Facebook Auction Technology Group

November 7, 2011

Last week after reading several posts on a popular Auctioneer Facebook group, I realized that every time the issue of online bidding entered a conversation, there was a virtual Hatfield and McCoy type standoff regarding the validity of online bidding vs live auction.

In an effort to give auctioneers and auction professionals who utilize such technology in their business a safe place to discuss best practices without having to debate the issue of which is better, I created an Auction Technology Facebook group.

If you are an auctioneer or auction professional who would like to join the conversation, check it out at:

https://www.facebook.com/groups/216161725121201/

Please remember though, to leave your opinion of live vs online at the door. I guess we will see how long that lasts.

 

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Posted by robmayo

10 Myths of Real Estate Auctions – Myth 9

October 3, 2011

Myth 9 – All auction companies are the same, and all auctions are run the same.

Make sure you read the terms and conditions for each auction and that you call the auction company to ensure that you understand their use of specific terminology.

There are many variables that should not be assumed to be the same for every company. One example is that some companies utilize a percentage of the high bid while others utilize a flat amount for the deposit on auction day.

Other considerations are licensure and continuing education within the real estate and auction industry. It is important to work with auctioneers who are committed to their industry. Several questions to ask a prospective auctioneer or auction company are:

Are you actively involved in the National Auctioneers Association? Do you have additional certifications of industry related education such as Certified Auctioneers Institute, Accredited Auctioneer of Real Estate, Auction Technology Specialist, etc?

It is my opinion that we should never stop learning, and never stop striving to be the best that we can be. This is the only way that we can ensure that we are always on the cutting edge, and suited to help our clients in their time of need.

There are a lot of great auctioneers and auction companies out there to choose from. Understanding the differences between them can help you find a provider who is a good fit for you and your specific needs.

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Posted by robmayo

Alabama Auctioneers Association

May 23, 2011

I am looking forward to attending and presenting a couple of seminars related to auction technology at The Alabama Auctioneers Association annual convention coming up June 5th through the 7th in Orange Beach Alabama.

In addition to having the opportunity to catch up with friends as well as make a few new friends, I will also have the opportunity to spend time in some very beautiful country.

It will not be my first trip to Alabama. When I was in my twenties and at the end of my service in the Army, I was looking for a decent used car to drive from Hinesville Georgia, where I was stationed, back home to Las Vegas Nevada.

A friend of mine had a brother in law who owned a used car lot in a small town in Alabama. I don’t remember the name of the town, but I remember the gorgeous country we drove through to pick it up.

After hours of driving and $700 I was the proud owner of a well used Dodge Dart. The car served me well for my journey home, as long as I fed it a quart of oil every time it needed gas, it was fine.

I have some fond memories of that drive home, and hope to make a few more on this trip to the great state of Alabama.

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Posted by robmayo

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