      
 Realtors© Recognize Importance of Understanding Home AuctionsPublished: Friday, February 06, 2009 The National Association of Realtors© has created an online course for their members, "Introduction to Real Estate Auctions", responding to the growing trend by consumers of purchasing homes at real estate auctions across the country. According to NAR President Dick Gaylord, "More real estate is sold by auction every year, and Realtors are there to help both buyers and sellers navigate the auction process successfully." He further stated "Realtors© add value to the real estate transaction with their expertise in managing complex real estate transactions, and auctions are no exception." With record numbers of foreclosure listings, banks and other home sellers are turning to real estate auctions more and more to achieve a quick sale. The NAR reports that $17 billion in transactions were a direct result of the residential home auction market in 2007, up 5.3% from the year before. Numbers for 2008 are expected to climb even higher given that 49% of all sales last year were attributed to bank owned homes. To prepare agents for this trend in home sales, the online course addresses the complex issues related to home auctions. The "Introduction to Real Estate Auctions" course was developed to help Realtors identify potential properties for auction, market properties for auction and partner with auction firms. The course is also an approved elective for the Accredited Buyer's Representative designation, which is conferred by NAR's Real Estate Buyer's Agent Council. As part of its Realtor© University, the NAR offers over 300 hours of online continuing education and professional development training. Realtors© completing the certification offer buyers added expertise and ease of transactions when buying at a foreclosure home auction. So don't go into your next home auction purchase without the help of a certified Realtor©. The professional home auction companies recognize the value of buyers using a real estate agent and regularly work with the sellers to provide buyer's agent compensation. Realtors can learn more about and register for the online auction course by visiting www.Realtor.org/RealtorUniversity. Other Recent ArticlesHome Buyer Tax Credit Extended Until April, 2010Category: Recent Articles Published: Thursday, December 10, 2009 The federal tax credit has been extended to April, 2010, including an expanded benefit to existing home owners who sell their homes and then repurchase a new primary residence valued at $800,000 or less. This could be the perfect opportunity for buyers who wanted to cash in on home auction bargains but were fearful of lower resales on their existing homes. 57,000 Foreclosures Remain in California – Lenders Scheduling More Home AuctionsCategory: Recent Articles Published: Thursday, December 03, 2009 The Southern California foreclosures market may be shifting, with fewer homes entering foreclosure than in previous quarters. However there are still 57,000 existing foreclosures statewide that need to be sold, and lenders are looking at foreclosed home auctions as a major tool to sell large numbers of foreclosures in a short amount of time. Southern California Foreclosures Still the Bulk of Home SalesCategory: Recent Articles Published: Friday, November 27, 2009 Southern California foreclosures still account for the bulk of area homes sales and lenders are finding real estate auctions the fastest and most efficient method of clearing their books of REO properties. Buying a home at auction requires a little prep work, however and the experts at homeauctionexpo.com share their insight on how to find the best auction properties.  February 2009
  S
M
T
W
T
F
S
 CategoriesBlog Roll & Resources
|
