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ODA 11 – Rents Are Increasing

ODA 11 - Rents Are Increasing
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Open Door Auctions is all about sellers, right? True, except that it’s about property investors too. The reasons that an individual looking to sell a house might choose our services is a lengthy one – but what is sometimes overlooked in the process is that it’s a
pretty darn good deal from the other side of the fence as well. We don’t have to recount the myriad of reasons property investors despise the traditional real estate industry. If you’re a property investor, you already know what we’re talking about.
The interesting part about buying as much property as...

ODA 8 – Multiple Bids

ODA 8 - Multiple Bids
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We’ve spoken at some length about the inherent inefficiency in the old- fashioned real estate industry, even going so far as to call it dysfunctional (which is not too far a stretch, in our humble opinion). Once your house is listed, it might go weeks, even months, between receiving a serious buying offer and, as much as your agent might try to pretend otherwise, it’s a rare occasion to have two buyers in a bidding war for the property. Sure it happens – usually about as often as Halley’s Comet swings past our planet for another visit. While you may have visions of multiple bids dancing...

Why Sellers Love a Real Estate Auction

Why Sellers Love a Real Estate Auction
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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...

4 Ways to Dominate a Foreclosure Auction

4 Ways to Dominate a Foreclosure Auction
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While Open Door Auctions doesn”t specialize in foreclosure auctions, it has not escaped our notice that property investors are beating bushes and shaking trees to ferret out the best deals. With more than two decades of experience in the real estate industry, we”ve seen enough foreclosure deals close and collapse to be able to offer you four solid ways to give yourself the best chance to score that primo property at the next foreclosure auction you attend.

First of all, let”s take a look at the numbers. Buying properties at auction is hot right now, and judging by the continued rate of foreclosures hitting...