These 10 Slides Will Help any Real Estate Agent Decide if a Property is a Good Fit for Real Estate Auction.

1. 1
The Two-Thirds Rule:
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A Quick Way to Know if a Listing is Right
for Auction

2. 2
There are Factors in Each
Category Which Make a
Listing Right for Auction
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3. 3
If One or More Factors is
True in Any Two Categories
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Auction is Probably a Good Option
for You and Your Client

4. 4
Market
a changing market
a dull market -- too much product
but without enough buyer interest
not enough of the particular property
type (unique, lake front, etc.)
a seller’s market with high demand
and high competition

5. 5
knows auction will bring a fair market
price
needs immediate cash
going through a partnership or
marriage break-up
time of closing is of value
wants to liquidate an estate
wants to sell as-is with no
contingencies
Seller

6. 6
has a listing that is about to expire
has already purchased another house
Seller

7. 7
has equity
is in poor condition or dated
burdening the owner with high
carrying costs
vacant -- vacant properties may
encourage vandalism
difficult to appraise -- unique
properties are difficult to appraise
has been on market 60+ days
Property

8. 8
Applying the Rule
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If factors are true for any 2 of the above
categories Auction is worth at least
careful consideration

9. Matt
Cooper
Follow for More About
Real Estate Auctions
Real Esate Auction Experts
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10. Grab the Auction Opportunity
by Thomas Saturley, CAI, AARE Auction
Properties, Ltd. Portland, ME
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