How to make money in real estate auctions
Real estate sales org Deering Estate is helping investors navigate their way through the real estate market, but the real-estate industry’s top-tier brokers are struggling.
(Photo: AP)How to make cash in real-life auctionsDeering Estate, a national real-time listing broker, is helping clients navigate their own homes and find buyers who can afford them.
The real-home auction business was one of the fastest-growing sectors in the U.S. in 2016, with $5.5 billion in sales.
The industry is worth about $1.3 billion, Deering CEO Joe Sartore said.
That’s an average of more than $500,000 per sale.
That figure includes the potential for $2.2 billion in proceeds.
“It’s hard to get into,” Sartores said.
“A lot of the deals we’re doing are for very low interest rates, but it’s still very difficult to make good on the interest.”
That makes it hard for investors to find the right deal for their property.
“Most people are either just not willing to pay the interest, or they’re not willing pay the taxes,” Sardore said, citing mortgage-interest rates and property taxes.
“The biggest problem is the taxes.
“So the only way to make a living is to get the best deals possible. “
“I want to see people who are really serious about it,” Sartsore added. “
“We’re trying to create that marketplace for people who want to get in on this, but are going to need to be able to afford it.” “
I want to see people who are really serious about it,” Sartsore added.
“We’re trying to create that marketplace for people who want to get in on this, but are going to need to be able to afford it.”
Deering’s sales team helps with those sales, but not everyone is happy with how things are going.
“They’re not helping,” said Mark Stoeber, the president of Real Estate Council of Greater New York.
Stoebers is working with other brokerages to provide guidance and to make sure everyone has the information they need to navigate the real world. “
But there’s no way to get through this without a lot of support from our clients.”
Stoebers is working with other brokerages to provide guidance and to make sure everyone has the information they need to navigate the real world.
Real estate agencies that have been successful in helping clients sell their homes include the Real Estate Institute of America and the Association of Real-Time Home Buying.
Real-time bidding is one way brokers can show how much a property is worth without spending time on the phone, Stoebs said.
And because the real market has changed, agents are able to use other real-world information to help their clients decide if they should buy.
“For people who were trying to get on the ladder of success, and didn’t have a real estate agent,” he said, “they need this.”
The Real Estate Board of New York, which represents brokers, said it doesn’t endorse Deering.
“Deering does not operate in any way as a realtors’ or real estate agents’ agency,” the board said in a statement.
Deers sales team is trying to make some progress. “
Real estate is a highly competitive industry, and Deering has the ability to help with all aspects of sales, from the initial presentation to the final sale.”
Deers sales team is trying to make some progress.
Last year, it added about 1,000 new agents.
It also launched a real time auction feature to help brokers see how much money is going into each sale.
Real time bidding is a way brokers could show how many properties are available for sale.
It’s one of several ways brokers are trying to help customers make a lot more money in their home-buying decisions.
The Real House Sellers Association has partnered with Deering to offer real-to-real time auctions of homes, as well as real-based auctions for properties with smaller sales.
Deering is also working to help agents understand how real estate prices have changed.
That includes tracking when and how many sales are happening on the same day.
Real Estate Weekly, a publication that provides real-data insights, said real-times auctions can show a buyer is selling on a “day-by-day” basis.
The organization has launched a series of articles and videos to help sellers understand how their real-rate bids are being reflected in the real prices of homes they’re bidding on.
Realizing the need for real estate professionals to help buyers navigate the market and find a deal is a priority for the realtor’s association.
“To make sure that people are actually getting what they pay for, we need to have real-tors working with us,” Stoebing said.
He said Deering and its members are working to expand the use of real-source information to real-marketplaces.
“That means that they’re going to