HighBidder said:
Cork, et al.,
Our "pressure" as you like to dwell on so, doesn't involve anything more than you advising your buyers that they "...may not want to miss this opportunity. Better get in now. At the rate property values are escalating you may not have this opportunity again." .
High, there are many salespeople that do pressure buyers and sellers. Regarding any pressure that I might exert when I advise my clients, I'll let one of my clients words speak. Her email is available if you'd like to confirm it and she'd be happy to speak with you:
"
The one thing that sets her apart from other realtors is that she will tell you what she thinks is in your best interest rather than saying anything you want to hear to get a commission. Debbie encouraged us to look at our financial situation and the slower resale market and decide what would be best for us if they did not buy it. She stood to lose a commission of over $31,000 if we walked away, but she encouraged us to do what was in our best interest. Any realtor can list your house in the MLS, very few will put your needs above their own greed."
Please don't speak of what I would do because you don't know. This client is the same client that was advised in 2004 to pay over asking price of $799K if she wanted a particular home. She didn't listen and the home sold over asking and was flipped for $1.2 million a few months later. Sometimes advising clients of such is appropriate and not pressure.
HighBidder said:
If you had been at our auction Saturday March 4th you would have been able to see us conduct our auction, and therefore able to speak more knowledgably. .
Had I been in town, I would have been there but I did send 3 different realtors who reported to me. To allege that I don't speak knowledgeably impugnes my reputation and is unwarranted. It's fine to disagree with someone but to assault them isn't fairplay. Do you disagree with the statement that pressured sales aren't qualifying sales? I didn't say that your sales are pressured, your website does.
HighBidder said:
Translation: It's a buyers market..
I don't think there's one person who disputes this on the board. I personally have said it many times so you're not telling us anything that we don't know. It's your gross exaggerations and predictions of bubbles bursting that came out only after you were unable to perfect a sale which are misleading.
HighBidder said:
The auction process is not the problem here, but part of the solution. ..
I believe it's been said that I have no problem with the process. It's the irreverence associated with it and the glib way that such an important transaction is approached. The language on the site is appalling IMO and I'm suprised that NAR allows it. I feel that it undermines the credibility of the profession. The reduction of current inventory is the solution and auctions are no more a part of it than any real estate sale.
HighBidder said:
Purchases 3-5 years ago should be in decent shape and should not need to sell if they bought on an FRM or can afford the ARM payment as it increases or adjusts from interest only to P&I. IMO, anyone who bought in the last 2-3 years had better be able to hold their property for a while if they don't want to take a hit. ..
This statement is incorrect. A home bought 2 years ago in South Walton is today worth about 175% more than it was 2 years ago. These people are in little danger of taking "a hit" as you say. Those who bought 3 years ago are well over 200% on average. The data is available elsewhere on the board.
HighBidder said:
This allows us to keep our finger on the pulse of the R/E industry nationwide.
You may have a better feel for the overall market in the US but there are too many factors to extrapolate generalizations across the country into any one market.
I'm sure that we are all genuinely interested in the auctions that you or any other company holds and welcome open and honest information regarding them. As I said in the past, I would bring clients to them but I feel compelled to fully understand the total costs and consequences of the contract and advise them of such. Under these circumstances we can all play nice together.