Real Estate Auction Secrets

Anthony Robins - Turn 2012 Resolutions into Results!

Sat, 28 Jan 2012 08:21:42 PST

Turn your 2012 resolutions into results. Watch this video with Anthony Robins and make 2012 your best year ever!

Auctions Stimulate Foreclosure Market

Fri, 23 Dec 2011 07:45:45 PST

Auctions work really well in a hot market as buyers compete for properties. Auctions also stimulate buying when the market is slow like the one we are in today. In 2012 auctions are going to play a big role in how properties are sold. Don't wait until it's too late, learn how to sell real estate at auction now and you'll be miles ahead of your competition when it comes to cashing in on the real estate auction opportunity. Watch the video below to see how auctions are stimulating the foreclosure market.

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2012 REAL ESTATE MARKET PREDICTIONS

Wed, 21 Dec 2011 06:27:01 PST

Diana Olick: CNBC Real Estate Reporter

1. Home prices will fall another 5 percent through Q2 before bottoming toward year's end.

Prices are already on a downward trajectory, as foreclosure inventories rise. Banks/mortgage servicers are finally working through a huge backlog of delinquent loans, and as those distressed properties come to market, they will consequently lower home prices. With lower conforming-loan levels, as well as a tight lending environment and the possibility of rising mortgage rates, prices will bottom out in the fall.

2. Foreclosure inventories will rise while new delinquencies remain elevated.

Inventories will continue to rise, as around three million distressed properties progress to final bank repossession. Banks will likely ramp up the process following the usual holiday slowdown, especially given positive rulings on the MERS front (the auto-uber recorder for so many loans), and judicial states lifting their moratoria. Foreclosures will come quickly through the winter and spring months then abate toward year's end. The downward pressure on overall home prices will put more borrowers underwater and in turn keep delinquencies elevated, although not much higher than now.

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3. Rents will rise, as will rental occupancy rates.

Until the employment market really starts cooking, young employees and potential first-time home buyers will remain on the sidelines, waiting for home prices to bottom. That means continued high demand for rental apartments, especially in higher-priced markets. The big question is: When do rents get too high vs. the cost of home ownership and push people back to buying?

4. Housing starts to be a tale of two markets.

Single-family home building will struggle to stay above a 600,000-unit annualized pace, as builders continue to compete with foreclosed properties. Slight improvement in demand will keep them going, but not by much. Meanwhile, the minimal supply of multi-family apartment buildings will keep investors pouring money into new construction. Builders will respond with increased multi-family starts, not just in trophy markets, but also mid-sized ones where inventories are lower.

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5. Government will stay out of housing.

With a presidential election in its sights, the Obama administration isn't going to take any drastic measures that might upset voters. While housing continues to be a thorn in its political side, calls for a massive principal reduction program or a real plan to take apart Fannie Mae and Freddie Mac are far too controversial. We will see only small moves, like the recent refinance plan. Oh, and as for that settlement with the big banks and the state attorneys general? If it happens, and at this point that's a big if, it will likely not include some of the key states — New York, Massachusetts and California — and also likely lack real teeth.

    Overall, I earned something between a B+ and A- for my 2011 predictions.

1. Inventories of homes for sale hit a new high this spring.

Grade: B+

They did bounce way up, from a 7.5-month supply in January to a 9.5-month supply in July, but didn't hit a new record. We had no way of knowing the robo-signing foreclosure paperwork scandal would bring foreclosure numbers down so far for so long.

2. Builders will put more holes in the ground.

Grade: B

Housing starts were down in the first half of 2011, but are now coming back in force, much of it on the back of multi-family construction.

3. No GSE reform.

Grade: A+

In a word, nada.

4. The office and apartment sectors will gain again.

Grade: A+

In office, occupied stock rose in every quarter through Q3, the vacancy rate declined and effective rent was all in positive gains. The apartment sector is on fire, with rents rising every quarter and vacancies falling to a 2006 low.

5. Spring will tell.

Grade: B

The season was muted — at best. Sales didn't surge, nor did they plummet. The robo-signing foreclosure issues really skewed the numbers, as well as damaged consumer sentiment. Home prices gained seasonally, slightly, but fell back again. The tight mortgage market, along with appraisal accuracy issues, plagued real growth.

New Foreclosure Wave is Coming - Are You Ready?

Tue, 20 Dec 2011 19:42:32 PST

Published: Thursday, 15 Dec 2011
By: Diana Olick
CNBC Real Estate Reporter

Despite a seasonal slowdown in overall foreclosure activity, and a process still bogged down and backed up by the "robo-signing" processing scandal, the U.S real estate market is about to be hit by another surge of bank repossessions, according to a new report from the online foreclosure sale site RealtyTrac. As banks resubmit millions of documents and courts begin hearing cases again, the backlog of over four million delinquent loans will start surging through the pipeline again.

"November’s numbers suggest a new set of incoming foreclosure waves, many of which may roll into the market as REOs [bank repossessions] or short sales sometime early next year,” said James Saccacio, co-founder of RealtyTrac. “Overall foreclosure activity is down 14 percent from a year ago, the smallest annual decrease over the past 12 months, and some bellwether states such as California, Arizona and Massachusetts actually posted year-over-year increases in foreclosure activity in November."

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Foreclosure auctions, where the property is sold at the courthouse either to an investor or in most cases back to the bank, reached a nine-month high in November, which corresponds to a recent surge in default notices, the first stage in the foreclosure process, back in August. Troubled borrowers will get a reprieve over the holidays, as mortgage giant Fannie Mae says they will not evict anyone until after the new year. A spokeswoman, however, stressed that foreclosure processing would continue through the holidays, so as not to slow the system down any more than it already is.

Nevada is still in the number one spot nationally for its foreclosure rate, despite artificially low activity caused by a new state law that changes the process, requiring more documentation. It has held that dubious honor for 59 straight months. Both Georgia and Utah saw substantial monthly increases in their foreclosure rates, lifting them into the nation's top five in November. Nine out of the nation’s 10 highest foreclosure rates among metropolitan areas with a population of 200,000 or more were in California, according to RealtyTrac, with just Las Vegas making its way into the number six spot.

Other states, like New York and New Jersey, are still seeing huge delays in the foreclosure process--986 and 984 days respectively, says RealtyTrac, but they too are starting to ramp up, as various moratoria have been lifted and judges have made rulings that will kick-start the process. That will mean more distressed properties surging into an already troubled housing market. Foreclosure starts outnumber sales by three to one, and 45 percent of foreclosure starts in October were repeat foreclosures, according to Lender Processing Services.

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While overall inventories of homes for sale have been dropping somewhat steadily over the past year, these new distressed properties will put increasing downward pressure on home prices nationally. The hope is that there are enough investors at the ready to buy these properties quickly, as they seek to take advantage of a growing rental market. Government agencies are considering a plan to sell repossessed homes from Fannie Mae and Freddie Mac in bulk to investors, but there has been little movement of late. Bank of America [BAC 5.20 -0.06 (-1.14%) ], which took over the troubled loans of Countrywide Financial, is setting a plan in motion to sell its repossessed homes to investors, who would then rent them back to the original borrowers. Both government and the private sector know that until the backlog of distressed properties is cleared, the housing market will have little chance of regaining a solid footing.

Mansions Head to Auction

Thu, 17 Nov 2011 20:24:09 PST

Long associated with desperate sellers and foreclosed homes, auctions are now selling mansions and luxury estates. Candace Jackson has details on Lunch Break.

How to Create a Full Page Display Ad in Craigslist for Your Real Estate Listing

Fri, 01 Jul 2011 18:19:43 PDT

In this post I am going to show you how create a full page display ad for your real estate listings in Craigslist. You may have seen these types of ads before and wondered how you can do the same thing. Well now you can and it will only take you about 30 seconds once you get the process down. I show you how step-by-step in the video below. Please comment and share this video.

The Schiff Report - June 1, 2011 Economic Update "Double Dip Fears"

Fri, 01 Jul 2011 18:01:03 PDT

If you want to know what is really happening in the economy I suggest listening to The Schiff Report, by Peter Schiff. He predicted the economic collapse two years before it actually happened. You can watch the video below for his economic update for June 1, 2011.

Foreclosures for sale: Big supply, low prices!

Sat, 28 May 2011 08:52:09 PDT

By Les Christie May 26, 2011: 5:16 AM ET

NEW YORK (CNNMoney) -- There's a three-year inventory of homes in foreclosure for sale, and that's devastating home prices.

Las Vegas has so many foreclosures that 53% of all the homes sold in Nevada are in some stage of foreclosure, according to a report from RealtyTrac, the online marketer of foreclosed properties.

10 Dirt Cheap Housing Markets

Also weighing on market prices are "short sales," homes where the selling price is less than what is owed by the borrowers. These sales sold at an average 9% discount. Including both REOs and short sales, Ohio had the biggest discount of any state, at 41%.

There were 158,000 deals involving distressed properties nationwide during the first quarter, less than half the nearly 350,000 during the same period two years earlier.

With the slowed sales pace, it will take three years to burn through the inventory of 1.9 million distressed properties, according to Sharga.

"Even if you look at REOs alone, it will take 24 months to clear them and that's without any new foreclosures at all coming into the system," said Sharga.

Let me show you how you can profit from it all: http://www.RealtyAuctionSchool.com/

Treasury Secretary Timothy Geithner: “No Housing Recovery for Years"

Sat, 28 May 2011 08:50:53 PDT

WASHINGTON | Wed May 25, 2011 9:02am EDT

(Reuters) - It will take several more years for the housing market to completely recover, U.S. Treasury Secretary Timothy Geithner said on Wednesday.

"We're sort of three or four years into the housing repair, you could say," Geithner told Politico in a live interview.

"But we've got several more years to go. Again just realistically I think it's going to take time still to heal that," Geithner said.

Geithner also said the United States "absolutely" has a jobs crisis, noting that unemployment remains very high and will come down "too slowly for everybody."

This is actually good news for real estate auctioneers! Find out why at: www.RealtyAuctionSchool.com

“Spike in Foreclosures Coming” Rick Sharga, RealtyTrac | Now's the Time to Get Into the Real Estate Auction Business!

Fri, 21 Jan 2011 19:05:54 PST

Mark Twain said it best, "I was seldom able to see an opportunity until it had ceased to be one."

For most people the common wisdom is that this in no time to be starting a career in real estate sales, but what these people don't realize is that right now is actually the perfect opportunity to make a fortune in the real estate auction business. And according to Rick Sharga of Realty Trac, the business will be there!

It’s coming, no question.

Today’s report from RealtyTrac serves as a warning to big banks, Fannie, Freddie and local communities; The foreclosure glut is coming, and they’d better be ready to get rid of that glut in a big way.

2010 saw a record number of bank repossessions, over a million, even with a big drop in volume toward the end of the year, thanks to the robo-signing scandal and ensuing foreclosure freezes.

“Early indications in January were that this robo-signing related delay will be over by the end of first quarter if not sooner,” says RealtyTrac’s Rick Sharga. “I think we’re going to see a significant spike in foreclosure activity early in 2011, and that will contribute in part to 2011 being a record year.”

Sharga estimates as many as a quarter of a million foreclosures that should have happened in 2010 will now be pushed into the 2011 numbers, and added to an already huge supply of bank owned properties. The four biggest banks already have close to $7 billion worth of foreclosed properties (REO) on their books, and Fannie and Freddie have about $24 billion collectively. While REO sales make up about one third of all sales in the current market, there is an estimated 3 year supply.

Source: CNBC, Diana Olick

Trump for President in 2012 - What do you think?

Thu, 20 Jan 2011 19:51:19 PST

Real estate mogul Donald Trump says that he's thinking of running for President in 2012. Are we ready for Trump in The White House? What do you think? Leave a comment or use the poll at the bottom of this page to cast your vote.

The Real Estate Auction Business is Booming

Tue, 09 Nov 2010 06:57:56 PST

The real estate auction business is booming and very soon real estate brokers and agents who have never considered using auctions in the past are going to start paying much closer attention to this exciting and profitable profession.

Drawing on over twenty years of experience as a successful real estate broker who specializes in selling real estate at auction, Certified Real Estate Auctioneer Giacomo Sinisgalli explains how you can generate a six figure income using auctions to sell both residential and commercial real estate.

Giacomo starts with the basics and walks you through the entire real estate auction process, exposing a wealth of insider secrets that reveal how to make $10,000, $50,000 even $100,000 or more per auction and there's no limit to how much you can earn.

With this clear and concise seminar you will learn how to:

- Conduct Your First Auction Event in the Next 30 Days
- Earn 400% More Than Traditional Real Estate Agents
- Find Unlimited Short Sale and REO Listings to Auction
- Close Deals Fast with All Cash, No Contingency Offers
- And Much, Much More...

Giacomo Sinisgalli is President and CEO of New York International Real Estate Corp. He is also a Certified Real Estate Auctioneer and founder of RealtyAuctionSchool.com.

To learn more about the exciting and profitable real estate auction profession please visit RealtyAuctionSchool.com

Have A Question? Ask An Expert

Sun, 07 Nov 2010 18:23:01 PST

Have a question about real estate auctions? Submit it here and receive a personalized answer from real estate auction expert, Giacomo Sinisgalli.

Whether you're first starting out and need step-by-step advice, or you're a seasoned real estate professional looking for the latest tips and tricks, use this forum to get the answers you're looking for, from a proven real estate auction expert.

Submit your questions to: giacomo@realtyauctionschool.com. You'll receive a response within 48 hours. All questions submitted are also posted to this blog and you can read Giacomo's answers to previously asked questions by searching the blog archives.

How NOT to Bid at Auction

Sat, 12 Dec 2009 19:57:37 PST

Girls from the second series of "How to Be a Property Developer" show exactly how NOT to bid at auction! "It's like watching a car crash!" Presented by Gary McCausland.

Napoleon Hill Reveals Hidden Secret in Think and Grow Rich - Download the eBook for Free!

Thu, 10 Dec 2009 07:06:11 PST

"Whatever your mind can conceive and believe it can achieve"
- Napoleon Hill

Read the book that has sold over 30 million copies worldwide and made more millionaires then any other book ever written. Think and Grow Rich by Napoleon Hill Originally Published in 1937.

Unlock the “secret” in Think and Grow Rich and obtain whatever you want in life!

This book contains a money making “secret” that has changed my life and it can change yours too. Read it to discover the hidden “secret” that Napoleon Hill leaves clues about then apply it and achieve any goal that you truly desire."

I had the good fortune of receiving a copy of Napoleon Hill's book Think and Grow Rich over 20 years ago. Since then I’ve read it too many times to count and I still refer back to it today.

Napoleon Hill in his introduction to the book makes reference to a "secret", a conception that he believes is the foundation of all success, which is the premise of the book. Hill promises to indirectly describe this "secret" in every chapter, but never states it plainly, believing the use of the “secret” is only available to those who possess a "readiness" for it, a disposition Hill describes as essential to the concept itself.

It took me a number of years to finally figure out what the “secret” was that Hill wrote about and soon after making the discovery I found myself giving copies of the book away to my closest friends and business associates.

Now I am offering anyone that visits my Real Estate Auction Blog the opportunity to download a free copy of the original 1937 version of Napoleon Hill’s Think and Grow Rich.

All I ask in return is that they give someone else an opportunity to read it by giving away a free copy to a business associate, friend or family member.

There are no strings attached and no other obligation.

After reading Hill’s Book I discovered that the secret to success is very simple, but you'll have to read the book to find out what it is!

I hope that the free e-book and video brings you as much success and joy as it did me!

You can download your free e-book using the URL below, just copy and paste it into your web browser:

http://www.realtyauctionschool.com/ThinkandGrowRich.pdf

Do We Need a Second Stimulus?

Tue, 08 Dec 2009 14:03:21 PST

With the economy weak and unemployment continuing to rise, there is now talk of a second stimulus (which is actually the third, counting President Bush's 2008 tax rebates). What do you think? Cast your vote using the poll on the right.

The Realty Auction School

Tue, 08 Dec 2009 05:46:14 PST

A slowing housing market and rising foreclosure rates are contributing to an increase in auction activity across the country, creating tremendous money making opportunities for real estate auctioneers. According to the National Association of Realtors Auctions will account for more then 30 percent of all sales by 2010. Now real estate brokers and agents can cash in on the foreclosure boom by starting a highly profitable real estate auction business today! Visit www.realtyauctionschool.com to learn more.

Signs of the Next Real Estate Collapse

Sun, 06 Dec 2009 18:35:31 PST

The latest bubble is about to burst, but this time it's in the commercial market. Here's why I see it coming.

The signs are everywhere if you know what to look for. I recently read an article that the FDIC closed Chicago's Corus Bank last month, this may signal the beginning of the next shock to the banking system: commercial real estate defaults.

Apparently Corus’s balance sheet was loaded with bad construction loans, and is just one of many banks that have a slew of this type of bad debt on their books.

Refinancing the $2 trillion in commercial mortgages is going to be tough if not impossible, especially if property values continue to decline. And in this new age of cautious lending, few banks are willing to refinance commercial loans.

Now, in a situation eerily similar to the subprime crisis, the result is likely to be a wave of foreclosures and loan defaults that could, in turn, trigger a collapse in the market of the structured bonds backed by commercial real estate and construction debt. But when?

Some experts are predicting a commercial real estate collapse starting in 2010. This is bad news for commercial property owners that need to refinance not to mention commercial real estate brokers and agents.

Need I remind you that this is a real estate auction blog, so what does it all mean for real estate auctioneers? It means more business and more profits!

If you're a commercial real estate broker, we both know that the commercial real estate business is already slowing to a crawl. So here's my advice, don't just sit back and hope that there won't be another real estate collapse, prepare for it!

How can you prepare? Check out RealtyAuctionSchool.com and find out how you can cash in on the coming commercial real estate collapse by learning how to sell real estate at auction.

But hey don't take my word for it. Check out the October 6, 2009 report from PBS "News Hour" - The Commercial Real Estate Collapse.