This is a different conversation that may be a better version without all the background noise. We told everybody to turn down the damn music and shut the hell up while Don was talking…. Don says he don’t know what’s the matter with people these days… however this is a great story about how he got his favorite challenge coin made…
Don Graves, United States, Marine Corps veteran and a resident of Keller Texas gets to visit Washington DC and gets a coin from the president of the United States
I got ask … what’s gonna happen with the trinkets, trolls and whatknots … all personal
Propery goes separate … real estate selling to the highest bidder … maybe, if the buyer has the money. In Dallas so many people say they can buy, but end up backing out … the seller does not want anyone to back out. To many people try to renegotiate after the contract is written … that’s the reason they hired an auctioneer … cheers everyone …. lol the house is full of all kinds of differnt things… a cow skull, lots of chickens, and 14k gold ring we found… What do you do when you sell real property and it is full of this kind of stuff ..?.
https://myersjackson.com/5419-stoneleigh-ave-dallas-tx-75235/
Area Auctionneer has a different preference. What is yours?
In multiple offer situations there could be several variables, how do you handle this?
In multiple offer situations there could be several variables, how do you handle this?
Why does this happen so often… this was just last week over in North Richland Hills area…
What do you think about auctioneers.???
Plz be honest … i’m seeking how real estate agents perceive Auctioneers. I get mixed reviews, but I just wanna know how you guys feel. Will you help me with that? In the past, I’ve actually given a seminar called. Are you scared of all years because I am scared of Realtors. He got a lot of laughs, but we had some good conversations.
This TX whiskey was branded specially made to honor the Brotherhood for the Fallen… what say you ..?
Are auctions negotiable…?
The text highlights a massive blind spot in the real estate industry: many traditional real estate agents and brokers simply do not understand how real estate auctions work, even though they are legally obligated to have "subject matter expertise" for the services they provide. According to Myers Jackson a “Real Property Auctioneer” says that
The core can be broken down into a much clearer, actionable explanation of how real estate auctions operate and why the standard real estate rules don't apply.
The Golden Rule: "The Fall of the Hammer"
In a traditional home sale, you submit an offer, negotiate back and forth, sign a contract, and then use a contingency period (usually 30 to 45 days) to do home inspections or secure a mortgage. If you find a problem, you can re-negotiate the price or walk away.
Auctions completely reverse this timeline.
Before the Auction: This is when \*all\* your homework happens. You must view the property, read the "due diligence" packet, review titles, arrange your financing, and complete inspections before you place a single bid.
The Fall of the Hammer:
When the auctioneer's gavel drops, the property is officially sold. The high bid creates a binding, non-contingent contract.
No Post-Auction Negotiation: You cannot try to renegotiate the price, ask for repairs, or back out because you couldn't get a loan. If you do, you will lose a massive non-refundable earnest money deposit and could face legal action.
Real Estate vs. Traditional Sales
| Feature | Traditional Home Sale | Real What This Means For You
If you are looking to buy a property at an auction, the text gives you some very blunt but necessary advice regarding your representation:
Assess your agent. Ask your real estate agent how an absolute auction or a reserve auction works. If they tell you that auctions "don't comply with the real estate industry" or they dismiss them out of hand, it usually means they just don't know how they work.
Because an auction requires specialized contract knowledge and intense pre-bid preparation, using an untrained agent puts your deposit—and your legal liability—at serious risk. If your agent isn't willing to learn or attend a seminar to understand the mechanics, you need to find an agent who specializes in auction representation.
Of course, real estate auctions come in a few different flavors.
How to buy a Real Estate at Auction..? this is not an advertisement. It is just a conversation on how you may buy a home or piece of land if you see the property advertised that option. Maybe I can help you out with some insight.
I’ve been seeing a massive surge of the buyers interest in real estate auctions lately (especially with people trying to find deals in this market). But there is a terrifying blind spot happening right now: Many traditional real estate agents have absolutely no idea how auctions legally work. I can help clarify… you do not have to fire your Real estate Agent, just ask them to get informed…
If you are looking to buy a property at auction, even though I can’t give you legal advice maybe I can give you some guidance…? Anyone , butler..?
The text highlights a massive blind spot in the real estate industry: **many traditional real estate agents and brokers simply do not understand how real estate auctions work**, even though they are legally obligated to have "subject matter expertise" for the services they provide. According to Myers Jackson a “Real Property Auctioneer” says that
The core can be broken down into a much clearer, actionable explanation of how real estate auctions operate and why the standard real estate rules don't apply.
### The Golden Rule: "The Fall of the Hammer"
In a traditional home sale, you submit an offer, negotiate back and forth, sign a contract, and then use a contingency period (usually 30 to 45 days) to do home inspections or secure a mortgage. If you find a problem, you can re-negotiate the price or walk away.
**Auctions completely reverse this timeline.**
* **Before the Auction:** This is when *all* your homework happens. You must view the property, read the "due diligence" packet, review titles, arrange your financing, and complete inspections *before* you place a single bid.
* **The Fall of the Hammer:** When the auctioneer's gavel drops, the property is officially sold. The high bid creates a **binding, non-contingent contract**.
* **No Post-Auction Negotiation:** You cannot try to renegotiate the price, ask for repairs, or back out because you couldn't get a loan. If you do, you will lose a massive non-refundable earnest money deposit and could face legal action.
### Real Estate vs. Traditional Sales
| Feature | Traditional Home Sale | Real Estate Auction |
|---|---|---|
| **Contracts** | Contingent on financing, inspections, or appraisals. | Absolute, non-contingent. "As-is, where-is." |
| **Negotiation** | Happens *after* an initial offer is submitted. | Happens *before* by setting limits, zero negotiation after the hammer. |
| **Timing** | Can drag out for weeks during the escrow phase. | Immediate sale. Closing usually happens strictly within 30 days. |
| **Fees** | Standard agent commissions paid by the seller. | Often includes a "Buyer’s Premium" (a percentage added to your winning bid). |
| ### What This Means For You | ||
| If you are looking to buy a property at an auction, the text gives you some very blunt but necessary advice regarding your representation: | ||
| > **Assess your agent.** Ask your real estate agent how an absolute auction or a reserve auction works. If they tell you that auctions "don't comply with the real estate industry" or they dismiss them out of hand, it usually means they just don't know how they work. | ||
| > | ||
| Because an auction requires specialized contract knowledge and intense pre-bid preparation, using an untrained agent puts your deposit—and your legal liability—at serious risk. If your agent isn't willing to learn or attend a seminar to understand the mechanics, you need to find an agent who specializes in auction representation. | ||
| Of course, real estate auctions come in a few different flavors. |