Robert Calistri's, blog,

This property would make a great single family home site; it is just steps to an exclusive beach access to the Gulf of Mexico, for the person who is looking for a compound setting in Florida. The property is located on St Pete Beach, one of the best beaches in the world and is surrounded by multi million dollar homes. This Private St. Pete Beach access property is only two blocks from the landmark Don Cesar Hotel. The property is less than 100 ft. to the beach access, with no streets to cross. The owner is motivated but will start building soon and at that time the price may increase accordingly. Offered at $2,920,000.

1618 T0 1628 Central Ave, St Petersburg, Fl 33712

This 6 unit strip center on a 100x100 lot, currently has all units rented except one. Some of the units have been rented to the same person for many years. The strip center is located one block from Tropicana Field and in the middle of an extensive redevelopment area. The roof is only a few years old, 2 of the A/C units were replaced within the last 4 years and one of the units has a 2 year old full kitchen. The DC 2 zoning also allows support retail and office uses which assist the residents with the daily needs of living within this highly urbanized neighborhood.  The yearly income is currently $55212.00 with one store un rented. Pinellas county MLS Number is 735688. Offered at $949,000. The current owners are anxious to sell, so bring offers and you may be surprised.

Hotel For Auction

This beach front property that is steps to the beautiful gulf is now the best buy on the beach with a recent appraisal of 5.5 million in Feb 2008. The property will be auctioned by sealed bid on October 25 at 1PM and is being "sold-as". Many possibilities exist with this multi-use property. Up to 20 units can be built on this property or a single family home with approval of the city.  There are currently 14 units with potential to add more. This property is located in beautiful pass-a-grille just north of the hurricane restaurant . Now you can your own piece of paradise. There is a oversized pool 22 x 40 wide with a 6 x 10 spa with 3 Tiki Huts and a hut for cooking out on the grill.AUCTION

Tri-plex For Auction

DATE SATURDAY, NOV. 1, 2008 AT 12 NOON. THE PRICE LISTED IS THE STARTING BID AND THERE IS A RESERVE. This income producing property is located in Clearwater with easy access to Beaches, and downtown. The triplex is on an oversized corner lot 102x120. There are Two units in the front building each having 2 bedrooms and 1 bath. The rear house has 2 bedrooms and 2 baths. All units are occupied. The property can be used as an office location.AUCTION DATE SATURDAY, NOV. 1, 2008 AT 12 NOON. THE PRICE LISTED IS THE STARTING BID AND THERE IS A RESERVE.

When we list a property, the owner has given us permission to try to sell their property and put their faith in our ability to accomplish what they themselves could not do. Most of us will usually do the best we know how to sell the property. We list the property in the MLS, on our web site, advertise the property in newspapers, magazines and more. We pay for these marketing tools and at the end sometimes the property does not sell. When a property doesn't sell, the Questions I always ask myself are "Did I price the property right?", "Did I miss some outstanding problem when I walked through", "Are my advertisements working", etc.

Most of the time the answer is that I have done everything correctly. Then why didn't it sell? So what's the problem? The property not sell, could be for many reasons some of which are not things that we can control. Recently, after one such incident, I was sitting and watching TV. I noticed in less than hour there were multiple stories about the bad real estate market, housing prices falling, bank takeovers and the stock market being in trouble.

The media is filling the buyers and sellers minds with so much bad news that most are afraid to do anything. They're like a deer in the head lights of an oncoming car, frozen, unable to move. The sellers don't want to lower their prices because if they do and the market turns around they will kick themselves for selling to low. On the buyers side they are not sure the market has bottomed. They don't want to buy because they may get the property for less if they wait. OK, the media is a very big part of the problem, how do we solve it? We should have an answer, we are smart people and that's what property owner pays us for.
Bob

In the beginning when I was very young in this business and believed all will be well in the world I represented both the buyer and the seller for the sale of a property. I was a hard sale many offers and counter offers over price. Like a divorce. But in the end it got done. About a month later we all went to the closing at very good closing company. I decide that since we were all grownups we could sit down at the table together and close the deal. WRONG!   As we all were sitting there going over the numbers the buyer suddenly said "I would have paid more". The seller retaliated with "I would have sold for less". And they were off, in an instant the grownups were in kindergarten. They yelled at each other and I thought they were going to come to blows. The closer having faced this problem in the past asked me to take one of the parties into another room. That was the last time I put the buyer and seller in the same room if I had my way.
Bob

Hi All,
I do auctions in Florida. A while back I got a call from a Realtor who had a property she couldn't sell and it turned out to be her own investment property. She said the mortgage payments were killing her. She was working on trying to sell her property for over a year. I explain the types of auctions available and she said because she had a mortgage she could only do a reserve auction. I explained to her that I only did reserve auctions if the price was right or else we would both be wasting our time and money. The next day I went to see the property. This was at the time when the market had already dropped by about 20-30%. She had paid over 320K for it and want to sell it for 275K (The reserve amount). After doing my review of the property and looking at comps I told her the I could probably get 235K. She pleaded for me to help her (crying) and said she had a mortgage of 230K, but needed 275K. Against my better judgment I said yes (What a sucker I am). Well on the day that the auction was to take place I had a fever of 103. My son drove me to the property and I did the auction. At the end of the auction the highest bid was 240K. About 5K over my estimate. I presented the offer to her and she turned it down. I told her to cut her losses and take the offer, she refused. In case you don't know that means I didn't make any commission. Oh well, I went my way and she went hers. Five months later she called me and ask if I could call the person who made the offer because she was now in foreclosure. I said OK even though I knew what the answer would be. Yes the buyer had bought another property. The moral is stay with what you know is right, DON'T BE A SUCKER!
Bob

This income producing property is located in Clearwater,Fl with easy access to beaches, and downtown. The triplex is on an over sized corner lot 102x120. There are two units in the front building each having 2 bedrooms and 1 bath. The rear house has 2 bedrooms and 2 baths. All units are occupied. The property is zoned commercial and can be used as an office location. make an offer and if it is accepted the auction stops.over

Hi All,
I have formed a new group (The Real Estate Auction Block) that is designed to help Realtors understand the real estate auction process. Real Estate Auctions are another tool that Realtors can use to sell a property. If you don't know how it works you're losing out on a valuable tool. I answer questions that will help you understands the process even if you don't use our company. I have been helping Realtors with their questions and real estate sales, for as long as I have been doing auctions. It is not intended to list or sell properties, but rather to start a discussion about real estae auction. I hope you will join me there.
Bob Calistri, Broker
Real Estate Auctions, llc
727-643-5007
bob@realestateauctionsllc.com
www.realestateauctionsllc.com

Here's how our auction process works. All properties sold at auction are sold "as is, where is" with no contingencies and the closing usually occurs within 30 days of the auction.

The first thing is to determine if the property is a good candidate for the auction process(More info at our web ( www.realestateauctionsllc.com). We do this by looking at comparables sales over the past two months and the tax records. The process is used to advise the seller of a reserve price which has the highest probability of selling their property.

Next, we select an auction method. An absolute auction does not set a minimum or reserve amount, allowing the property to be sold at the highest bid no matter the amount. This could be above or below the price owners hoped to receive. A reserve auction sets a minimum the seller wants and allows owners to accept or reject the final bid should it fall below the seller's expectation. These auctions start at a minimum amount, which may or may not be disclosed to the public before the auction day. The reserve auction is the method we usually advise.

In all cases the buyer pays a 10% buyers premium on the sale in a real estate auction. The seller does pay in advance for the advertising which includes major local newspapers, and anything used specify for their property sale. We usually run advertising in local newspapers for 28 days prior to the auction and send fliers out to all who call looking for information. We do all the advertisement placement and scheduling for the local newspapers. The auction property is placed on our web site. We also send out emails to realtors and individuals who have ask to be placed on our mailing list, at no charge.

At the time that you and the seller decide to auction the property, the property is transferred to us for the period of the auction (about 45 days). We list the property as a single agent only for the period of the auction. During the period prior to the auction date we sometimes get buyers who decide to make an offer on the property. The seller can accept or reject the offer and if accepted the buyer pays the buyer's premium.

When the property goes to auction and the auction concludes with a bid offer. The seller has the option to accept or reject the bid offer if a reserve auction was used. If the homeowner accepts the bid, both sides enter a no-contingency contract to close within 30 days.
I hope this helps, call me with any questions.
Sincerely,
Bob Calistri, Broker
Real Estate Auctions, llc
727-643-5007
bob@realestateauctionsllc.com
www.realestateauctionsllc.com

Here's how our auction process works. All properties sold at auction are sold "as is, where is" with no contingencies and the closing usually occurs within 30 days of the auction.

The first thing is to determine if the property is a good candidate for the auction process ( There is more info on our web site as to what makes a good candidate www.realestateauctionsllc.com). We do this by looking at comparables sales over the past two months and the tax records. The process is used to advise the seller of a reserve price which has the highest probability of selling their property.

Next, we select an auction method. An absolute auction does not set a minimum or reserve amount, allowing the property to be sold at the highest bid no matter the amount. This could be above or below the price owners hoped to receive. A reserve auction sets a minimum the seller wants and allows owners to accept or reject the final bid should it fall below the seller's expectation. These auctions start at a minimum amount, which may or may not be disclosed to the public before the auction day. The reserve auction is the method we usually advise.

In all cases the buyer pays a 10% buyers premium on the sale in a real estate auction. If you are the Realtor for the seller, you would get 30% percent of the buyer's premium. For instance, on a $100,000 property auction, the buyer's premium would be $10,000 making the total price the buyer pays $110,000. This means you would receive $3,000 and if a buyer comes with a Realtor, that Realtor also receives 30% percent of the buyer's premium. The seller pays no commission. The seller does pay in advance for the advertising which includes major local newspapers, and anything used specify for their property sale. We usually run advertising in local newspapers for 28 days prior to the auction and send fliers out to all who call looking for information. We do all the advertisement placement and scheduling for the local newspapers. The auction property is placed on our web site. We also send out emails to realtors and individuals who have ask to be placed on our mailing list, at no charge.

At the time that you and the seller decide to auction the property, the property is transferred to us for the period of the auction (about 45 days). We list the property as a single agent only for the period of the auction. During the period prior to the auction date we sometimes get buyers who decide to make an offer on the property. The seller can accept or reject the offer and if accepted the buyer pays the buyer's premium.

When the property goes to auction and the auction concludes with a bid offer. The seller has the option to accept or reject the bid offer if a reserve auction was used. If the homeowner accepts the bid, both sides enter a no-contingency contract to close within 30 days.
I hope this helps, call me with any questions.
Sincerely,
Bob Calistri, Broker
Real Estate Auctions, llc
727-643-5007
bob@realestateauctionsllc.com
www.realestateauctionsllc.com