September 2012 Category Real Estate Auction

I am happy to say that I am hearing from more and more of you agents each week whose clients have asked you to look into the non-distressed real estate auction option. Whether you specialize in luxury or non-luxury homes, I would be happy to guide you through the world of real estate auctions.

Most of the clients of their agents I advise do not have to sell and usually have a good equity position in the home or many times no debt at all.  The home has usually been listed for an extended period of time with few legitimate offers that probably included contingencies.  The seller is often trying to close a chapter of their life and the sale of their home is the one thing keeping them from doing such.  In addition, it is common that they are moving, downsizing, retiring, or there may be health issues.

My job is to work with you and your client in determining the best real estate auction company suited for your client's situation.  While I specialize in luxury properties, I would be happy to advise you as well on non-luxury properties.

The real estate auction company you work with makes all the difference in the world.  I like to work with firms who compensate the agent fully and engage them deeply in the process.  Our services are complimentary to you.  Please reach out anytime to begin the dialogue.

Tags: real estate auction companies, real estate auction agents, luxury real estate auction companies, luxury property auctions, luxury real estate auctions, exclusive property auction companies, luxury property at auction

Are Luxury Auctions Used for Things Other than Real Estate?

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Tuesday, 08 May 2012 Category Real Estate Auction

It seems like I'm mostly writing about luxury real estate auctions here even though there are many other luxury assets in which an auction can be a good fit.  Some of those assets may include: art, automobiles, or yachts.

While the asset classes mentioned above are very different than that of luxury real estate, the concept and the benefits are very much the same-  Conduct an extensive advertising and marketing campaign to inform sellers about the upcoming event. Use a date-certain event to create urgency on behalf of affluent buyers. Require buyers to tender a non-refundable deposit with a cash, contingency-free 30-45 day closing.

Which asset class or classes are you considering an auction for?  If a luxury property auction is in your future, we would be glad to help by providing expert advice.  If it is something else, we would be happy to refer you to one of our counterparts in that sphere.

By the way, my new video blog is now live. Please click here to view.

Tags: luxury property auction sites, luxury real estate auction sites, luxury estate auctions, luxury home auction companies, luxury home auction company, luxury property auction companies, luxury property auction company, luxury real estate auction companies, luxury real estate auction company, luxury property auctions, luxury property auction, luxury real estate auctions, luxury real estate auction

Companies Specializing in Luxury Property Auctions

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Wednesday, 18 April 2012 Category Real Estate Auction

More and more, I am seeing either owners or traditional real estate firms attempting to conduct  luxury real estate auctions. While I applaud them on thinking outside of the box by trying something new which is proven, I do not applaud their copy cat approach.  Many think that conducting something like a luxury home auction is simple- they pick a date, do some advertising and hope for the best.  The problem with this, based on my observance of the handful of recent auctions conducted by non-luxury auction companies, is that it typically does not work leaving a bad impression on our industry in general.  Why does it typically not work?  Because conducting a successful real estate auction, especially at the "high-end", requires years and years of experience.  There is a lot of psychology involved as well as strategies only understood by someone or some company that has been in the luxury property auction business for many years.  It is an extreme example but you wouldn't want a podiatrist performing your brain surgery would you?

So, what is a broker, agent or owner to do?  First and foremost, they need to select the best luxury real estate auction company to handle their event.  Most will start their search online and go from there.  In my opinion, there are really only four or five choices with a couple of those firms' practices, both ethically and financially,  being questionable.  Most of their business models are pretty much the same.  However, buyer beware as each has their own pros and cons.

Our job is to help you sift through the luxury property auction companies competing for your business and make our recommendation based on your property and situation.  Please contact us anytime to begin the search.

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Is a Luxury Real Estate Auction for Me or My Client?

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Monday, 21 November 2011 Category Real Estate Auction

Alliances Between Luxury Real Estate Auction Companies and Traditional Firms

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Thursday, 17 November 2011 Category Real Estate Auction

Online Bidding for Luxury Real Estate Auctions

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Monday, 14 November 2011 Category Real Estate Auction

Luxury Real Estate Auction Budget Breakdown

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Thursday, 10 November 2011 Category Real Estate Auction

Luxury Real Estate Offering Methodologies

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Tuesday, 08 November 2011 Category Real Estate Auction

Luxury Real Estate Auction Upfront Costs

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Monday, 07 November 2011 Category Real Estate Auction

Budget Amounts for Luxury Real Estate Auction Companies

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Tuesday, 01 November 2011 Category Real Estate Auction

Offers Submitted Prior to a Luxury Real Estate Auction

by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Wednesday, 26 October 2011 Category Real Estate Auction

Sale offers prior to sale date at luxury real estate auctions are often taken.

Tags: condo auction, ranch auction, luxury home auction, real estate auction companies, real estate auction company
by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
User is currently offline
Tuesday, 11 October 2011 Category Real Estate Auction
by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Monday, 10 October 2011 Category Real Estate Auction
by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
User is currently offline
Friday, 07 October 2011 Category Real Estate Auction
by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Thursday, 06 October 2011 Category Real Estate Auction
by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Wednesday, 05 October 2011 Category Real Estate Auction
by Gary Gilbert
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Monday, 03 October 2011 Category Real Estate Auction
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