Recently Sold properties: Progressive Auction Exchange, LLC

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Progressive Auction Exchange, LLC
Michigan Foreclosure Redemption seller moves with dignity & $10,000 cash

Michigan Foreclosure Redemption seller moves with dignity & $10,000 cash

This Michigan property was actually foreclosed on and seller hired us to salvage some equity before being evicted at the end of their redemption period.

Foreclosure redemption auction gave this seller $10,000.00 to move with dignity.
Ocean Pines Waterfront $588,500 CASH in Down Market

Ocean Pines Waterfront $588,500 CASH in Down Market

This auction created excitement around the sale of a bayview canalfront home in Ocean Pines Maryland. 277 inquiries, 37 preview parties, 7 registered bidders each with $25,000 deposit to deliver $588,500 CASH
New Townhouse Baltimore MD $331,500.00

New Townhouse Baltimore MD $331,500.00

New Townhouse Baltimore, Maryland.

Fantastic floor plan new unit in dead marketplace. Auction delivered 7-groups of registered bidders each with cash in hand ready for 30-day all cash closing
Eastern Shore Waterfront $395,000.00

Eastern Shore Waterfront $395,000.00

Brand new custom home with a 2005 value of $750,000.00 in private community.

Auction marketing delivers over 200 inquiries, 30 previews, 5 registered bidders and $395,000.00 cash market value for 30-day closing contract.
Abandonded home sold for UK investor Internet auction $3,001.01

Abandonded home sold for UK investor Internet auction $3,001.01

This property after inspection turned out to be a liability for the owner who thought they purchased a nice home sight unseen on eBay for $7,500. Internet auction delivered a $3,001.01 cash buyer who lives 2-hours away and is in the business of repairing and renting low end homes. Even with a loss everyone wins seller has no liability, buyer has duplex producing $350 to $400 per unit.
New Hampshire Yankee Garrison $277,500.00 Cash in Dead Market

New Hampshire Yankee Garrison $277,500.00 Cash in Dead Market

Home had been on the market 2 + years 2 showings zero offers; market activity only 3 transactions in the zip code year to date. 47-day intensive marketing program delivers all cash buyer ready to close in 30-days as-is with no contingencies.
NEW HOME PRE-FORECLOSURE $350,000 Short Sale

NEW HOME PRE-FORECLOSURE $350,000 Short Sale

Snow Hill Maryland: BRAND NEW 5 bedroom 4 bath 3,600 Sq Ft home on 1.1 Acre lot in private community with no HOA or fees. Appraised value June 2006 $535,000.00 Fremont loans $485,000.00 July 2006 owner loses job August 2006 makes one $3,900 payment and moves out of state. Short sale auction contracted with massive marketing blitz including: TV, newspapers, internet, agent coop, signs delivering hundreds of inquiries, bidders from 4 States and $350,000.00 cash money against a new BPO value of $347,000.00 February 2007 Eastern Shore MD market officially in the toilet.
10 Acre Farm Property $192,500 47-Days

10 Acre Farm Property $192,500 47-Days

Auction delivers present cash market value for this Eastern Shore of Virginia colonial era farm and falling down house.
New Construction $250,000 CASH MONEY

New Construction $250,000 CASH MONEY

1-year old 3,000 Sq Ft new construction on 1-acre lot outside Berlin Maryland. 2002 - 2005 saw 400% increase in values with greed ruling values. Reality check on a 4 bedroom 3 bath 1-year old home as auction delivers cash before foreclosure. Its too bad the seller paid $406,000.00 just 11-months before the auction... UPDATE Home in REO Inventory of lender.
Captains Cove Greenbackville VA Canalfront $154,000

Captains Cove Greenbackville VA Canalfront $154,000

Captains Cove Golf & Yacht Club well known for being the best kept secret on the Eastern Shore with 4,000 homesites that spiked in value during the bubble. Auction delivers $154,000.00 for canalfront lot that you could not give away for $25,000 just a few short years ago.
Pig Farm on 10-acres brings $132,000 Quick Cash

Pig Farm on 10-acres brings $132,000 Quick Cash

The seller was a widow who needed cash 47-day marketing program delivers more than projected or expected. Quick closing in 21-days after the auction everyone wins.
Niagara Falls Rental Property $21,900 at Internet auction

Niagara Falls Rental Property $21,900 at Internet auction

The couple was tired of being landlords for the past ten years and wanted out. Reserve was set at $9,000 due to sluggish market property delivers 100% more than expected at auction
Underground

Underground 'Dome' home delivers $321,000 cash

This is like a geodesic dome underground nice home on a 1.6 acre lot in private waterfront community. Auction markting delivers 5 registred bidders and $321,000 cash money.
Waterfront home on 2-lots $330,000 no previews

Waterfront home on 2-lots $330,000 no previews

This one about takes the cake where the sellers wife would not let anyone in to preview the property because it was a mess. Buyer was willing to pay $100,000 more if he could have inspected the property.
Mobile home on 1-acre wooded lot $94,000 after realtor loses deposit

Mobile home on 1-acre wooded lot $94,000 after realtor loses deposit

Sellers had accepted contract from realtor contingent upon them getting new foundation. All contingencies were filled buyer did not qualify and deal bombed out three days before closing. Seller asked for deposit and sub agent had never deposited buyers check which subsequently bounced. We hear stories like this all the time why sell on an "if" and be out thousands of dollars when you can get all cash in 30 to 45 days in as-is condition!
AUCTION MARKETING WORKS & CALLS PEOPLE TO ACTION

AUCTION MARKETING WORKS & CALLS PEOPLE TO ACTION

Take the U out of AUCTION and you have action which is what auction marketing creates. 40% of our bidders come from the Internet yet 40% come from the signs and 20% from everything else.
Greedy seller refuses auction cash loses BIG TIME

Greedy seller refuses auction cash loses BIG TIME

This property was offered at auction in May 2006 for a seller who paid $160,000. Auction delivered $485,000.00 cash but the seller was greedy and demanded $600,000.00 . The condo association was about to assess $40,000 for new roof and updates but $325,000.00 PROFIT was not enough... Fast forward to August 2007 Sold for $431,000.00 minus $25,860 commission, $40,000 'special assessment' plus $42,880 in payments over the 17-months you can subtract. $108,740.00 for a net

$485,000.00 Auction day cash no seller commissions REFUSED March 2006.
$431,000.00 Realtor sale August 2007
$108,740.00 Commission & holding costs (lost money gone out the window)
$322,260.00 NET TO GREEDY SELLER WHO REFUSED $485,000.00 NET AND WANTED MORE!
Brooklyn Michigan values plummet 50% auctioneer delivers cash

Brooklyn Michigan values plummet 50% auctioneer delivers cash

3,852 Sq Ft home on 2-acres Irish Hills of Michigan valued at $350,000 2005 goes on the auction block for $126,500. The sellers think they are going to be the first of our customer who refused auction cash that will sell for more. If you own property in Michigan and want to sell get ready for a reality check! Auctioneers deliver cash for a living we are not magicians.
INTERNET AUCTION MOUNTAINTOP MICROWAVE TOWER $33k

INTERNET AUCTION MOUNTAINTOP MICROWAVE TOWER $33k

This investor had purchased a cold war era mountain top microwave tower on eBay for $20,000 on a whim. He never went to the site and could not find an agent to sell it and had purchased another property from us at auction. We made signs, drove to the remote location took pictures, prepared a DIGIBIP, posted directional signs and a large one at the site resulting in auction price of $33,000 and a happy seller. The buyer who lives 40 minutes away is happy and has big plans for the property
$500 Tax sale lot sells for $14,000 at Auction

$500 Tax sale lot sells for $14,000 at Auction

This seller had 5 lots purchased at tax sale in the 1980s with about $500 each total investment. Tickled pink describes the buyer of a 1.6 acre lot for $14,000 estatic is the seller!
Internet Auction 5 unit Apartment house Pecos Texas

Internet Auction 5 unit Apartment house Pecos Texas

Internet auction delivers quick cash hassle free closing for this seller.
The Housing Bubble Has Burst Time to Cash Out NOW

The Housing Bubble Has Burst Time to Cash Out NOW

The National Association of Realtors and the National Auctioneers Association (NAA) project that 1 out of 6 properties will be sold at auction in the next five years. There are only 281 people who are Accredited Auctioneers of Real Estate trained and certified by the NAA as specialists to sell real estate at auction using state-of-the-art techniques and methods.

Fact: Over 1 million properties were sold at auction in 2006. There are only 321 people certified as Accredited Auctioneers of Real Estate (A.A.R.E.)in the USA. 98% of realtors have never experienced a slow market let alone learned specialized auction techniques that take years to master; do you want an amateur new to the field or professional to deliver you cash?
2005 Auctions deliver hundreds of thousands over projected values

2005 Auctions deliver hundreds of thousands over projected values

Auctions are the best way to sell no matter what condition the market is in. When property values were going through the roof auctioneers delivered thousands to hundreds of thousands MORE than projected selling or reserve prices.

This example is where a realtor suggested listing a unique property that had never been on the market (in 160-years) for $315,000.00 our auction delivered $577,500.00 and changed this families life for the better.
ABSOLUTE AUCTION Oakland NE farmhouse & 5 Acres $55,000

ABSOLUTE AUCTION Oakland NE farmhouse & 5 Acres $55,000

The California seller had co-signed with his daughter for a loan on this farmhouse three years ago. Long story short she broke up moved and the house was on the market for two years with no offers or lookers. Auction marketing with affiliate Nebraska broker delivers 8-registred bidders all with the $5,000 bid deposit. Winning bidder closes 37-days after the auction everyone wins!


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