I believe that the vast majority of property owners and even many financial institutions did not realize just how dire the consequences of creative lending would have on our entire financial system and the economy in general.
I believe that our economy will not begin to grow again until we begin to see a flattening out of the current real estate implosion. Auctions offer an expedited alternative to help us reach that point.
Auctions currently represent a $270 billion dollar yearly business with real estate being one of its hottest sectors, accounting for approximately $75 billion. With the recognition of ongoing carrying costs and or the loss of return on capital locked up in idle assets, well planned auctions can effectively minimize expenses connected with maintaining unsold properties.
Auctions can also provide more immediate liquidity by greatly reducing the time and associated expenses connected with the carrying cost of unsold units/homes and commercial properties.
Visit www.Auction-Generation.com for a brief video presentation describing the auction method. Our firm handles all aspects of the auction process including preparation of the property, developing an intensive pre- auction marketing campaign, managing the auction (set up, conducting auction, follow through to close). We offer an experienced team of Senior Auctioneers, Sales & Marketing, Project Management and Administration.
Rick Fowler, CCIM, Commercial Real Estate Consultant
Rick has been in the commercial real estate business for 24+ years and is a licensed real estate broker. He has worked as a broker salesman for over 16+/- years with both Grubb & Ellis and Coldwell Banker Commercial (what is now CB Richard Ellis) and currently works with Pinestreet / RPS as a broker / associate. Rick's current focus is office / warehouse sales and leasing and land sales; however, his brokerage background also includes retail shopping center sales and leasing.
Prior to joining Pinestreet / RPS, Rick worked for 8+/- years as a Land Acquisitions Manager for a Florida based multi-family developer. His experience and background of having worked on both the brokerage side and the development side of business gives him a unique advantage when advising his clients and makes him an invaluable resource.
Rick majored in marketing and obtained a B.B.A. from The University of North Florida. In addition, Rick has obtained the prestigious designation of CCIM (Certified Commercial Investment Member), which only 6 percent of the estimated 150,000 commercial real estate practitioners nationwide hold.
The Institute's AARE program educates and trains real estate and auction marketing professionals in ways that enhance their client services. Course topics include legal issues, financial analysis, property transfer, as well as case studies on the sale of residential, commercial and industrial real estate using the auction method of marketing. There are currently fewer than 350 designees - fewer than 1 percent of all North American auctioneers - who hold the AARE designation.
Earning the Accredited Auctioneer of Real Estate (AARE) designation requires successful completion of a three-part educational program, which includes six days of instruction on selling real estate at auction, a comprehensive examination, submission of an acceptable auction summary report and proof of conducting a minimum of 10 real estate auctions. AARE designees must adhere to a strict code of ethics and standards of practice, and complete a minimum of 24 hours of continuing education courses every three years.
An auctioneer with the AARE designation strives to ensure that he or she offers the highest level of professionalism and most up-to-date information when it comes to selling real estate at auction. AARE auctioneers have enhanced knowledge in all pertinent areas, such as:
. Real estate auction marketing techniques
. Financial/investment calculations and decisions
. Evaluating cash flow
. Holding-period analysis and problems
. Tax consequences of buying and selling properties
. Multi-parcel real estate auctions
Headquartered in Overland Park, Kansas, the NAAEI has provided higher education programs to auctioneers and other professionals for more than 26 years. The faculty is comprised of nationally recognized auctioneers and professionals who serve the real estate auction industry.
Call Troy Fowler Lic. Real Estate Auctioneer (#AU3595, #AB2717, AARE) & Lic. Real Estate Broker at 305. 206 0349
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As a member of the Institute for Luxury Home Marketing, we are highly experienced in working with luxury real estate including condominiums, single family properties and estates. We are continuously involved with opportunities that allow us to work with clients who are seeking unique properties that will satisfy their individual needs. We also understand the critical task of capturing the features and benefits of each property. This becomes a key component of our marketing campaign to ensure that we attract the largest number of potential bidders.
Auction Generation maintains strong alliances with other luxury home specialists in the real estate brokerage and auction community to ensure that your property will receive the maximum exposure with a goal of achieving maximum results.
For more information, please contact Troy Fowler Lic. Real estate auctioneer Au3595. 305 206 0349
Auctions currently represent a $270 billion dollar yearly business with real estate being one of its hottest sectors, accounting for approximately $75 billion. With the recognition of ongoing carrying costs and or the loss of return on capital locked up in idle assets, well planned auctions can effectively minimize expenses connected with maintaining unsold properties.
Auctions can also provide more immediate liquidity by greatly reducing the time and associated expenses connected with the carrying cost of unsold units/homes.
Please visit our website to learn more www.Auction-Generation.com.
Our firm handles all aspects of the auction process including preparation of the property, developing an intensive pre- auction marketing campaign, managing the auction (set up, conducting auction, follow through to close). We offer an experienced team of Senior Auctioneers, Sales & Marketing, Bid Assistants and Administration).
For more information call Troy Fowler Lic. Real Estate Auctioneer (#AU3595) & Lic. Real Estate Broker at 305 206 0349
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Troy’s business background as a Lic. Auctioneer (AARE, AU3595, AB2717) and Lic. Real Estate Broker make him an excellent choice to work with when seeking maximum results.
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