Sellers Need Patience and Exposure or their Homes in Maryland

Real Estate Foreclosures and Selling Your Home in the NEW YEAR!

What will 2008 hold for the Foreclosure Market.

As the new year approaches, I am constantly thinking of what 2008 holds for many homeowners trying to sell their property. I am constantly taking phone calls from nervous sellers that think the Auction Method may be the ONLY viable way to sell their home. The reality is, after looking closely at the numbers, very few would even qualify for a successful "Traditional" Auction Sale. The auction method can meet several needs for the seller however is not meant for every property.

So...what is the alternative? If your property is listed with an aggressive Real Estate Agent...it's "Patience and Exposure". I tell sellers to be patient in this market. Your "Days on Market" have increased. Be aggressive with your price to reflect your market and condition. Price it according to condtion! I can't stress that enough. The next is "Exposure". Where is your property being advertised? Do you have a Visual Tour with statistics? (not just a glorified slide show). Can you find it easily on the internet knowing 4 out of 5 buyers start their home search on the internet? Many will eventually find a home starting with the internet. There is a lot of inventory for buyers to choose from. Get your property out there for the world to see! On a side note, buyers are looking for the best deals and certainly don't want to make a huge purchase in a downward market. Make your property attractive with incentives, i.e. closing cost assistance, etc.

Since October 2006, housing prices have taken an average 6% reduction. This is difficult for many sellers to swallow. In the world of Real Estate this is coined as tragic for home owners. In any other market however (Retail, Stock Market), it simply becomes a "Buying Opportunity". In my market covering Maryland, Baltimore, Harford and Cecil County, I believe Buyers will be and ARE coming out of the woodwork! I have instructed my team to be patient with the "tire kickers". They WILL be buyers soon.

What does 2008 hold for the Real Estate Market?

The short answer is it may be a difficult year for sellers who have not planned early enough to market their homes. Too many homeowners have taken on mortgages that are not realistic for them to re-pay. The last minute decisions to sell a home hoping for the magical contract to come in before being foreclosured on is not realistic. In most cases this will not happen. I am noticing Deed of Trusts that are less than 2 years old heading for foreclosure. Most are not "Sub-Prime" loans or so-called "shady" adjustable rate mortgages.

Out of the 7 auctions I conducted today, December 28, 2007, only 1 was an adjustable rate mortgage. Not all Foreclosed Property owners were "victims" of the sub-prime market! Most simply victimized themselves by chasing the Dream of owning a home they could not afford. The great thing I love about being a human on this earth is....we are allowed to make mistakes. Some costs are greater than others.

In early January 2008, there are 190+ Foreclosure Auctions I am scheduled to conduct over a 3 day period. This will cover only 4 counties in Maryland. Lenders will be over-run with properties which means a buying opportunity for investors and others. The difficult times for a few are still ahead. If you find yourself falling behind on payments, PLAN AHEAD! Talk to your Lender. If things cannot be worked out and you have enough time. Talk to your REALTOR® or local Real Estate Auctioneer. If you live in Maryland. There is only one phone call you need to make. We are here to help.

Have a Great New Year!

Robert B. McArtor, REALTOR and Noted Real Estate Auctioneer

Long and Foster Real Estate, Inc.

1-877-421-SOLD

http://www.MarylandsHomeTeam.com/

http://www.harfordadvantage.com/

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

HARFORD COUNTY SHERIFF's OFFICE TO AUCTION UNCLAIMED PROPERTY in FOREST HILL, 21050

THIS AUCTION HAS BEEN CANCELED FOR AN UNKNOWN REASON

Harford County Sheriff's Office is planning to sell a large collection of unclaimed property in Forest Hill Maryland, 21050.

Some of the items will include Diamond Rings of various sizes, a selection of flatware, silver coins of various years and many collectibles. Other items include scooters, tools, electronics, laptop computers and much more.

The Public Auction is scheduled for July 26th. at 10 A.M. at the Forest Hill Industrial Park in Forest Hill, Maryland. The property will be sold by Jay Edwards.

STOP PAYING RENT and OWN YOUR OWN HOME FOR PENNIES DOWN

If you're like most Renters in Maryland you feel trapped within the walls of a house or apartment that doesn't feel like yours. How could it when you're not even permitted to bang in a nail or two without a hassle. You feel like you're stuck in the renter's rut with no way of rising up out of it and owning your own home.
Well don't feel trapped any more! A new FREE Special Report entitled "How To Stop Paying Rent and Own Your Own Home" has already helped dozens of local renters in Maryland, Harford County, Baltimore County and City get out from under their landlords finger, and move into a wonderful home in Maryland they can truly call their own. You can make this move too by discovering the important steps detailed in this Free Special Report.
It doesn't matter how long you've been renting, or how insurmountable your financial situation may seem. With the help of this report, it will become suddenly clear to you how you really can save for the down payment and stop wasting thousands of dollars on rent. Simply click on the link above for more information.

Robert B. McArtor, Noted Local REALTOR and Licensed Auctioneer in Maryland with Long and Foster Real Estate, Inc. and Managing Member of Advantage Real Estate Auction Sales, LLC. serving the local real estate market in Maryland.

6 MISTAKES to AVOID WHEN MOVING OR RELOCATING TO A LARGER HOME IN MARYLAND

A new reports has just been released which identifies the 6 most common and costly mistakes that homebuyers make when moving or relocating to a larger home. Whether you are looking to relocate to Baltimore County, relocate to Harford County or relocating to the surrounding areas. This information will be helpful to you.

Unlike the experience of buying a first home, when you're looking to move-up, and already own a home in Maryland, there are certain factors that can complicate the situation. It's very important for you to understand these issues before you list your home for sale.

Not only is there the issue of financing to consider, but you also have to sell your present home at exactly the right time in order to avoid either the financial burden on owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings.

In answer to this issue, industry insiders have prepared a free special report entitled "6 Inside strategies to Avoid Trade-Up Mistakes."

These six strategies will help you put your home on the market in anticipation of moving to a larger home. Click on the link above for this special report or you can simply contact Robert B. McArtor at 410-879-0622 for additional information. Robert McArtor is a Noted Local REALTOR and Licensed Real Estate Auctioneer with Long and Foster Real Estate, Inc. and the Managing Member of Advantage Real Estate Auction Sales, LLC.

REAL ESTATE AUCTIONS, FIRE SALES for DISTRESSED PROPERTIES?

Auctions Are Often Thought of as "Fire Sales" For Properties in Distress. Is this True?

Until recently, real estate auctions in Maryland, unlike art and antique auctions, have experienced unfounded negative images in the marketplace. The majority of real estate 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. For years, Auctioneers in Maryland like Alex Cooper, Advantage Real Estate Auction Sales, LLC., A.J. Billig, Express Auctions have worked with Sellers of Real Property through-out Maryland. Auction 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.

What Factors Impact the Success of an Auction?

1. The seller must have realistic expectations, including a fair sales price, terms and timing.
2. The desirability of the property. This includes location, conditions, plus the value of surrounding properties.
3. 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.
   
4. A well planned, aggressive marketing/advertising campaign targeted to prospective purchasers is critical to an auction's success. My company has been very aggressive with this...even going as far as offering a "$1,000 SOLD" guarantee!
   
5. Using a recognized real estate auction company such as Advantage Real Estate Auction Sales, LLC. 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.
   
6. Making sure that due diligence information is provided to prospective buyers AHEAD OF TIME.
7. 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.
If you have any questions, please feel free to contact Robert B. McArtor at 410-879-0622

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.