Comments on: Is This the New Magic Bullet? Real Estate Auction Buzz in the Phoenix Metro Area http://www.christophschweiger.com/general/is-this-the-new-magic-bullet-real-estate-auction-buzz-in-the-phoenix-metro-area/ Phoenix Real Estate Blog Wed, 03 Mar 2010 20:28:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Inside the Auction - National Real Estate Auction Corp. Auction Event in the Phoenix Metropolitan Area : Greater Phoenix Metropolitan Area Real Estate http://www.christophschweiger.com/general/is-this-the-new-magic-bullet-real-estate-auction-buzz-in-the-phoenix-metro-area/comment-page-1/#comment-143 Inside the Auction - National Real Estate Auction Corp. Auction Event in the Phoenix Metropolitan Area : Greater Phoenix Metropolitan Area Real Estate Sun, 17 Jun 2007 09:45:30 +0000 http://www.christophschweiger.com/general/is-this-the-new-magic-bullet-real-estate-auction-buzz-in-the-phoenix-metro-area/#comment-143 [...] auction at the Airport Marriott Hotel in Phoenix and I had to attend the event since I blogged about this last month. There were over 100 properties of all kinds consigned and approximately 80 to 100 people turned up [...] [...] auction at the Airport Marriott Hotel in Phoenix and I had to attend the event since I blogged about this last month. There were over 100 properties of all kinds consigned and approximately 80 to 100 people turned up [...]

]]> By: Scott Burrola http://www.christophschweiger.com/general/is-this-the-new-magic-bullet-real-estate-auction-buzz-in-the-phoenix-metro-area/comment-page-1/#comment-136 Scott Burrola Mon, 11 Jun 2007 19:25:31 +0000 http://www.christophschweiger.com/general/is-this-the-new-magic-bullet-real-estate-auction-buzz-in-the-phoenix-metro-area/#comment-136 More so than just live real estate auctions are online auctions where buyers aren't pressured into a deal on the spot. By employing online auctions, sellers give their buyers a chance to discuss such an important financial decision with family, friends and lenders. With your focus in Arizona real estate you might be interested in a current online auction I came across at Laughlin Ranch in Bullhead City. More so than just live real estate auctions are online auctions where buyers aren’t pressured into a deal on the spot. By employing online auctions, sellers give their buyers a chance to discuss such an important financial decision with family, friends and lenders.
With your focus in Arizona real estate you might be interested in a current online auction I came across at Laughlin Ranch in Bullhead City.

]]> By: Stacey M. http://www.christophschweiger.com/general/is-this-the-new-magic-bullet-real-estate-auction-buzz-in-the-phoenix-metro-area/comment-page-1/#comment-103 Stacey M. Thu, 17 May 2007 01:46:21 +0000 http://www.christophschweiger.com/general/is-this-the-new-magic-bullet-real-estate-auction-buzz-in-the-phoenix-metro-area/#comment-103 I haven't tried the auction...yet. I did try a "one day sale". We recieved a offer the day before,luckily. No one showed on the day of the actual sale. At least the buzz brought an offer! I haven’t tried the auction…yet. I did try a “one day sale”. We recieved a offer the day before,luckily. No one showed on the day of the actual sale. At least the buzz brought an offer!

]]> By: Christoph Schweiger http://www.christophschweiger.com/general/is-this-the-new-magic-bullet-real-estate-auction-buzz-in-the-phoenix-metro-area/comment-page-1/#comment-98 Christoph Schweiger Fri, 11 May 2007 18:10:40 +0000 http://www.christophschweiger.com/general/is-this-the-new-magic-bullet-real-estate-auction-buzz-in-the-phoenix-metro-area/#comment-98 The properties which are entered into the auction are advertised on the website of National Real Estate Auction Corp. Owners and/or their agents are supposed to hold open houses in order for bidders to view the property and to do their due diligence prior to the day of auction. In order to get in and bid, a deposit of $2,500.00 must be deposited with the auction. In order to participate in the bidding, the bidder must have a bank letter or verification of funds to pay cash. If the bidder intends to finance the property, the auction-house requires the bidder to be pre-qualified by their preferred lender prior to bidding. The bidder, however may choose another lender to close the transaction. All contracts written at the auction will have no contingencies and all earnest money will be completely non-refundable to the bidder if the transaction cannot be closed. There is to say, that it would be a good idea to seek representation when buying at the auction. The properties which are entered into the auction are advertised on the website of National Real Estate Auction Corp. Owners and/or their agents are supposed to hold open houses in order for bidders to view the property and to do their due diligence prior to the day of auction.

In order to get in and bid, a deposit of $2,500.00 must be deposited with the auction. In order to participate in the bidding, the bidder must have a bank letter or verification of funds to pay cash. If the bidder intends to finance the property, the auction-house requires the bidder to be pre-qualified by their preferred lender prior to bidding. The bidder, however may choose another lender to close the transaction.

All contracts written at the auction will have no contingencies and all earnest money will be completely non-refundable to the bidder if the transaction cannot be closed.

There is to say, that it would be a good idea to seek representation when buying at the auction.

]]> By: Richard Cohen http://www.christophschweiger.com/general/is-this-the-new-magic-bullet-real-estate-auction-buzz-in-the-phoenix-metro-area/comment-page-1/#comment-97 Richard Cohen Fri, 11 May 2007 17:41:22 +0000 http://www.christophschweiger.com/general/is-this-the-new-magic-bullet-real-estate-auction-buzz-in-the-phoenix-metro-area/#comment-97 Chris This is an interesting way to sell properties. But what about the financing? Are these cash deals? Chris

This is an interesting way to sell properties. But what about the financing? Are these cash deals?

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