http://www.maggiacomoblog.com/auctions MaggiacomoBlog Tue, 10 Jan 2012 17:32:57 +0000 hourly 1 http://wordpress.org/?v=3.1.3 http://www.maggiacomoblog.com/auctions/comment-page-1#comment-50 Jay Wandalowski Mon, 09 Nov 2009 19:15:13 +0000 http://www.maggiacomoblog.com/?p=48#comment-50 I am seeing more auctions for commercial real estate in my area. An out-of-town bank turned down, what I believed to be, a strong all cash offer on a property in favor of putting the property up for auction. I believe they made this choice because they did not understand the market. Although sales at auction do not guarantee the highest sales price, the process is viewed as relatively straight-forward and transparent for both the sophisticated and unsophisticated seller. The sold, "as is", feature, the option to have a reserve and the sale to the highest bidder convey a level of fairness and also control on the side of the seller. I am seeing more auctions for commercial real estate in my area. An out-of-town bank turned down, what I believed to be, a strong all cash offer on a property in favor of putting the property up for auction. I believe they made this choice because they did not understand the market. Although sales at auction do not guarantee the highest sales price, the process is viewed as relatively straight-forward and transparent for both the sophisticated and unsophisticated seller. The sold, “as is”, feature, the option to have a reserve and the sale to the highest bidder convey a level of fairness and also control on the side of the seller.

]]> http://www.maggiacomoblog.com/auctions/comment-page-1#comment-49 Dave Gilmore Mon, 09 Nov 2009 16:55:46 +0000 http://www.maggiacomoblog.com/?p=48#comment-49 Outstanding, Kevin. We will do our best to prove you right. Outstanding, Kevin. We will do our best to prove you right.

]]> http://www.maggiacomoblog.com/auctions/comment-page-1#comment-47 David Fri, 06 Nov 2009 16:36:28 +0000 http://www.maggiacomoblog.com/?p=48#comment-47 Amen. Although I am relatively new to the world of RE as an investor, I have experienced the positives and negatives of this lack of transparency. Now if we could rid the offering docs of 'pro forma' analysis and demand actual numbers then we can get farther down the path to ultimate transparency. Thanks for posting this. Amen. Although I am relatively new to the world of RE as an investor, I have experienced the positives and negatives of this lack of transparency. Now if we could rid the offering docs of ‘pro forma’ analysis and demand actual numbers then we can get farther down the path to ultimate transparency. Thanks for posting this.

]]> http://www.maggiacomoblog.com/auctions/comment-page-1#comment-46 Tweets that mention Auctions — MaggiacomoBlog -- Topsy.com Fri, 06 Nov 2009 15:59:03 +0000 http://www.maggiacomoblog.com/?p=48#comment-46 [...] This post was mentioned on Twitter by Sperry Van Ness and Kevin, Robert Pliska. Robert Pliska said: RT @maggiacomo Auctions will become the norm for commercial real estate transactions moving forward http://bit.ly/4s5cG1 #CRE [...] [...] This post was mentioned on Twitter by Sperry Van Ness and Kevin, Robert Pliska. Robert Pliska said: RT @maggiacomo Auctions will become the norm for commercial real estate transactions moving forward http://bit.ly/4s5cG1 #CRE [...]

]]> http://www.maggiacomoblog.com/auctions/comment-page-1#comment-45 Harry Fri, 06 Nov 2009 15:49:33 +0000 http://www.maggiacomoblog.com/?p=48#comment-45 Very well thought out points to support the claim. It was interesting to note the comments about the impending regulatory environment that we will most likely be seeing in our Industry within the next year. As one of my Economics professor told us way back when-"No one likes Government in their business, until the other guys take their lunch money." Very well thought out points to support the claim. It was interesting to note the comments about the impending regulatory environment that we will most likely be seeing in our Industry within the next year.
As one of my Economics professor told us way back when-”No one likes Government in their business, until the other guys take their lunch money.”

]]> http://www.maggiacomoblog.com/auctions/comment-page-1#comment-44 Louis Fisher Fri, 06 Nov 2009 15:48:40 +0000 http://www.maggiacomoblog.com/?p=48#comment-44 very nice --- at a boy Kevin very nice — at a boy Kevin

]]>