Today's Roebuck Auction Results...

Hey, don't they need my permission to advertise for commercial purposes, using a photograph of me?

What happened to their, "Sold in 1 Hour" campaign? Now, it's four to six weeks. ???

So what does "ordered sold" mean, anyway? I went to Roebuck's web site to see what some of the properties went for and saw that term applied to them.

$12.6M x 10% = Better Snacks for Next Auction ?

For Sale Signs, Open Houses and Auctions are SOOOO yesterday.....


"Jeni Barton needs to sell her Gilbert four-bedroom quickly, so she busted out the iron-ons and made T-shirts for her kids that say, "Buy my house," on the front and trumpet the home's Web site, 3441evernon.com, on the back. Barton had magnets crafted for her car, complete with photos. She even rented a bounce house for the backyard and hired a baby-sitter to oversee the kids while parents perused her pad during an open house. And she made treats.

There's a job waiting in Denver, a slew of new homes competing for buyers across the street, and the Christmas crush is freaking her out. Barton's efforts are a way to calm the panic.

"I'm hoping to speed it up a little. I'm virtually exhausted from keeping (the house) perfect 24/7 and not having anyone come and look at it," says Barton, 29. "I've been trying to figure out what I can do so I didn't feel so helpless, so I felt like I was doing something."

All that and still there's nothing doing at chez Barton. She's lucky to have one person come to an open house. When people see her daughters and their T-shirts, "they just kinda laugh," Barton says. :roll:

.....http://www.azcentral.com/php-bin/pop-photo.php?id=PHP4747C68E646D3


(Kinda puts the lady who dressed up as a duck and handed out flyers on the highway to shame.)
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What happened to their, "Sold in 1 Hour" campaign? Now, it's four to six weeks. ???

That reads "4-6 weeks at true market value."

What that implies that the sellers haven't been pricing their homes at "true market value"..... otherwise they'd have already sold.


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TN fan, I would be shocked if the seller and banks actually gave Roebuck an exclusivity period that long, where a 10% fee would attach to any sale on these properties for that length of time.

Why? Because there are multiple auction companies ready willing and able to do these auctions, and this one contained the holy grail, which was a guaranteed pay date on a handful of "absolute" properties that will more than make up for the marketing spend and the $2000 that the drink/cheese service cost at Watercolor to host the event. The auctioneer used their own AV equipment, I believe. Anyone care to calculate what the auctioneer took in in revenues on the "absolute" properties alone, (the ones that were not pulled)?? I would venture to say they had a guaranteed pay date of around $150-175K without calculating, and that's assumming that none of the other "ordered sold" properties close.
So if I'm the principal here, or the banks, and I'm handing the auctioneer a check for $175K to host this auction/open house, I'm not also going to give that auctioneer ANY exclusivity beyond the auction period. Why? Because potential purchasers have a hard time trusting an auction company on disclosures etc. and Saturday's auction did nothing to esuage my general mistrust of auctioneers I can tell you.

Don't forget the cost of "SOLD in one hour" signs they had to run around and stick on the previous signs.

Hey, don't they need my permission to advertise for commercial purposes, using a photograph of me?

Oh pish, don't you think after the "double you money this spring" comment they aren't too worried about lawsuits?

swgb...you are on a roll

swgb...you are on a roll

It takes alot of bottomless champagne to get me to a "pish" mode.

Just curious why the Roebuck web site isn't adding "Sold in One Hour" banners on the pictures of the properties that sold on November 17th. Wouldn't this be good advertising for them?

Probably because they don't actually sell in one hour. In fact, even from the auction date, it still takes about 30 days before they can close.

So has anything from this Roebuck auction gone under contract ?? Other than the "absolute" properties. Also, have the "absolute" properties gone under contract, or have there been hiccups there as well??

Good question. Roebuck is not a participant in our local Realtor Association, so none of their sales will show up there. You will have to check the WalCo clerk of courts or the property appraiser, to find out if the properties closed.

Good question. Roebuck is not a participant in our local Realtor Association, so none of their sales will show up there. You will have to check the WalCo clerk of courts or the property appraiser, to find out if the properties closed.

good idea SJ..
I checked on Walton clerk of cts. cite, and see that at least 1 of the properties has closed.... the lot on canal front in Daughettes (lot 24 i think) for appr. 165k. nothing else so far

cite (SIC) errrr site

Funny how some of the homes/lots that sold at the auction are now back on the market. I'm confused but what the heck do I know!

Funny how some of the homes/lots that sold at the auction are now back on the market. I'm confused but what the heck do I know!

Flippers??


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No, still held by the prominent attorney.

As I mentioned, most of the properties at that auction were not being sold absolute, and they required lender approval. "Sold at auction" is merely a marketing tool these days.

As I mentioned, most of the properties at that auction were not being sold absolute, and they required lender approval. "Sold at auction" is merely a marketing tool these days.

There seems to be a lot of tools in real estate these days.


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who has these re-listings?

Not sure with these properties which were not sold at the Roebuck Auction without looking each up, but I've seen some which didn't sell at recent auctions, remain listed with the auction company, then later, reverted back to the original listing agent.

thanks sj, for a service to the community.