Troy Fowler

AS SO MANY ARTICLES HAVE STATED, WE ARE IN THE MIDST OF ANOTHER DOWNTURN IN SOUTH FLORIDA'S BOOM AND BUST REAL ESTATE MARKET.

THE MOST RECENT ARTICLE IN THE DAILY BUSINESS REVIEW MENTIONED THAT THIS IS THE 4^TH MARKET DOWNTURN IN 26 YEARS. WHAT IS SO DIFFERENT ABOUT THIS DOWNTURN IS JUST HOW RAPIDLY IT CAME AND THE EXTENT TO WHICH IT CAME TO SUCH A QUICK HALT. IN THE PAST YOU COULD SEE A SLOWDOWN OCCURING AND IT WAS MORE PREDICTABLE. THIS TIME THE BOTTOM JUST DROPPED OUT.

IN THE SAME TIME, REAL ESTATE AUCTIONS ARE BOOMING. (NAA Stats.).

PLEASE VISIT WWW.AUCTION-GENERATION.COM FOR A VIDEO AUCTION OVERVIEW.

Troy Fowler Lic. Real Estate Broker & Lic. Real Estate Auctioneer (#AU3595, #AB2717, AARE, CES)

.Absolute Auction: An Auction where the property is sold to the highest bidder with no limiting conditions or amount. The seller may not participate directly or indirectly.

.Reserve Auction: An auction in which the seller reserves the right to establish a reserve price. He or she may choose to accept or decline any and all bids or to withdraw from the auction at anytime prior to the announcement of the completion of the sale by the auctioneer.

.Minimum Bid Auction: An auction in which the auctioneer will accept bids at or above a disclosed price. The minimum price is always stated in marketing materials and is also announced at the auction.

.Sealed-Bid Auction: This sales method utilizes confidential bids, which are submitted to be opened at a predetermined time and place.

To learn more about the auction process or to see if your property you might benefit from participating in an auction, please contact Troy Fowler at (305) 206 0349

Selling real estate is still viewed as one of the most challenging and often lengthy transactions in the marketplace. Each step, from pricing the property to identifying potential buyers, negotiating, etc. can often create circumstances that unravel a deal or create frustrations at a minimum. As a result, auctions have become a rising star in the field of real estate to help eliminate many of these challenges and foster a smoother, faster and more seamless process to closing a real estate transaction.

In a trend that is growing nationwide, property owners are finding that auctions can dramatically reduce the amount of time they must wait to find qualified buyers who are ready to purchase for an amount that they will accept and at an exact day and time they choose. It is currently estimated that 5% of all real estate transactions are currently auctioned. That number is expected to increase to 30% by 2010.

Once viewed as a last attempt to unload property during desperate circumstances, auctions are now becoming a much more viable alternative to market and sell properties quickly and efficiently. One of the best advantages of a well marketed real estate auction is that it can expose the property to a large number of pre-qualified prospects and minimize the length of time that a property must be shown to find a buyer. Another advantage to the seller is that a buyer's premium is of part of the sales transaction, thereby offsetting marketing and other selling costs from the seller.

For buyers, auctions create both excitement and a chance to purchase at below the highest market value. Buyers understand that they are competing fairly and on the same terms as other buyers and long negotiation periods are eliminated.

Call me for more information about auction at 305.206.0349 or visit www.Auction-Generation.com for a free Video Presentation.

By Troy Fowler Lc. Real Estate Auctioneer (AARE, #AU3595, #AB2717, CES) & LIc. Real Estate Broker

• To identify the net financial goal from the sale of the property

• To work together with David & Katherine Selby to create a high impact auction marketing strategy that will achieve the highest results the market will offer.

• To leverage our combined knowledge of the property, as well as the future growth of the area as a key marketing strategy to maximize the number of bidders and bid amounts.

• To create a strong sales "value proposition" that provides potential buyers with the most pertinent information regarding the subject property.

• To incorporate the use of multiple marketing methods to expose the property to reach the largest potential customer base.

Auction Generation, LLC is incorporated under the laws of the State of Florida. The primary purpose of the company is to promote the auction method of selling as the preferred choice for the disposition of assets.

Auction Generation, LLC works with both residential and commercial clients. We operate as a Licensed Auctioneer (#AU3595, #AB2717, AARE), offering our clients alternatives to buying and selling property through the Auction process.

We work with sellers to determine their selling objectives and provide our expertise in helping to estimate market value, create an intensive sales campaign and identify other financial issues to ensure we are doing everything possible to sell our client's property for the highest possible value. Our auction team has auctioned thousands of properties throughout the state, including individual property owners, developers, government and REO properties for over 20 years.

We understand that successful auctions are the result of unique and carefully planned events. Our pre sales campaigns are designed to create maximum exposure, multiple bidders and generate the highest possible value.

We recognize that each client has their own unique perspective of the real estate market and financial objectives. We will work together with you to understand your goals and offer our expertise and solutions to help you achieve your sales objectives.

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.

Mr. Fowler has been awarded the distinguished AARE designation.