Property Auction Blog

In a down market the first major asset one will sell is their vacation home. Those who have held off buying now have a great opportunity to pick up their dream second home at a real discount. When the general market was hot, so was the second home market. Prices skyrocketed and inventory was scarce. [...]

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The most efficient way for large scale corporations to sell real estate assets today is certainly through a real estate auction. We all know real estate brokers are struggling right now with an overload of property sitting in their inventory. These properties are taking months and sometimes years to move. While the corporations are waiting [...]

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Developers have traditionally offered incentives in some way or another especially in the last couple of years as the market really began to take a nose dive. A free parking spot, the “premium” furniture package, we’ve even seen golf carts offered: all incentives to get buyers interested in the development. We all remember that when [...]

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For the last few years we’ve seen auction companies go from single asset auction events to multi-property events that contain sometimes tens if not hundreds of properties.
Mostly the residential auction houses enjoyed the larger multi-property events but now we’re starting to notice that commercial auction events are getting larger. Is this a sign of a [...]

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Seems like realtors are trying more and more to get in on the auction fun these days. Many realtors are partnering with auction companies to get their client’s properties sold with the time-defined auction method.
Some realtors are holding on to properties for 6-12 months these days with no end in site. The question is: [...]

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It’s been a while- 25+ years or so since the big condo sell off craze of the 1980’s. Auctioneers are warning developers to think about the mistakes that others made at that time and don’t get caught with a building full of empty units. Those who did back then, paid dearly for it.
Marsha Wolak Auctions [...]

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If you’re a celebrity or just going to jail in a heavily media covered case, you might benefit from a real estate auction. Although the seller of Michael Vick’s dogfighting compound failed to sell, the “developer” who bought the place certainly got a lot of attention for the sale. Jack Welch was successful in selling [...]

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Some sellers these days that are behind on their mortgage or in the foreclosure process have very few options when it comes to dealing with their lender. Turning to an auction company before a foreclosure occurs might be the answer.
We are seeing a lot of “pre-foreclosure auctions” out there. This means that the auctioneer [...]

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Some auctioneers in certain pockets of the country seem to be constantly changing the terms of sale. With the changing markets this is to be expected but how does giving the seller the right to think about the bid for a certain period of time affect the auction?
In the past we have seen the [...]

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We are seeing a lot more absolute auctions coming across our screens these days. We all know that means the most “motivated sellers” who are willing to accept the high bid at auction, regardless of price, have put their property up for auction. But is an absolute auction that only has two or [...]

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