Aaron Majors. Principal Broker

ADVANTAGES OF SELLING YOUR HOME AT AUCTION STYLE

The housing crisis has hit every state in the nation. The housing demand is down and supply is high. Homes are sitting on the market. Foreclosures are flooding neighborhoods. How can you compete? One option would be to auction the home. If effective, this would prove a good opportunity to get a great price for your home when all other marketing fails.

In my opinion some of the best advantages of a home auction would be:

A fast "turnaround" time. An effective home auction should produce results very quickly.

Double the exposure. Qualified home buyers will be previewing homes for auction. Often times listed homes have had very few buyers touring the home or even none at all.

Offers. Often times investors or first time home buyers are seeking a good price on a good home. That's what they find at auctions and even so offers may be low, it opens up the "negotiations process". A place to start talking. Without negotiations, no deal can be closed. This is a very good thing.

I believe a new and creative concept is coming to Portland, Oregon... It's going to be: www.PORTLANDhomeAUCTION.com. Please email about more details on selling your home by auction in Portland, OR.

Take care my Friends.

Aaron Majors

HOME AUCTION VS FORECLOSURE

One creative and new idea to the Portland market is home auctions... It seem like the only way to compete with surplus of foreclosures in Portland. I feel terrible for the home owners that were so responsible to keep up on their payments and then go to sell and only find their home sitting on the market because of this housing crisis. For this reason we have started www.portlandHOMEaucton.com.

Today I met with Greg Stephens from Paraclete Properties LLC to get a better understanding on how his company works. I must say that he is a very enlightened individual with some great vision. We discussed marketing ideas for the home auction (www.portlandhomeauction.com) among other things. Greg has some great and original ideas for selling homes in the Portland market. He really seems to have the short sale process "dialed in". That's great because we are seeing more and more short sales and foreclosures these days... Sorry to say that more on the way too. During the meeting I couldn't help but notice an interesting face about real estate... %84 of home buyers research homes online before they buy. That was from the National Association of Realtors website. This goes to show the power of web generated leads. This is a new generation of home buyers and it's up to your Realtor to keep up on all the technology or you and your home will be left by the "river" of homes being sold every month... Yes.. I did say river. It may not be as big as 2004 but it's still there and deals are being closed every month.

Best of luck Friends,

Aaron Majors

Dear Friends and colleagues,

I would like to announce the "Portland Home Auction" sponsored by the MNM Home Team (www.MNMhomeTEAM.com). I've got the website: www.PORTLANDhomeAUCTION.com (I just have to enter the text and art).

The reason for this post is to share new ideas with other Realtors and to keep friends and clients up to speed on what I'm doing.

Please follow my progress on the website and share any ideas or comments about the structure and implementation of the auction.

This would be a good way for Realtors to follow this from the beginning of the process. Watch it grow and see the results.

Thanks again Friends,

Aaron Majors

www.PORTLANDhomeAUCTION.COM

This isn't really bad news though. A lot of people still have jobs and some are even investing in rentals... Everyone knows that the #1 rule of investing is to buy LOW... This is the time.. Foreclosures are the best Real Estate investment in my opinion... Instant equity.. That's what I'm talking about. This is a great time to add to your portfolio... Add a rental home.. Don't wanna deal with tennents? Thats okay. You can get a managment company to keep it rented, do the repairs, pay the mortgage and even send you the "cash flow" check each month (if you have positive cash flow).

This is a great thought... If you live in portland and wanted to get a rental in town, then the lender would consider you an "investor". Now that would change the terms and conditions of the loan. A savy person would find a foreclosure in Washington (right across the river) and get a loan for a second home. The terms and conditons on the loan would be better and thus your rates. The market isn't as good as Portlands and that means that you would get more for your money which equates to a smaller sales price, down payment, and monthly payment... SNAP! .. Now your building wealth.

Thanks again for reading my blog. Email me if you want to get signed up for the foreclosure list.

Best Wishes,

~Aaron Majors

At some point in time things are going to get better. The sun will rise and set. The "wagon wheel" will turn.

I'm sick of hearing all this negative stuff.. War, recession, housing crisis... The fact of the matter is that at some point Realtors have to "adapt, improvise, and overcome". We should look for the positives. Yes we do have to work harder, net work more, be creative... But there are still deals being done in every city in the nation. It's like Garron says: "there's a whole river of commissions flowing by every month." All I'm saying is that if your fishing pole is broke then go get a net...

We get payed very well for what we do. We got spoiled. That's it. Now do the numbers... Go meet people, get emails.. Call your SOI, Team up. Do REOs, get a night job... time to "man up"... If real estate is your passion like it is for me then you will do whatever it takes...

Be honest...

Are you holding opens every weekend?

Are you joining groups? (investment groups are great)

Going to the office everyday? (even when you don't think there's anything to do)

Handing out 3 to 5 cards a day?

This is when it counts... This is the time when agents are gonna be "seasoned". These are tough times and I have respect for all the Realtors that are sticking out this tough market...

Learn, Lead, and Succeed,

Aaron Majors