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The Open Door Auctions Blog

Do You Want More Offers to Buy Your House?

Do You Want More Offers to Buy Your House?

Late night talk show host and Saturday Night Live player Jimmy Fallon currently stars in a series of commercials which ask the question, "Do you prefer 50% more cash?" For most of us, the obvious answer is, "Yes! Give us the freakin" money!" At Open Door Auctions, we"re slapping ourselves because we should have thought of the idea first in regard to our innovative property auction service. So here"s our question to you. Do you prefer MORE offers to buy your house or fewer? We"re pretty sure most people would say "More!" with great enthusiasm and who could blame them? More offers means more choices and, potentially, a chance to rake in more money from the sale of your home. Back to Jimmy Fallon. Is more money a good thing? Most people think so. The problem is that too many house sellers have been bamboozled by more than a century of real estate industry protocol that says getting an offer...

Sell Your House Before the Bank Forecloses

Sell Your House Before the Bank Forecloses

A common misconception is that once the bank begins foreclosure proceedings it's too late to sell your house. Actually, nothing could be further from the truth. This is the very moment you should intensify your efforts to find a buyer. The best case scenario is you are able to sell your house for a high enough price to pay off the mortgage and make a down payment on another house. The important point is you need to take whatever steps are necessary to STOP the foreclosure process. Foreclosure allowed to go full term will have a seriously detrimental effect on your credit for anywhere from seven to ten years. Let's delve into the matter more closely, because there are several reasons it is to your advantage to sell your house if you fall behind on mortgage payments and the bank decides to foreclose. Stops Foreclosure: As we already mentioned, the first and best reason to pursue a house...

5 Super Quick Ways to Sell Your House

5 Super Quick Ways to Sell Your House

It wasn"t very many years ago that selling your house and getting a great price for it was a snap. The housing market was so hot that almost ANY property was a guaranteed profit deal for the seller and buyer. It wasn"t even all that unusual for a house to sell BEFORE it officially went on the market. Buyers kept their ears pricked for whispers of potential sellers and beat feet to their door to make a great offer before the listing ever made it to the MLS. We don"t have to tell you that the real estate environment is different today. Houses routinely sit for months, sometimes a year or longer, struggling to draw any interest in a bleak economy with few jobs, and one where banks, still licking their wounds from the recent foreclosure wreck, are skittish about offering mortgage loans to all but the most qualified buyers. So should you simply decide to wait five years to put your house on the...

Why Sellers Love a Real Estate Auction

Why Sellers Love a Real Estate Auction

Open Door Auctions is in the business of proving to the world why our auction process is great for sellers and buyers. Today we want to focus on the selling side of the equation. Let's say you have a property for sale. More than a century of history and indoctrination suggests you should run down to your local traditional real estate agent and ask him to list your house on the Multiple Listing Service (MLS). While this might not be the worst idea in the world, we would like to suggest that you can sell your house much more quickly and at a similar price through our unique approach. But exactly why should you choose an auction? Here are a few reasons. The Power of a Crowd One of the drawbacks to the old-fashioned way of selling real estate is that potential buyers come through at a slow trickle. That's just the way the thing works. By holding your auction at a specific time and place,...

selling-house-quickly

Velocity and Selling Your House Quickly

Selling your house quickly has a lot more to do with the concept of velocity than you might think. The problem with the traditional real estate industry is that it remains determined to work independent of velocity, or momentum, if you like that word better. Consider a typical scenario. Real Estate Agent X notices a new property listing has been posted to the MLS. He immediately thinks of five clients he knows who are in the market for something similar, so he calls each one and suggests they hit the open house the following Sunday. Maybe one or two of the people Agent X calls are excited and actually show up for the open house, but the odds are high that they don't because there is no motivation for them to do so. Sure they want a house but they know how the market works. It's not going anywhere. After all, if they wait a while, the price will almost certainly drop. Instead of the open...

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