Stacey-Ann's Blog

head_left_image

My First Real Estate Auction

Today I attended an auction for a condo in Largo, MD.  We were allowed in an hour before the auction to investigate the unit.  I was actually surprised that there were so many people there - my guess is 8-10 sets of people bidding.  

The bidding started at $20,000 and quickly climbed to a point that eliminated many of the buyers present.

I'm not sure what I expected but it kinda felt like I was on an episode of Storage Wars.  It was very civilized and controlled and the unit actually sold for very close to market price.

One interesting thing was that the buyer is charged a 5% auction premium which is added to the sales price but this auction company only offered 1% commission to an agent who brought their client.  That means at opening bid price I had the potential of earning a whopping $200.

Most buyers shy away from auctions because they aren't contingent on financing.  However, it seems that they would be good ways for cash buyers to scoop up some good investment properties.

Having attended one and seeing that it really wasn't that strange I no longer feel intimidated by the concept and I look forward to attending more in the future.

If you or someone you know would like information about buying, selling, or renting a home in Prince George's, Montgomery,  Charles, Calvert, Anne Arundel, Howard, and/or Baltimore Counties please contact Dr. Stacey-Ann Baugh of Century 21 New Millennium.

 

Search Homes for Sale

 


Donations made to charity with every successful closing!


Dr. Stacey-Ann Baugh

Century 21 New Millennium

www.LiveinPGCounty.com

staceyannbaugh@gmail.com

240-481-3565 (C)

202-546-0055 (O)

 

FINALLY!  A DOCTOR WHO MAKES HOUSE-CALLS!

 

Information deemed reliable but not guaranteed! 

 

 

 

Comment balloon 5 commentsDr. Stacey-Ann Baugh • September 28 2011 09:27PM
My First Real Estate Auction
share
Today I attended an auction for a condo in Largo, MD. We were allowed in an hour before the auction to investigate the unit. I was actually surprised that there were so many people there - my guess is 8-10 sets of people bidding. The… more
I-Pads & Bathtubs - A Match NOT Made in Heaven!
share
I got my I-Pad last year for my birthday and I absolutely love it even though I don't use it for anything intelligent. On Wednesday night my 6 year old son says to me "Mommy I have to tell you something and you have to promise not to yell… more
National Book Festival - September 24 & 25, 2011
share
The National Book Festival will take place this weekend on the National Mall in Washington, DC. Saturday, September 24, 2011 from 10am - 5:30pm Sunday, September 25, 2011 from 1pm - 5:30pm The National Book Festival is free to the… more
Worldwide Day of Play - September 24, 2011
share
Nickelodeon's Worldwide Day of Play will take place on the Ellipse of the National Mall, Washington DC on Saturday September 24, 2011 Festivities begin at 10am and will run until 4pm. The Worldwide Day of Play is designed to encourage… more
2 bedroom condo in Largo, MD for rent
share
Stacey Baugh | EOP Real Estate, LLC | (240) 206-7283 Lake Pointe Court, Upper Marlboro, MD Beautiful 2 bedroom 2 bathroom condo in Largo. 2BR/2BA Condo $1, 600/month Bedrooms 2 Bathrooms 2 full, 0 partial Sq Footage Unspecified Parking 1 dedicated… more
Living in Upper Marlboro, MD
share
Upper Marlboro, MD is located just outside the Nation's capital in Prince George's County, MD Upper Marlboro serves as the seat of PG County government and houses the courthouse as well as the PG County government offices. Upper… more
Living in Fort Washington, MD
share
Fort Washington, MD is located just outside the Nation's capital in Prince George's County, MD Fort Washington is a vibrant city that features shopping, restaurants, great parks and recreation. Living in Fort Washington, MD.. more
Calling all Maryland Contractors
share
I am working on putting together a list of "go to" professionals in all categories related to the home buying process. I would love to get recommendations for contractors and workers that you have worked with and been happy with the… more
2011 Angie Houtz Memorial Scholarship Winners
share
On the 10th anniversary of her death it seems only fitting that we announce the students who have been chosen as the 2011 Angie Houtz Memorial Scholarship winners. Each year I am in awe of the talented young people who apply for the… more
PG County Open Houses 9/11/2001
share
After the most rain I have ever personally seen, those of us that live in PG County, MD are happy to see the sun. This should be a good weekend to check out the many attractive and desirable homes currently available on the market. There are some… more