Summertime auctions are the best!
January 18, 2010Enjoy the outdoors at old time auction. Nothing like scrummaging through boxes for great fines.
Enjoy the outdoors at old time auction. Nothing like scrummaging through boxes for great fines.
I recently performed a google search on Cincinnati stores, just to see who competed with me in that space for my online stores on www.alldoneads.com.
I recognized a few classified sites, but an interesting store came up, selling logo merchandise. So I did an ip website address look-up, to see who actually owned the store, and found it was someone in California.
So if you want to know your buying from someone local, you might check the about us or contact us, if the tabs exist, if not, you may also check one of the many sites that will look up website owner’s ip, they give registration information which may include a company name and address. If it is hidden, you might want to think twice about who you are buying from and whether it is near or far away. Please support your local small business, buy local!
Vicky
Just to highlight some of the great benefits of listing your items for sale on www.alldoneads.com
Free classified ads for individuals!
Add great pictures easily!
Re-listing can be done with click of mouse, you don’t have to keep re-listing ads to get top position.
Ads can be found easily by using search, drop down categories and radius search on zip code.
The site is highly optimized for Cincinnati Ohio and extra text on pages improves search engine optimizations so buyers find you.
My Alexa ranking is increasing between 100-200 points weekly!
If your not getting the response from craigslist, give me a try, support the local economy by listing and buying locally!
Small business, I am offering special pricing through year end, so give me a try, call for pricing information.
Vicky
The Orlando Regional Realtor Association (ORRA) has create a white paper-style Realtor Value list called “The Critical Role of the Realtor in the Real Estate Transaction” to its members for free download, so they can use the report to demonstrate their value.
Fair warning it’s a pretty length report with 180 points, some real estate agents do more, some do less. I’m one who believes in doing less, while doing more, it is called being efficient and who ever wrote the report never sold property at auction.
Let’s go through some of the main step that I do for auction of properties, it won’t take long.
They start with pre listing activities, but before you to pre-listing, they skip the whole step about prospecting, which is where a lot of agents spend most of there time these days, trying to find that home owner who is going to list there home for sale or find the buyer who wants to buy.
Pre Internet, everyone used the face to face approach, direct mail, referrals and newspaper advertisement. TV and radio were places that Brokers advertise, not agents. Today, we have all kinds of ways to find people, or to put another way, to have people find us. Agents still use the methods mention above, but now the Internet has unleash a whole new standard. Directory sites, advertising sites, social networks, TV and radio on the Internet and on traditional tv and radio, so there is a ton of new technology agents have to find and use including phones, camera’s video, publishing software, blogs and websites.
Any client that can’t see value in that should come work in the field. Agents are spending a ton of time & money learning and using these tools. Many of the tools have to be purchased or paid with monthly subscription fees by the agents.
As far as prospecting goes, I target specific price range and neighborhoods for listings prospects. I utilize online website for more general targeting to wider audience. I also find prospects through live and online auctions, an target market that the typical agent can not access. This makes me efficient and keeps my expense down.
My pre listing activities include a phone interview with the owner, and I will do a quick valuation to determine the margin and probable marketing plan, different homes warrant differ advertising. Wow that is short compared to their list of 20 points, the big difference that I see is agents spend a lot of time coming up with the price, I don’t care about the price, I’m not buying the home, the only price that matters is the one the buyer comes up with. A lot of the other items listed are from the days when information was not online.
The next step is the “Listing appointment”, This basically where I write the contract, review marketing plan, measure the rooms, take pictures/video, put up signs, put locks on the doors and get a check for marketing expenses.
Yes, clients pay for marketing expenses upfront, based on specific plan they have chosen rather than the plan created for the average listing, the company plan, have it subjectively rotated into brokers ad rotation.
Now that we are under contract the real labor of the deal kicks in. The home is entered into Multiple Listing Service, on numerous website, and on the many auction websites where you will not find traditional listings, so you get a little more coverage. Home inspections may be schedule if client choose to do it, I recommend it. I create a PIP(Property Information Packet) which contains on the information on the property such as tax summary, property disclosures, listing flyer, Terms and conditions of the auction. We then complete the marketing plan and prepare for the auction. That takes us up to about 109 on there list, This does seem like much but it is the most important part of the deal, it’s what gets the buyers to the auction. We compress the marketing time of 3-6 months of typical home in to 2-4 week period.
The home is open for inspections, the auction is called, sale is awarded and the contracts are signed. That takes a couple of hours, in traditional sale this can take days to weeks to get an accepted contract with no contingencies.
What’s left? Scheduling the appraisal, reviewing the hud, write the auction summary and attend the closing.
They may seem simple, it is a lot of work in compressed timeframe. It brings buyers to the table in urgent manner, ready to make a decision. It is efficient and fair!
I was just looking at the ranking reports in the Cincinnati Area MLS. Had to see if business is as bad or as good as everyone is saying. Looking at the numbers is looks like more than half of the agents should be saying it was a bad year averaging less than 6 sales. The top 100 agents had over 55 sales, most of these agents have assistance or buyer agents, so figuring out what their individual contribution to sales is a little harder.
The numbers tell me to get out, when you start adding up the cost of websites, prospecting, marketing material cost, education, time spent blogging, twittering, facebooking, licenses, and gadgets, it adds up to be very expensive, money and time. Duplicated by 2000 other agents all trying to sell themselves as the best agent when most buyers/sellers aren’t looking for the best, but looking for the most economical of time and money to get the job done. After all, it seems the internet has made everyone an expert!
So why not team up, become part of alliance and share the cost, time, and education. Are you tired of trying to learn every technology; trying to read every site with updated information; know every banker, appraiser, and home inspector; know every sale in handful of neighborhoods; and connect on every tool or social network? Keep more of your commission and work smarter not harder by joining an alliance.
I am bringing computer technology, database technology, internet experience, social networking experience, website development, lead generation, auctioning and real estate short sale experience to the alliance. What can you bring or focus area are you willing to learn?
Please contact me to learn more.
I pulled these numbers using a ranking report on Cincinnati MLS, using Hamilton , Butler, Clermont, and Warren counties, sales since 01/01/09. If you would like to run your own report and don’t know how, please email me and I will help you.
Let the prospect know that you are passing on their personal information to Real Solutions/All Done Auction and someone from our company will contacting them.
Discuss your intention to refer business with the prospect. Open the Broker referral Form or Non Broker Form
Fill in the form, Name and Phone number required, email is optional but preferred.
Email form to auctioneer@alldoneauction.com or fax to 513 829-2707
That’s it. We will take care of the rest. Your broker will be paid at the closing of real estate auction, the referral will show on HUD statement as line item.
For non broker transactions will be paid at time of settlement of the refered client.
Do you want to refer auctions, but don’t know enough or how to refer them, call me or attend one of my seminars. You will learn about the benefits of selling at auction, the auction process, auction statistics and be able to ask questions.