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The Open Door Auctions Blog

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...

Blueprint to Buying a Home at Auction

Blueprint to Buying a Home at Auction

Buying a home at auction is not as complicated a process as you might think. Whether you're in the market for a family home or an investment property, the few moments you take right now to learn how it works could eventually pay off big time down the road. The first thing we should address is the outdated idea that property auctions are only for distressed properties. When you're done reading this article, feel free to browse our listings. As a boutique auction specialist, Open Door Auctions has turned the traditional notion of buying real estate on its ear. But we won't wander too far afield on that topic right now. Today you're going to learn how to function like a seasoned pro leading up to and during a property auction. Locate Properties It's hard to buy a property at auction or anywhere else if you haven't done your homework up front. This means you need to spend some time in...

Helping Home Builders Move Inventory

Helping Home Builders Move Inventory

Home builders are having a hard time moving inventory right now. To anyone in that industry, this obvious statement is not news, but rather a frustrating repetition of reality. But calling the present state of affairs in the housing construction market a "hard time" is an insult to the word. You're looking at "hard" in the rear view mirror and watching "catastrophic" looming on the road ahead. In fact, builders are on track to construct the fewest single family homes in history during 2011. In history! That covers a lot of ground because the human race has been living in houses for a while now. July numbers show housing starts down another 1.7%, which doesn't sound like much but translates to plenty of economic pain for an industry that's been battered in recent years. The interesting thing, though, is that when you delve into the numbers more closely, you find that while single family...

Real Estate Agent: "Take the Money!"

Real Estate Agent: "Take the Money!"

The old saying goes, "A bird in the hand is worth two in the bush." Your first inclination might be to assume that this ancient wisdom is your real estate agent"s primary motivation in suggesting you take an offer for $10,000 less to sell your house this week rather than hold out another week and receive the full asking price. Maybe your assumption is right but, then again, maybe it"s not. Freakonomics dudes Steven Levitt and Stephen Dubner address the question, "Does your real estate agent have your best interest in mind?" in this . Here are the highlights we picked out which makes it seem like the Open Door Auctions house-selling model circumvents the issue entirely. Try us and you"ll never have to wonder whether or not your real estate agent is giving you straight up unbiased advice. Here"s the example from the video. You have your house for sale for $300,000. A potential buyer waltzes...

5 Steps to Sell Your House Quickly

5 Steps to Sell Your House Quickly

When you're ready to sell your house, it's assumed you prefer to do it quickly rather than slowly, though we offer our apologies to sellers in the latter category. It's safe to say the VAST majority want to move that real estate out of their hands pronto. It used to be that your best hope to sell your house quickly was to list it with a traditional real estate agent and then get busy praying because the whole house sales process seemed to be out of your hands. Turns out the world of real estate has changed a bit and you now have almost complete control over the time your house spends on the market. While no one can guarantee exactly what the final purchase price will be, we can offer you five tips almost guaranteed to have it spending less time on the market. MUCH less time on the market. How does two weeks sound? 1. List with Open Door Auctions: It may be self serving, but since it's...

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