REALTORS and Real Estate Agents, Brokers are taking a Second Look at the Auction Method

REALTORS® are taking a second look at the Auction Method

Robert B. McArtor, REALTOR® with Long and Foster Real Estate, Inc. and Noted Real Estate Auctioneer in Maryland has been working with and educating Real Estate Agents on the Auction Method of Marketing since 1991. "It was tough in the beginning", Robert explains the early days, "Why would an agent want to turn a client over to an Auctioneer? Don't they just sell antiques, cars and furniture?".

According to the National Auctioneers Association, Residential real estate auctions continue to be one of the fastest growing segments of the live auction industry with an estimated growth of 3.1% since the end of the second quarter. Total real estate revenues for 2006 include: Residential Real Estate ($16.0 billion), Commercial/Industrial ($15.0 billion), and Land/Agricultural ($25.3 billion).

Now with a changing market, Auctions have become a popular method among aggressive sellers to sell their property. "This is certainly a win-win situation for everyone involved......Sellers need to sell their house, Agents want a commission, the Auctioneer utilizes the Auction Method to market the property and the entire process ends at the settlement table in less than 60 days."

Robert McArtor has been Auctioning Real Estate since he was 21 years old. Now, at the age of 38, he is celebrating 17 years in the business and recently realized over $25 Million in sales in 2007 alone. "Between foreclosure auctions, home owner ordered sales, this has been a very busy year.........we are expecting to see a tremendous rise in auctions through-out the Baltimore-Metro area." Mr. McArtor says that more and more Sellers are frustrated with the lack of Buyers in the market place and are looking for a quick sale. With the Auction Method, the Seller can sell their home in "As-Is" condition with a non-contingent contract, eliminate high carrying costs and settle in as little as 30 days. "I love explaining the Auction Method to Realtors®. Once they have the knowledge, it's simply a matter of suggesting an Auction to a qualified client". Robert goes on to say, "The fact that I am also a REALTOR® and subscribe to a Strict Code of Ethics makes the Real Estate Practitioner and Client feel comfortable.....this is just an additional marketing tool the agent can use and get PAID to use it!"

Robert B. McArtor can be reached through his website, http://www.mdauctionsales.com/ or Directly at 1-443-392-4833

TOP BALTIMORE MARYLAND AUCTIONEERS and AUCTIONS, ROBERT MCARTOR, REALTOR

TOP BALTIMORE MARYLAND AUCTIONEERS and AUCTIONS, ROBERT B. McARTOR, REALTOR
We are Real Estate Auctioneers in Baltimore. Conducting Sales in Maryland, Harford County, Baltimore County, Baltimore City Auctioneers and Auctions through-out the United States. The right price for your property is the one set by a competitive market. There is no faster, more direct way to ascertain your property's value than with Robert B. McArtor, recognized REALTOR® with Long and Foster Real Estate, Inc. and Auctioneer. Our aggressive, customized marketing programs are specifically designed to attract the largest possible pool of qualified buyers. Through the competitive bidding process, buyers and sellers quickly learn what the market will pay for a property. "Let us place your property in an "Accelerated Auction Marketing Program" and we"ll mark your properpty SOLD! Other Auction Companies to Choose from are Alex Cooper Auctioneers, A.J. Billig, Auction Brokers, Richard Opfer, Express, Dance, Campbell and others.

Auctions Are Often Thought of as "Fire Sales" For Properties in Distress. Is this True?Until recently, real estate auctions, unlike art and antique auctions, have experienced unfounded negative images in the marketplace. The majority of auctions today don't result from foreclosure of distress situations, but rather are the result of a seller choosing a cost-effective, accelerate method to sell a property. Builders or financial institutions, for example, prefer auction rather than laboring for months or years to sell units of a development one by one. Auctions in Baltimore City allows the seller to eliminate virtually all long-term carrying costs, passing the savings directly to the purchaser in the form of a reduced price. Auction is truly a win-win situation: sellers obtain immediate cash and buyers purchase properties at fair market value, the price determined by open, competitive bidding. Maryland residents enjoy the advantages of the Auction Method in Baltimore City.What Factors Impact the Success of an Auction in Baltimore?

The seller must have realistic expectations, including a fair sales price, terms and timing.
The desirability of the property. This includes location, conditions, plus the value of surrounding properties.
Since a variety of auction methods are available, carefully choose the auction type that best suits the property and the seller's needs. Maryland has seen a great success in the Auction Method of Marketing Properties.
A well planned, aggressive marketing/advertising campaign targeted to prospective purchasers is critical to an auction's success.
Using a recognized real estate auction company or a REALTOR® auctioneer to ensure the auction is conducted in a professional manner and followed-up through closing. We serve Harford,Baltimore, Cecil and Surrounding Areas.
Making sure that due diligence information is provided to prospective buyers AHEAD OF TIME.
Preparing the property for sale so it is presented to prospects in its best condition. (i.e.., title insurance, clean-up, financing, etc...)
Most properties are salable by auction. All types of real estate, including residential property (e.g., town homes, condominiums, cooperative apartments and single-family homes), commercial and industrial property, vacant land and even boat slips are sold at auction. Not all property, however, is suited for auction. If a property will only appeal to a narrow market, auction may not be the most effective marketing method.

TOP AUCTIONEERS and AUCTIONS in HARFORD COUNTY

TOP Harford County Maryland Real Estate Auctioneers and Auctions, Homes for Sale, Realtors and Real Estate Agents. Go Now To http://www.harfordadvantage.com/ or Call Robert B. McArtor today at 410-879-0622.

Harford County real estate agents in Maryland, Find and Search for Harford County homes for sale, and Harford home values in Harford County. Get access to Harford County real estate listings on our website, including the MLS and Homes Database, We are Harford County REALTORS. Find new homes and foreclosures, investment properties with Maryland HOMES Team and Long and Foster Real Estate, Inc. Our real estate services feature all Harford County and Maryland cities and suburbs. We can help you Find Harford County school district information, including elementary, middle and high schools. We also have information on Harford County home selling, home buying and mortgages, movers and other realty services for anyone looking to sell a home or buy a home in Harford County Maryland. Become a VIP Buyer and start receiving HOT NEW LISTINGS that match your home buying criteria. Start searching for Homes in Harford County today!

Maryland HOMES Team provides Harford County, Maryland real estate information and resources to guide homeowners and homebuyers through the process of selling and buying a house, condo, town home, land or other Harford County realty property. Long and Foster Real Estate, Inc. has services to help you find a Top Harford County real estate broker or agent, get the value of your Harford County home and a comparative market analysis (CMA), view Harford County real estate and MLS listings, prepare and stage your home for sale, and lots more. Our real estate library of valuable information located at www.VIP.MarylandsHomeTeam.com which contains articles to help anyone selling a home or buying a home learn more about Harford County realty services, and how to choose a work with Robert B. McArtor, your Harford County REALTOR. Through our Team Members, we also provide real estate and financial services to our clients looking for houses for sale or selling their home in Harford County, MD, such as mortgages, credit history, new homes, foreclosures and other services. If you plan to do for sale by owner (FSBO), with Robert B. McArtor, you are connected to Harford County real estate companies, agencies and resources to sell or buy a home. Whether you say REALTOR®, reality, realety, realty, real estate or realestate, Maryland HOMES Team will speak your language. Contact us Toll Free at 1-877-421-SOLD or Robert McArtor directly at 443-392-4833. Robert B. McArtor is also available for BPO’s and REO listings in the Baltimore Metro, Baltimore County, Cecil County areas

Advice to the Buyer of Property at Auction

Advice to the Buyer of Property at Auction

In a sale by offer and acceptance, you can write special conditions into your offer to protect
yourself. These special conditions may include repairs to the property, building inspections or
termite inspections. However, in an auction you do not have this option. As a result, purchasing
at an auction can be riskier than purchasing through sale by offer and acceptance. Preparation is essential If you have decided you wish to bid at an auction, it is recommended that you have finalized finance arrangements and have developed a good understanding of what the property is worth. As auctions are generally cash sales, you will need to arrange all finance beforehand.You will also need the amount of the deposit price as this is paid at the close of the auction. The primary duty of the real estate agent and the auctioneer is to look after the seller’s interests. It is therefore wise to ask the real estate agent as many questions as possible about the property, inspect the property carefully, and do your own checks on the property through the local council and other relevant authorities. The Real Estate and Settlement Advisory Board’s (REBA) publication Buying a home through an agent can provide further guidance on the types of checks you can do on a property before buying. Before bidding at an auction, it is wise to have formed your own view about the value of the property. You will not be able to rely on the actions of other bidders to give you an idea of the property’s value because some people may be bidding for the seller. The seller may make their own bids up to the reserve price. The seller’s real estate agent, the auctioneer or other people may also make bids on behalf of the seller up to the reserve price. This is common in all types of auctions. It is recommended that you check if the seller intends to bid by reading the Auction Particulars and Conditions of Sale of Freehold Property contract prior to the auction. If you become the successful bidder, you will need to immediately nominate a settlement agent or lawyer to transfer the land title and conduct settlement for you. It is therefore best to decide on your settlement agent before the auction. Bear in mind that a settlement agent who is unconnected to the seller or the seller’s real estate agent is preferable because they are less likely to experience a conflict of interest when representing you.

Why Buy or Sell Using the Auction Method in Maryland?

Buying or Selling by Auction in Maryland, Baltimore City & County, Harford County, Cecil County Areas

1 - Competitive Marketplace The auction method of marketing creates a form of competition that cannot be duplicated by private treaty. Each bid reinforces the market value of the property. This affirmation of value encourages other participants to continue bidding. Within all of us is a tremendous need to win. In a traditional real estate sale the buyer satisfies this need by negotiating the seller down. In an auction the buyer can only win if he outbids all other bidders.The auction brings all interested parties into one place at the same time for a single purpose - to determine who will pay the most for the property. All interested parties are "forced" to make a decision. Getting an interested person to act is the most difficult thing for a private treaty broker to do.

2 - ControlThe terms of the auction are established by the seller. All buyers are bidding based on a common set of terms and conditions. The seller stays in the driver's seat throughout the process.

3 - Immediate Results When the sale is over we will provide to you a signed purchase contract with a deposit check. After the contract is completed, the sale will be closed in about 45 days. The principle of time value of money suggests that a dollar received today is worth more than the same dollar to be received at a later date. The traditional method of private treaty sales has little ability to capitalize on this principle. While real estate may never be as liquid as stocks or securities, the auction method increases your liquidity significantly. The auction will reduce your cost on two fronts. First, the holding cost of the property is eliminated. The auction will terminate expenditures such as: interest, taxes, and maintenance. Second, there is the cost of lost opportunities. Consider what investments might be lost while your equity is tied up in unproductive properties.Let your equity work for you!

4 - PromotionThis is one of the strongest advantages of our auction method - the promotion of your property.It is inconceivable to believe that anyone would attempt to sell a product such as a house or other real estate without properly advertising it. However, real estate agents find it difficult to do a proper job of advertising simply because the funds are not available. No one knows when or if the property will sell; therefore, it is difficult to risk a large expenditure on advertising. With an auction, we can effectively determine when the property will sell; therefore, the owner can afford to attribute a certain amount of that sales price to advertising. By using signs, print media, electronic media, the internet and a direct mail campaign we can perform a media blitz that will reach all the prospective buyers.We can put more people across your front door in two weeks time than you would otherwise see in two years!

5 - ExcitementExcitement and motivation are used to the fullest with a public auction. Professionally trained ringmen apply continuous motivational pressure to the buyers to gain every dollar possible. This sense of excitement works to create the psychology of impending sale, which is so critical to the success of your auction.It is the interaction of these five areas, which make Advantage Real Estate Auction Sales, LLC. today's most successful methods of marketing.

Call Robert B. McArtor, REALTOR / Auctioneer, for more information 1-877-421-SOLD or Cell 443-392-4833 - Estates, Residential, REO Auctions, Commercial, Trustees.