For a voice message from Robert on this topic, click auction photo:   

HOW DID YOU BECOME INVOLVED WITH AUCTION?

Lot 133, Walden S/D, 7820 Walden Road, Auctioned By Robert Burns:  May 2001

Simple.  I tried it myself, and saw FIRST-HAND how superior it is to traditional sales methods!

February, 2001:  Listed home.

Owed nothing but hate being "in limbo" and wanted fast sale. 

A stock investor can log on an online broker's website and, in seconds, liquidate an investment, but real estate simply doesn't work that way, and the "sit on your hands and wait" traditional sales methods were EXTREMELY frustrating for me.  I wanted a MUCH more proactive approach!

Despite numerous "showings," (too darn many for me!), I was disheartened and perturbed by continuing interruptions (to say nothing of those who scheduled but didn't show or bother to cancel).  I was also disillusioned by prospective buyers' unique tastes for wood floors, color schemes, etc. 

Early April, 2001:  Noticed auction ad for four Baton Rouge area properties.  Investigated, attended, and signed up.  Here's why:

1.  FIRM, UNCONDITIONAL offer:  6/27/01 @ 6:00 p.m.,

2.  10% deposit, $23,650, FORFEITED if winning bidder failed to close in 30 days.

3.  There would be NO private showings (inspections facilitated by SINGLE open house), and 

4.  Sale was "As Is, Where Is," (no wood floors, existing color scheme).

The result?  $236,500, or 91% of list price, no contingencies, all cash, 30-day close. 

I joined the auction company and, in September of 2003, formed my own real estate auction company, followed by my own real estate brokerage firm in July of 2004.  I am firmly convinced that, when a seller is SERIOUS about selling, auction is THE way to go. 

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