Tom Wood's (reiauctions) Blog

FREE Webinar! Today, a growing number of real estate brokers, agents and auctioneers are successfully using online auctions to sell all types of properties. Join us and see how you too can use them to attract more buyers, create urgency and get your listings sold faster. You'll see the current tr...

I want to clarify another common myth or misunderstanding about selling real estate through an online auction. Myth: If I use an online auction, I MUST sell to the highest bidder. Truth: Most online and even "live" auctions are done using a hidden reserve or “Subject To Confirmation”. In either c...

I want to clarify another common myth or misunderstanding about selling real estate through an online auction. Myth: Buyers will place a bid at an online auction without ever visiting the property. Truth: This is extremely unlikely. The success of an online auction depends on buyers having access...

Getting multiple offers on a property is a good thing, right? 2 offers is usually not a problem, but what about 3, 4, 5, 6 or more? On one level it's a good problem to have, but it sure can be a lot of work sorting out which one is best for your client. That's why I love the real estate online a...

Here are the reasons why online real estate auctions are going to be a major part of selling real estate in the coming years. The use of the Internet is only going to continue to grow. Most buyers already search for homes online, placing a bid is the next logical step. If you have kids, aren't th...

This is the year we will see exponential growth in the use of online auctions to sell real estate. The technology and user experience is getting better all the time and it's easier than ever for real estate agents to use them. On Thanksgiving weekend, REDC (Real Estate Disposition Corporation) so...

In a competitive buying environment, it been proven many times that selling by auction is the best way to achieve true market value for something. Think about the high-end auction houses like Sotherby's who have been thriving since 1744. They have the auction marketing strategy and process down t...

In the past 4 years, I've seen hundreds of successful and unsuccessful online real estate auctions. One of the things I've noticed with the successful online auctions is that, the listing agent puts together a marketing plan. They plan scheduled open house previews, signs in the yard and surround...

The real estate market has been slow and sellers are getting tired of waiting for offers and lowering their listing price. Now is the opportunity to become proactive by using a real estate online auction to get a listing under contract in 30 days or less. Technology has provided the tool. Join us...

Real Estate Disposition (REDC) just reported $68.8 Million in sales from their auctions held December 5th & December 6th. $37.8 Million of that was sold through it's "online only" auction site. This is now the 2nd consecutive week that their "online only" sales exceeded their "live" on site sales...