Comments on: Wow..That’s One Expensive Dawg House! http://www.realestateradiousa.com/2007/12/16/wowthats-one-expensive-dawg-house/ Mon, 09 Jan 2012 18:23:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Joseph Abal http://www.realestateradiousa.com/2007/12/16/wowthats-one-expensive-dawg-house/comment-page-1/#comment-4 Joseph Abal Sun, 16 Dec 2007 16:00:20 +0000 http://www.realestateradiousa.com/blog/?p=82#comment-4 This article clearly shows the positive affect that real auctions have on driving fair market value.It also serves as a example of the greed held by some developers in attempting to benefit at the expense of others.The auction company is also to be condemned for violating the basic rule of working with auction sellers:qualify your sellers before accepting the auction. The auction brought the seller a 250,000 profit but he felt he wanted 1.2 million.Give me a break.Since when does a greedy developer determine fair market value. The auction did what it was supposed to do;bring cash money to the auction on the day of the auction without any contigencies. The fact that the developer said commissions would have cut into his profit was a joke.What commission?Was the real estate company serving as auctioneer going to charge 50% commission. The seller should have hired a real auction company. This article clearly shows the positive affect that real auctions have on driving fair market value.It also serves as a example of the greed held by some developers in attempting to benefit at the expense of others.The auction company is also to be condemned for violating the basic rule of working with auction sellers:qualify your sellers before accepting the auction.

The auction brought the seller a 250,000 profit but he felt he wanted 1.2 million.Give me a break.Since when does a greedy developer determine fair market value.

The auction did what it was supposed to do;bring cash money to the auction on the day of the auction without any contigencies.

The fact that the developer said commissions would have cut into his profit was a joke.What commission?Was the real estate company serving as auctioneer going to charge 50% commission. The seller should have hired a real auction company.

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