Have you ever stared at your computer and thought of it as a machine that might write you a paycheck as a home based business? There are billions of websites and somebody is making money, why can’t it be you? If you have ever wanted to work from home, now is the time to take action.Being an online business is the great equalizer. No one knows if you have a 40 million square foot warehouse or if you have 3 boxes hidden under your bed. Starting a brick and mortar business is extremely complicated and highly risky. A virtual business that you work at home gives you flexibility to succeed without a huge risk. In a very short time you can be up and running and have income.So what are some of the things that you need to succeed when you work from home?1. Find something that you enjoy and something that you will have fun learning more about. You are going to more than a burning desire for money to build a home based business. If you share something with others that you have a burning desire for you increase your odds of success.2. Start with the basics. You will need to have a bank account. Check for any zoning laws about home based businesses in your area. To suddenly start being successful and having an inspector to show up and red tag your work from home business can be expensive.3. Add separation from your personal life and your business life. Sometimes working at home you try multitasking the separate aspects of your life and both suffer.4. Self discipline is critical. Remember this is still a job. You are now working for your home based business. Set the hours you will work and follow your plan to success. The biggest cause of failure of any type of business owner is failing to show up to work.5. Socialize and network. Home based businesses grow because people know you are doing it. Big box stores can spend millions of dollars advertising each week. Your million dollar ad budget is word of mouth to get started. Be prepared to face rejection, but remember that if you can have 10 quality conversations a day and gain one new customer a day you will soon have a work from home empire.6. Find a strong online marketing training company and learn how to expand your business from the experience of others. Just because you work at home does not mean that you have to work alone.A home based business gives you the opportunity to replace your job with a successful work from home career. By working at home you will leverage those things that you honestly love to do. Let me be the first to wish you not great luck but to wish you great experience. Experience is what you control luck is just going to happen.For more insights in how to succeed with a home based business check out our resource box below.

On a sunny afternoon in Florida, an energetic crowd gathers on the lawn of a high end luxury estate. A loud and eager banter between an auctioneer, a group of bidders and bidder assistants fills the air. For several minutes the auctioneer asks for the next highest bid and the bidders respond. Suddenly the bidders grow silent. The high bidder holds his breath in anticipation of winning the auction. The auctioneer calls for one more bid. In a loud clear voice which rolls over the audience he says, “Fair warning, last chance” the auctioneer pauses, “SOLD!” And in less than 10 minutes another multimillion dollar estate has changed owners.

Successful real estate auctions like the one above are happening all over North America and the Caribbean. Recently real estate auctions have been on the rise, the increase in popularity is partly driven by growing inventories and fading buyer confidence. Properties that were selling in weeks using traditional methods are now languishing on the market unable to attract buyers even as seller’s lower prices. Many say the real estate boom is over but savvy buyers and sellers are profiting from real estate auctions.

Real Estate Auctions Work in Up or Down Markets.

Regardless of trends or market cycles, real estate auctions provide an open and transparent process for buyers and sellers. Properly conducted real estate auctions attract ready and willing buyers and motivate them to act now.

The auction method removes the “wait and see” attitude which serves to further depress real estate values. Buyers are always concerned about overpaying. Buyers gain confidence with their purchases at real estate auctions because they can see what others are willing to pay.

When market demand is high and inventories low, real estate auctions can deliver selling prices well above what a willing seller would have accepted in a negotiated private treaty sale. In good selling climates many property owners using traditional real estate methods; negotiating with one buyer at a time, leave thousands of dollars of equity on the table. During up markets real estate auctions are the best way to establish top market price.

Evaluating Your Real Estate for Auction

Not every property or seller for that matter makes a good candidate for auction. First of all sellers must be ready to sell now and for the current market value. Also a real estate auction will not fix problems caused by a downturn in market value of your property, if you owe more than a willing buyer will pay, be prepared to come to closing with your check book.

Properties that do well in real estate auctions have a high uniqueness factor. Ask your self, “What makes my property different from most others?” Maybe you own a resort property or high end luxury home, commercial properties and land do very well at auction. Real estate auctions thrive on uniqueness. If your property is like everyone else’s, the best thing you can do is offer the most competitive price.

Most importantly sellers must be reasonable about setting a minimum bid. A seller must look at the lowest, most current comps and price below that to generate the interest and urgency necessary for a successful real estate auction. Once the auction begins and qualified bidders start competing against one another you can watch the selling price increase.

Locate a Qualified Real Estate Auctioneer

Start by checking with the National Auctioneers Association, the best real estate auctioneers belong to this organization. These real estate auctioneers are well trained and adhere to a standard of practice and a code of ethics. Many attend the annual International Auctioneers Conference where the latest techniques and innovations in the real estate auction industry are presented.

Find out if the company you are interviewing is a full time real estate auction firm. Many real estate agents are getting auction licenses yet have no experience with the auction method of marketing. Conducting a successful real estate auction is nothing like (private treaty) traditional real estate sales. Go with a real estate auction pro.

You’re probably better of with an auction house that specializes in real estate auctions. There are many qualified auctioneers who have generations of experience selling personal property; furniture, dishes, lawn equipment and the occasional rare painting. Selling real estate at auction is a complex matter that should only be attempted by full time experienced real estate auction professionals.

Commissions and fees may vary, sellers must pay all marketing expenses up front and buyers typically pay 10% of the sales price to the auctioneer of which a share goes to participating real estate agents.

Types of Real Estate Auctions

Auctions are effective because they create a seller’s market. Professionally conducted real estate auctions create urgency, a reason to buy today and competition for the property. Terms and conditions of sale are established ahead of the auction. Real estate auctions will follow one of these three approaches:

Absolute Auction

The property is sold to the highest bidder regardless of price- using this process often returns the highest sale price.

Minimum Bid Auction

Seller agrees to sell at or above a published minimum bid price – this method is useful for internet auctions.

Seller Confirmation or Reserve Auction

With a reserve auction, the seller “reserves” the right to accept or decline any bids usually within 48 hours of the auction. Reserve auctions are used when there is a lien on the property from a lender or a court ordered sale with a minimum selling price.