Showing posts with label auction home. Show all posts
Showing posts with label auction home. Show all posts

Monday, January 30, 2012

Ex-Romanian Dictator's Gifts up for Auction

BUCHAREST, Romania January 26, 2012 (AP)
What did they give the dictator who had everything?
An African leopardskin or a silver dove — a novel offering from the former Shah of Iran — are just two examples of gifts received by Nicolae Ceausescu that will be auctioned off Thursday, on what would have been the late Romanian leader's 94th birthday.
The auction which is billed "the Golden Age" is a reference to the final years of Ceausescu's rule, when Communist Party officials painted a rosy picture of life in Romania, while, in reality, people struggled with food shortages, power outages and the dreaded Securitate secret police which kept tabs on the population of 23 million with an army of 760,000 informers.
Ceausescu, known as "the Genius of the Carpathians," was overthrown during the 1989 anti-communist uprising and executed with his wife Elena after a summary trial on Christmas Day, 1989.
"This auction is first of its kind gathering together objects from private collections and items that belonged to the family which were sold by the state," Mihail Stomff, head of private sales at Artmark auction house told the Associated Press. "The value is foremost a historical one."
So what's on offer Thursday and at what price?
There's a carpet depicting the family of the dictator that should have had pride of place in the People's Palace, a giant building that now serves as Romania's Parliament and was inspired from a visit to North Korea in the 1971, that has a starting price of euro800 ($1,035), a swanky pen that will go under the hammer for at least euro2,000 ($2,585) which Ceausescu received during a visit to Japan in 1975, and an assortment of furs which will sell for at least euro1,200 ($1,555).
Among the more eccentric items is a bronze yak given to Ceausescu by China's Mao Tse-tung and or gold-plated silver and enameled doves that Ceausescu received from the Shah of Iran in 1977.
There are also Communist-era posters, medals, photos and flags, up to 70 years old, some extolling Lenin and Stalin. A Time magazine from 1948 has Ana Pauker, a Romanian Communist Party leader on the front cover.
Some of the objects were initially auctioned in by the state organization charged with dealing with the dictator's goods and came back on the market through private owners.
Fascination with the former Romanian leader his lavish lifestyle is nothing new, but Thursday's sale is the first public sale of Ceausescu memorabilia in a decade.
In the past, auctioneers have offered custom-made sports utility vehicles which were used by the Ceausescu couple, and even pajamas which were snapped up, with unsold items donated to an old people's home.
Buyers from Japan, the U.S. and Britain have been among those that bought the dictator's memorabilia, and foreigners still appear to be fascinated with Ceausescu.
"The posters are superb. They reflect an era," said a Canadian buyer late Wednesday, who declined to give his name. "It will be interesting to see the profile of buyers tomorrow." (By ALISON MUTLER Associated Press )

Oresy Auction Facts


The shortest online real estate auction conducted on oresy: 4 Days
Auction started Thursday January 26, 2012 in the afternoon and ended Monday January 30, 2012 at 10:00am
Property located in Castro Valley, California. Listing agent: Lucy Corzantes with Sunshine Realty.
Marketing: Oresy marketing team (Sale Boost Program offered by Oresy.com)
Sunday auction preview (Open House):  125+ visitors
Registered Bidders: 24
Active bidders: 13
Auction started at $149,000
Highest Bid: 279,000
Neighborhood property market values: 250,000 to 280,000

Sunday, December 18, 2011

Italy - Castello - Venice - Apartment

The apartment is located in Castello, which is the largest of the six sestieri of Venice.
The district became divided between the Arsenale,, and the monasteries in the north of the quarter.

For sale totally restored duplex.
The apartment is composed by:
Ground floor: large living room, kitchen, bathroom
First floor: 2 bedrooms, 1 bathroom
The distance from the International Airport: 7 km, train station: 2 km.
The price: 650.000 €


For more information visit: Oresy.com 

Italy - Castiglioncello - Tuscany - Villa for Sale

Located in an exclusive and private place, fascinating villa on the promontory of the ancient village of Castiglioncello with a wonderful view over the Tyrrhenian Sea and surrounded by the Mediterranean vegetation.









DETAILS




Interiors surface: 1200 m2
Exteriors surface: 5000 m2

Villa
bedrooms: 9
bathrooms: 10
living rooms: 5
dining rooms: 2
kitchen: 1

Dependance
bedroom: 1
bathroom: 1
dining room: 1
kitchen: 1
plus other rooms and technical sheds
lift
private carpark
private jetty
private beach
parkland: 5000 m2

Offered at: 10,500,000 Euros

For more information visit: Oresy.com

18 Questions For Every Home Seller (Part 5) e-book


4.            How much is my home worth?

Home sellers are often frustrated by this seemingly simple question, and indeed pricing is a difficult step. Using traditional sales methods, you are caught between a rock and a hard place: if you ask too little, you’re giving up a portion of your net worth. If you set a high price, the property is less likely to sell -- and of course properties that sit for many months on the market can seem unappealing.

Most auction-based methods sidestep this problem by setting a low starting price and letting the market drive the price up to its final value. But regardless of what method you might use, a value estimate range will define your sales efforts.
Is my home’s previous price a guide?
At the time of this writing, the market is flat in my area. If I purchased a property a few years ago, I could probably sell it today for roughly the same price. But more commonly, real estate values are in long, steady ascension, with occasional sharp drops. In other words, the price of your home today has little or nothing to do with how much you paid for it years ago, and basing your price on what you paid in the past will either cheat you of a higher price or, in a poor market, prevent a sale entirely because of your unrealistic expectations.
Online sales tools
Chances are you’ve already turned to online tools to value your home. If not, enter “real estate value” or “how much is my house worth?” in a search engine. The resulting web sites will provide you with a quick estimate.

But keep in mind that such services never reflect a great many factors, such as the condition of your house or the very latest dips or bumps in the marketplace. So keep in mind that even the most reputable online home valuators can be as much as 15% over or under the realistic price. And some sites were created primarily to provide leads to real estate agents and to collect personal information.

Another online tool for real estate sellers are forums. Because of the participation of agents and brokers in some of these conversations, advice you receive there may be self-serving on their part. And others in your market may provide inaccurate or out-of-date advice.
Know your market
Get on sounder footing in understanding what your own home is worth by familiarizing yourself with other nearby properties. Attend the Open Houses and observe the final selling price. Is it under or over what the online valuators predicted? How long did the property take to sell? What properties aren’t selling? The final, real world prices when similar properties do sell nearby -- these are the true values and are strong indicators of what your selling experience might be. These are comps: A price paid recently for a similar home in a comparable location.

Keep in mind that comps are merely hints at your property’s value; no two properties are quite identical even if they were built to the same plan, and neither are any two locations. This means the only perfect certainty valuing a property is to find a buyer willing to buy at a given price. If you are comfortable researching comps and other valuation indicators on your own, you are a strong candidate for selling your home without the aid of an agent.
Amenities
The value of your property is higher if you can show it has some of the amenities that buyers today value highly. For example, is there a home office space? Easy-to-connect internet and cable TV hookups? An outdoor grill area? An upstairs laundry area? A laundry sink? A guest bedroom with private bathroom? A casual eating space in the kitchen? Include these in your valuation -- they really can distinguish your house from the place that just sold down the street -- and highlight them during your Open House.

Saturday, December 17, 2011

Auctions: The Past, Present and Future

Auctions: The Past, Present and Future

“Auction” derives from the Latin word “Auctus” which means “increasing”.
Babylon  500 B.C.
The First Auctions
          Women were auctioned off as wives
          The descending method of sale was used
          Returns were allowed
          Dowries and other offers were added for less attractive women
          It was considered illegal to allow a daughter to be “sold” outside of the auction method
Rome 30 A.D.
          Rome was the first nation to license auctioneers.
          Marcus Aurelius sold family furniture at auction to satisfy debts.
          Roman soldiers sold war plunder at auction.
          The “Magister Auctionarium” drove a spear into the ground to start the auction. Today auctioneers use a gavel to start auction.
          One of the most significant historical auctions occurred in the year 193 A.D. when the entire Roman Empire was put on the auction block by the Praetorian Guard.
          On March 23 the Praetorian Guard first killed Emperor Pertinax, then offered the empire to the highest bidder.
          Didius Julianus outbid everyone for the price of 6,250 drachmas per guard.
          This initiated a brief civil war and Didius was beheaded two months later when Septimus Severus conquered Rome.
Stockholm Auction House
          Founded in 1674, Stockholms Auktionsverk is the oldest auction auction house still in business.
          Founded by Baron Claes RÃ¥lamb

England
In some parts of England during the seventeenth and eighteenth centuries auction by candle was used for the sale of goods and leaseholds.
The auction began by lighting a candle after which bids were offered in ascending order until the candle sputtered out. The high bid at the time candle extinguished itself won the auction.

Post French Revolution
At the end of the 18th century, auctions came to be held in taverns and coffeehouses to sell art.
Auctions were held daily and catalogs were printed to announce available items. Many considered the auction catalogs art in themselves as they were very elaborate and detailed.
Sotheby’s Auction House was founded in 1744
Christies Auction House was founded in 1766

Pilgrims 1600s
Popular Early American Auction Items
          Crops
          Imports
          Livestock
          Clapboard
          Tools
          Slaves
          Tobacco
          Fur
          Farms
America’s first president, George Washington, was an avid auction buyer.

Civil War Era
          Colonels auctioned off the spoils of the war
          Only officers of the Colonel rank could conduct auctions of war plunder
          Today, Auctioneers are commonly referred to as “Colonel”

1900s
          Auctions schools start to open in America
          The Jones’ National School of Auctioneering and Oratory is believed to be the first American auction school
Great Depression
During the Great Depression auctioneers traveled the country to liquidate the estates of farmers whose farms had failed because of drought and bank foreclosures.

1950s
          The sale of goods and real estate by the auction method of marketing was booming
          The need for real estate and personal property to be sold faster than the private market moved auctions to the forefront and the modern auction business was born
          Auctioneers began to be linked to banks, attorneys, accountants, the court system, and government agencies to liquidate property, seized assets and surplus property

Auctions Today
          The live auction industry continues to grow in the United States and if it can be sold, its been sold at auction.
          In 2002, the auction industry sold $195.3 billion in goods and services. In 2008, $268.5 billion was sold at auction!
          The fastest growing sector of the live auction industry is real estate. Residential real estate is the fastest with total gross sales increasing 47.7% between 2003-2008.
          The largest sector is automobile auctions with $83.1 billion sold in 2008. 

Technology
          Today’s auctioneer uses a variety of media (i.e. print, billboards, Internet) to reach both buyers and sellers
          With the launch of eBay in 1995, auctions have flourished both live and online
          Auctioneers today use the Internet to both market their auctions, as well as host live, streaming video of auctions where bidders can bid from their computers
Entertainment & Auctions
          In addition to advances in technology and popularity of eBay, auctions are also gaining popularity in mainstream media
          Popular television programs like Pawn Stars, Antique Roadshow, Cash in the Attic, Bargain Hunt, Houses Under the Hammer and Flip That House have both entertained and educated consumers about the many benefits of buying  and selling at auction
                                          SOLD!
(National Auctioneers Association)

18 Questions For Every Home Seller (Part 4) e-book


3.            When should I sell?

Seasonal peaks and valleys

In most American markets, the best times to sell are late February to mid-June and early September to late November. More buyers will be out looking at properties and more will be making offers. In mid-summer and in winter, expect low offers -- if any at all. Leave these seasons to desperate sellers, and if you’re buying another house yourself, consider looking during these periods.

Ideally, prepare your home for the market well before the peak season to get started when the season begins. This will give you as much time as possible to sell, most likely avoiding the problem of needing to sell before the summer or winter dead period begins.

And if you can, sell during the February-June window when other sellers are less motivated to close a deal. Many sellers are more motivated to complete a sale in the fall season because they may see the need to pay income-reducing expenses before year’s end.

In a strong market

It’s tempting in a strong market to want to realize big gains, but of course if you intend to move to another strong market your gains will be swallowed up in the cost of your new home. And if you move from a strong market to a weaker market, you may end up eliminating mortgage debt in the short term (selling for $450,000 and buying for $350,000 for a comparable space) but future appreciation may likely be weaker in your new location in future, as well.

In a soft market

Selling in a soft market means fewer potential customers, a lower property value, and a potentially disheartening wait for a buyer at a reasonable price. But if your new home will also be in a soft market, a bargain awaits you after the sale while waiting for the market to improve might only lead to worse valuations for the foreseeable future. If moving to a stronger market, you will likely take on more debt or need to trade down to a lesser space, but you may see greater future appreciation of your new home than you would have ever known in your former soft market.