Lost: Richard's red nose, multi-colored wig, far too large shoes (lol), bicycle horn, and balloon animals.
Reward: $45/per ticket = $100,000 and $500/per ticket = $36,000 for a grand total of $136,000
Anyone wonder where he got the idea for the video submissions in the first place??? I guarantee that no one at Trademark Properties was responsible for that idea.
Thanks Richard!!! I think you are at least smart enough to have someone reading these posts. Too bad you can't come up with your own ideas.
You know it is funny you say this. I always found it quite interesting that when I made comments about the liquidationsensation website that the next day things were fixed.
It's over Johnny..... I had high hopes that Trademark could save us all from the downturn in the market. Sounds like they ran into the same problems all of us in the business are having... lots of willing sellers, no buyers. Where is jenraleeamiable to blow a little sunshine up our rears when we really need it? A few comforting words about how this all fits into Richard's master plan, perhaps? Kind of a downer. Last glimmer of hope for the hideously mutated partnership has fizzeled. Gotta wonder if they had stuck with the original plan and just rolled out some version of a franchise, where would they be now. Where would we all be now? There is still property selling out there. With a (untarnished) brand name behind a local office and a hour long weekly commercial. That local office could be the one making those deals happen. I don't care about the auctions. Don't really care about the flipping or the investors and their hedgefunds. Don't care about propritary software to identify potential opportunities. Why not do what real estate pros really do.... sell houses. Could have worked. Could have been big. Guess it still could... with the right people driving thee project. Although.... I think... somewhere a fat lady is singing.
So now I'm the singing Fat Lady? in this tragic little "dope opera"?? Well, at least someone in the group of curmudgeons decided to interject a marginally entertaining comment into the thread. Good one Guru! It was a nice break from the hand wringing and sniveling.
But you know the one thing missing from all this insightful ...ahem.... analysis of the auction results is any 'real world', personal experience. Isn't it interesting (sad really) that the negative Nancy's here are relying on a single newspaper article to make their final judgment? After all, there is no sense in digging any deeper into the facts. I mean if you already have your opinion and the media have confirmed it for you, I guess there really is no point in searching for the whole truth- right??
But if you can suspend your disbelief a little while, wouldn't it be smart to look at what's going on in the industry and compare apples to apples? The liquidation events are part of a growing trend. The popularity and success of these events will only grow as time passes.
I said it before and I'll say it again: I'm sure this is not the first time people have under estimated Richard (and his team). Before you write off Trademark, you might want to do a little due diligence in your own backyard. You may yet discover who's following the trend and who is leading the way.
I agree, there are going to be auctions, but look carefully at the links you sent. All of them are free! That was my beef with the whole deal, who in their right mind charges 500bux to see the goods??
The real estate auction market rose 5.3 percent in 2007, generating $58.4 billion in revenues. That's up 39 percent from 2003, according to the National Auctioneers Association.
"Auctions offer clients an opportunity that differs from conventional transactions," said Realtor(R) Lynn Gardner, 2008 chair of the NAR Auction Forum. "There are many benefits to home auctions - an auction creates urgency, which helps draw attention to the property, market value is determined quickly, homes typically sell faster and close within 30 days, and there are no contingencies or holding costs."
Listing agents who are interested in introducing the auction method to their clients should first identify an auctioneer or auction company and develop a relationship. "The listing agent, auction specialist and client can all work together, to everyone's benefit to get the home sold as quickly as possible, and for the best price," said Gardner.
I am willing to give Davis and TMP the benifit of the doubt with the whole Liquidation Sensation auction. They are doing what we all are trying to do at this time and that is to figure out a way to survive until the market turns. Also keep in mind that if any of us had clients willing to put down $500.00 a head to possibly get a "deal" and we could make a little money after expenses....we would do it! In my opinion it should have probably been all sold absolute instead of the majority being reserve auctions. Invstors pay attention....the market is in the toilet. If you bought in the last 3-4 years in a "hot" or even luke warm area, your property is probably worth less than you paid or at least not worth what you would like to get out of it. This is a temporary situation. If you can not get today what you want for your property and are not willing to sell it at an absolute auction then please do us all a favor....TAKE IT OFF THE MARKET FOR A WHILE. If all of us in the industry would remove from inventory those over priced homes that we all know will never sale and educate the sellers that they maybe should wait a year to sell, then some of the inventory problems would alleviated and the market could begin to correct. God knows there is enough new construction out there to float the market for 12-18 months and with builders going under left and right they are able to cut prices below what most existing homes of lesser quality are listed for.
Last but not least: for those of you that bought into the "partnership" deal and spent all that money traveling to Charleston to sit in the hot sun waiting in line for a program that started hours late.....remember Richard's promise: "if I do not have a Trademark Properties in each of the 50 states in a years time, then send me your badge back and I will refund your $45.00 admission price". I do not think that bar is going to be met and after the $1,430.00 I spent to go, I might be doing just that! Or I might just right it off that was money well spent because I came home motivated and inspired by someone who is a pioneer in the business.
