Archive for the ‘Sellers’ Category

Athletes are Opening Their Homes to the Highest Bidder

October 24th, 2013 by Ori Klein

Image Source Concierge Auctions

It’s no secret that celebrities seem to acquire excessively elaborate homes, where features such as a bowling alley and indoor swimming pool are almost a necessity. Famous athletes are fond of these sprawling mansions as well, though it seems that many can forget to tabulate the cost of maintenance when purchasing such an enclave. And although the housing market is slowly starting to improve, today’s home buyers are seeking more economical living spaces rather than overblown McMansions that carry astronomical monthly upkeep. Hence, many top athletes have recently been going the auction route to sell their homes – sometimes by choice, sometimes not. Read the rest of this entry »

Is it Time for Your First Home? A Guide for Young Professionals and Millennials Buying Their First Home

September 24th, 2013 by Hudson & Marshall

Are you a young professional trying to live the “American Dream?” For many millennials, this includes graduating from college, pursuing the career they love and making big first purchases, like buying a home, with financial stability and support from loved ones.

The first step to buying any home is to first make sure you’re ready. Buying is a commitment, so understand that purchasing a home comes with more responsibilities and upkeep costs compared to renting. However, there are several benefits including the ability to customize your space, an increased value on the home in the future, paying off your mortgage entirely and tax benefits. Once you know you’re ready, it’s time to start the process. Below are some tips to get you headed in the right direction:

“Where do I start looking?”

When starting your house search, begin by checking the selling prices of homes in your area or the area in which you want to live. There are several ways to search home values, including Zillow, Trulia, the national MLS listings website and smartphone apps such as Homesnap. Another option is to purchase a home at auction. Companies such as Hudson & Marshall specialize in conducting nationwide home auctions for foreclosed properties and offer ways to search for these homes through online auction schedules and state search maps. Read the rest of this entry »

Real Estate’s Summer Synopsis

September 4th, 2013 by Ori Klein

With summer now at a close, real estate industry professionals are assessing the steady progress being made in the property market. With interest rates still historically low (though starting to climb) and bidding wars actually making a comeback, one can get cautiously optimistic that the economy is on the upswing.

The most notable sign of this was the incredibly low amount of inventory on the market. Sparse offerings that have been witnessed in California before the summer began are now being seen in several major markets. reports, “July’s real estate market data shows the nation experienced a 5.24 percent decline in housing inventory, which is the second month in a row with year-over-year inventory declines in the single digits…While California markets have dominated the list of markets with the largest housing inventory declines in the first part of 2013, they have been replaced by a new set of market leaders including: Detroit, Michigan; Boston; Denver; Honolulu and Naples, Florida. The large decreases in the for-sale inventory in these markets suggests the beginning of a housing market recovery process similar to what was observed in Florida in 2011, and in California in 2012 and 2013.” Read the rest of this entry »

House Flipping Finds its Way Back to the Forefront

August 1st, 2013 by Ori Klein

For the past several months, we’ve all been hearing the good reports on the housing market – prices and sales on the rise, lower inventory and interest rates, slowing foreclosures – a definite step in the right direction for real estate overall. This upswing in the property market brings with it a resurgence of ‘house flipping’ – a practice that went viral before the housing bubble burst in 2008, where investors buy a distressed property to fix up and put back on the market for a profit within 6 months. ABC News reports, “According to RealtyTrac, flipping is making a comeback in this housing market. The market is currently on track to hit record highs this year, up almost 20 percent from last year.”

The fact that housing costs haven’t topped out yet is also a lure to flippers. “Prices across the U.S. are rising at their fastest clip since the height of the housing bubble in 2006, up 12.1 percent in April from a year ago, according to the Standard & Poor’s/Case-Shiller 20-city index. But prices are still at least 25 percent below peak levels in many markets, which is giving flippers an incentive to keep buying and selling aggressively,” according to Anjli Raval of Financial Times. Read the rest of this entry »

Sealed Bid Sales – A Profitable Option

April 25th, 2013 by melissa

Buyers and sellers alike are most often drawn to live, open-outcry auctions in real estate. Who doesn’t love the excitement of a fast-talking auctioneer and a competitive crowd angling for the winning bid of a much-coveted property? Our recent survey showed that once again, this type of auction ranked number one as the most successful among our clients in selling a property. Although this appears to be the norm, Sealed Bid auctions are starting to make more noise in the industry. While the Sealed Bid auction rated in last place under most successful auction type, this option comes with many benefits when dealing with specific sales. Read the rest of this entry » Annual Survey of the Real Estate Auction Industry

April 23rd, 2013 by Ori Klein

Once again, we conducted our Annual Survey and polled real estate auctioneers nationwide this past January. Our clients provided answers to a range of questions about industry activity in 2012 and their projections for 2013.

Topics covered in our survey:

Residential Properties
Single family homes, condominiums and coops were the most common type of residential property brought to auction as reported by our auctioneers.

For more charts and numbers download our annual survey of the real estate auction industry

Commercial Properties
Auctioneers were asked to provide us with the most common commercial property type brought to auction – this time Industrial/Warehouse and Agricultural ranked number one. Read the rest of this entry »

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