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AUCTION SALE PROPOSAL 1695 Coral Tree Place San Jose, CA 95131 PREPARED FOR: Tran Nghi Khon Thi PREPARED BY: Don Wapenski DATE: OCT/2014

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AUCTION SALEPROPOSAL

1695 Coral Tree Place San Jose, CA 95131PREPARED FOR: Tran Nghi Khon ThiPREPARED BY: Don WapenskiDATE: OCT/2014

AUCTION SALEPROPOSAL4BR/3BTH Single Family HomeSan Jose, Cal ifornia

PREPARED FOR: Tran Nghi Khon ThiPREPARED BY: Don WapenskiDATE: OCT/2014

3 RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

1695 Coral Tree Place, San Jose, 95131

TRAN NGHI KHON THI 00 / OCT / 2014

Dear Tran Nghi Khon Thi,

Auction marketing provides very distinct and attractive advantages over a traditional real estate sales listing. With an auction, you choose the date that your home will sell and you immediately create a seller’s marketplace. This enhances the price at which your home will sell thanks to competition among bidders, which is a key com-ponent of an auction sale.

An auction is highly advantageous even in a hot real estate market because it eliminates blind offers and guess-ing by potential buyers about how much to offer. With direct, open bidding, buyers are able to see all other offers and make their bid accordingly. As a seller, there’s no more wondering about whether you left any money on the table, like with the traditional sales process in which the buyers are playing a guessing game with their offers.

Not only can you take advantage of a higher price that an auction typically generates, but you’ll benefit from the speed of the sales process, too. The marketing of your home is direct and accelerated, the date of the sale is known, only qualified bidders are allowed to make offers, and closing is scheduled rapidly, typically within 30 days and often sooner.

Should you choose our online bidding option, you’ll also gain the benefit of attention and potential bids from buyers far beyond your immediate locale. Across town, around the country and even on the other side of the world, buyers located virtually anywhere can see your home for sale and make a bid!

This marketing proposal will give you details about the steps we will take and the plan we will implement for the auction sale of your (type of property). I look forward to working with you through your intended sale. I know you’ll be pleased with all that an auction sale has to offer and, more importantly, the results.

Sincerely,

Don WapenskiProject Manager, Listing Broker

4RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

TABLE OF CONTENTS

PAGE TITLE PAGE

ABOUT US

TEAM MEMBERS

AUCTION STYLES

RECOMENDATIONS TO SELLERS

PROPERTY EVALUATION

MARKETING PLAN

MARKETING EXPENSES

SELLER’S RESPONSIBLITIES

AUCTIONEER’S RESPONSIBLITIES AND FEES

RESUME AND CREDENTIALS

SUPPORT MATERIALS

SUMMARY

5

6

7

8

9

10

11

12

13

14

15

16

5 RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

ABOUT US RealEstateAuctions.com is emerging as a leader in U.S. real estate auction sales. The company brings people together in the fastest, most transparent and mutually beneficial way to buy and sell real estate: the auction.

In person and online, buyers and sellers everywhere are able to take advantage of the growing popular-ity of auctions. A heavy presence in electronic marketing and social media, in addition to traditional media, means that properties listed with RealEstateAuctions.com have high-level exposure and gener-ate interest like no others.

RealEstateAuctions.com maintains control of all aspects of the auction process, from listing through closing. We have business development executives and project management staff around the country to provide the very best real estate auction services.

RealEstateAuctions.com helps sellers by:

< Obtaining the best price for their real estate < Accelerating the marketing, sales and closing process < Procuring qualified, ready buyers < Promoting their property via our national website < Opening up bidding to buyers anywhere via our online bidding functionality (optional) < Handling inspections via one or more scheduled open houses < Readily working with outside brokers and their qualified clients for even more exposure

RealEstateAuctions.com is licensed in multiple states across the country, with expansion to all 50 states currently under way. The company anticipates opening new, international markets in 2015, including Canada, Singapore, Hong Kong, Brazil and the United Kingdom.

Choose RealEstateAuctions.com to sell your residential, commercial, retail, industrial, investment, multi-family, land and specialty real estate.

WHO WE ARE

6RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

Team members assisting in your auctionTEAM MEMBERS

Founder and CEOBrian has been a real estate broker for 30 years. Originally based in Chicago, Brian and his company developed almost 4,000 individual condominium units there before he chose to focus on auctions as the preferred method of real estate sales because of all the distinct ad-vantages. Brian currently leads RealEstateAuctions.com from Silicon Valley, California where the company is headquartered.

Brian Kuzdas

Project Manager and Listing Broker

Don Wapenski has been in real estate in Silicon Valley for 13 years. He has represented buyers and sellers from Hollister north to Cuper-tino/Sunnyvale and east to Fremont. In the project manager role for RealEstateAuctions.com, Don works with sellers to present the home at its very best by qualifying buyers, answering their questions, hold-ing open houses and reporting the results to the seller on a timely basis.

Don Wapenski

Project MangerHelping her father fix up HUD houses as a child, Rose is no stranger to real estate. Owner and landlord of several properties, 10 years in the real estate business in Northern and Southern California, Rose works with people from all walks of life. Her skills from a teaching and administrative background enable her to efficiently close the escrow process, even in times where it did not seem possible. She believes auctions hold an extremely important role as a tool to sell property in a transparent manner. She works directly with Brian Kuzdas the CEO of RealEstateAuctions.com in the Silicon Valley.

Rose Sonrise

7 RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

AUCTION STYLES There are three highly effective and most popular styles of auctioning a property

ABSOLUTE

Absolute Auction means highest bid wins, regardless of price. The typical result? More money for the seller because of the competitive nature of bidding. Competition typically heats up most intensely at Ab-solute Auctions because bidders know that by outbidding a rival across the room or online, the property can be theirs. But of course, other bidders have the same strategy and desire. Absolute Auctions typically get the most bidding.

MINIMUM BID

Minimum Bid Auctions begin at a minimum price established by the seller. These auctions offer a certain level of safety to the seller but are typically not as attractive to buyers as an Absolute Auction. A key strategy for a Minimum Bid Auction is for the seller to set the minimum low enough to attract the interest of buyers. Setting the minimum bid too high will discourage initial bidding.

RESERVEReserve Auctions allow the seller to accept, reject or counter the winning bid for any reason. This gives sellers protection so their properties will not be sold below what they consider acceptable, although sell-ers should be aware that Reserve Auctions typically generate the least amount of interest among buyers because buyers know their winning bid can ultimately be rejected.

AUCTION TYPES Live, In-Person Event When most people think of “auction,” this is it. This type of event features a live auctioneer in an open-outcry setting. Qualified bidders raise their numbered cards or paddles when they wish to bid at the announced price, which is then publically acknowledged by the auctioneer. A live auction is typically held at a hotel ballroom or conference center setting for multi-property listings, or on-site at the subject property for a single listing.

Online-Only Event Perfect for a listing or listings in which a live, in-person event isn’t practical. Online bidding time is set for a narrow time frame or a broader time frame depending upon the marketing strategy preferred by the seller, in consultation with a RealEstateAuctions.com specialist. Bidding is done by qualified buy-ers online, in real time, through the RealEstateAuctions.com Online Bidding Platform integrated with the website.

Live / Online Hybrid Event A great combination that melds today’s technology with tradition to throw open the doors for bidding from virtually anywhere. Bidders in the room, across town or around the world can purchase real estate while sellers can have their properties exposed to buyers far beyond local markets.

Be sure to speak with a representative from RealEstateAuctions.com to discuss specifics about your property and to determine which type of event will best suit the sale.

There are three primary ways to sell and bid on a property at auction:

8 RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

RECOMENDATIONS TO SELLERS

We are proposing a ballroom auction at (location name and address) with simultaneous and pre-event online bidding. This type of format provides a comfortable and enhancing environment for all of our varied types of buyers in a live setting, and also allows buyers unable to attend the event the opportunity to place bids.

We are recommending that the property be sold at absolute auction with no minimums and no reserves. This communicates to the buyers that the highest and final bidder in all situations will indeed be the new owners of the property. This method of marketing will return the highest amount of funds for the seller because buyers are fully aware that it will sell to the highest bidder.

The procedure we use for our multi-property auctions is the open-outcry method of bidding, led by the bid caller (auctioneer). The bid caller will introduce each property for sale, announce the basic terms of the sale, and begin bidding. An online bid manager sup-plied by RealEstateAuctions.com will monitor any online bids arriving and relay them to the bid caller for inclusion in open-outcry bidding.

At the close of the auction, the successful bidder must go to the closing table to sign the buy/sell agreements and to place the I0% non-refundable deposit on the final purchase price on their properties. The closings will take place at (location) within 30 days. Final settlement is at the closings.

Title insurance, warranty deed and property surveys will be provided by the sellers.

All properties are sold as-is with no warranties or guarantees of any type or nature. Buyers must rely on their own inspections of the properties. Deposits are NON-REFUNDABLE.

RECOMENDATION FOR YOUR AUCTION

9

1612 NOBU DRIVE, SAN JOSE 95131 CLASS: SFH

BEDS: 4 LOT: 4,000sqft

BATH: 3 LIST$: $978,000

SQFT: 2,461 SALE$: PENDING

1823 MCCLUHAN WAY, SAN JOSE 95132 CLASS: SFH

BEDS: 4 LOT: 6,098sqft

BATH: 3 LIST$: $878,000

SQFT: 2,467 SALE$: PENDING

1795 VIA CINCO DE MAYO, SAN JOSE 95132 CLASS: SFH

BEDS: 5 LOT: 6,090sqft

BATH: 3 LIST$: $749,000

SQFT: 2,359 SALE$: $850,000

2310 SHADE TREE LANE, SAN JOSE 95131 CLASS: SFH

BEDS: 4 LOT: 6,270sqft

BATH: 3 LIST$: $795,000

SQFT: 2,360 SALE$: $845,000

RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

Comparible Marketing Analysis : SINGLE FAMILY HOMES IN 95131

PROPERTY EVALUATION (CMA)

10 RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

MARKETING PREPARATION

• Acceptance of this Auction Proposal With a Signed AuctionListing Agreement

• In-depth examination of the subject property• Measurements and photographs• Compiling all documents needed for proper representation• Obtaining any missing documents from outside, third-party sources• Surveying local community• Securing auction location• Hiring bid caller• Create Comprehensive Bidders Information Packet (BIP)

2 Weeks

MARKETING CAMPAIGN

• Create dedicated page on RealEstateAuctions.com• Produce color flyer and/or brochure• Place ads in one or more local and/or regional newspapers• Create listing on the MLS• Prepare a news release to be sent out twice• Prepare and send out targeting mailer (flyer, brochure or postcard)• Set schedule for open houses• Place ads on local websites (Craigslist, etc.)• Present listing information at local meet-up groups• Contact local agents o invite them to participate

3 Weeks

AUCTION WEEK

• Call all buyer leads from the marketing campaign (open houses-all leads)• Funnel down list to all the serious potential bidders• Go through all last minute questions• Private inspections for potential bidders (Weds/Thurs/Fri)• Explain Terms and Conditions• Cashiers check made out in their name• Registration Time/Time of Auction• Bidding Process• Contract signing if they win• Buyer Seminar Three Days Prior to Auction• Call day before auction all buyers confirming that they will be at the

auction

1 Week Before Auction Date

Speed, efficiency and results are the hallmarks of the real estate auction method. A six-week timeframe is ideal for preparation, marketing and the actual event. “Sold!” is the goal and the following game plan is designed to help ensure the best outcome.

MARKETING PLAN

11

Potential Marketing Budget ($10,000)

Bid Caller $500.00

Newspaper ads $1000.00

Signs $500.00

Neighborhood Postcards, Door Hangers $500.00

Real Estate Broker Emails $1000.00

PR Newswire $500.00

Developer Email $1000.00

Social Media $1000.00

Email Blast $1000.00

Misc. $1000.00

Marketing Report:A report will be provided once per week to the seller with details of how the marketing dollars are used.

RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

An estimated budget needed for marketingMARKETING EXPENSES

12RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

SELLER’S RESPONSIBLITIES

GENERAL CHECKLIST

Provide a clear and clean title to close

Copy of the current survey

Copy of tax bills

Make any necessary maintenance or upgrades to the property

HOA Documents and Budgets (if applicable)

Condo Association By-Laws (if applicable)

Disclosing as much about the property as possible to buyers before they make an offer, reduces resistance to a higher price, because they are buying with confidence that they know exactly what they are buying. Reducing the unknowns about the property in the buyers’ eyes increases sales price.

For that reason, the following inspections are recommended for 1625 Coral Tree in San Jose:

RECOMENDATIONS COST

General Home Inspection $450

Termite Inspection $250

Roof Inspection $175

Pool Inspection $350

Chimney Inspection $150

Natural Hazard Disclosures $139

Preliminary Title Policy $0

Seller Disclosures $0

Other Recommendations for preparing the home for sale :

1. Remove/repair wrought iron gate2. Power wash the exterior3. Wood chips along property line in the front4. Minimal staging/cleaning5. Small repairs – sliding glass door to backyard, etc.

13RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

AUCTIONEER’S RESPONSIBLITIES

OUR PLEDGE TO YOU

Ensure descriptions in promotional material accurately reflects information provided by the seller

Prepare, print and distribute all necessary promotional material and make personal contacts to promote interest from prospective qualified purchasers.

Place the listing on the RealEstateAuctions.com website, as well as other real estate-related websites to be determined.

Select an appropriate auction site

Work with outside brokers to provide details about the subject property and outside brokers who identify a qualified client of theirs who is interested in bidding

Provide signs for each property

Advertise the auction through newspaper ads and/or direct mail effort and/or other outreach, to be determined

Conduct one or more “open houses” for the purpose of allowing prospective bidders the chance to inspect the property

Handle post-auction questions

Coordinate closing of the sale

FEES OF SERVICE

The commission fees for this auction will be _____ percent of the last and final bid on the property(s).

A Buyers Premium of ____ percent will be charged to the winning bidder. The Buyers Premium is typically a percentage that is added to the winning bid, or hammer price, in order to make a final selling price. The Buyers Premium is collected from the buyer and is retained by the Auction Company.

As an incentive to area real estate professionals we pay up to ____ percent commission to any Realtor® or broker whose customer or prospect buys and closes on the property. We do, however, require that these customers or prospects be registered with us in writing 48 hours prior to the auction and the Realtor® or broker attend the auction and represent the buyer.

Auctioneer agrees to promote and conduct sale in its usual way, including (but not limited to) the following:

FEES

14RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

RESUME AND CREDENTIALSCOMPANY CREDENTIALS

RealEstateAuctions.com offers a proven team of dozens of Business Development Executives and auction-focused, licensed real estate agents nationwide who are high-achieving asset liquidators. In addition we currently have on staff a half-dozen licensed auctioneers throughout the country. Our company executives have had a combined, conservative sales record of:

• 100,000+ units/parcels of privately-owned lender-owned and government-owned (HUD,FDIC, other) real estate

• $3.265 billion in closed sales volume in at least 27 states and Washington, D.C.

Additional credentials of our staff are:

Several of our auctioneers have earned the CAl (Certified Auctioneers Institute) and AARE (Accredited Auctioneer of Real Estate), which are the highest professional designations recognized by the National Auctioneers Association.

Our auctioneers, Business Development Executives and real estate agents are members of their respective local, state and/or national boards and professional governing bodies, and regularly attend meetings, seminars, conferences and industry-mandated continuing education to improve and update our skills.

Don was born In Cleveland, Ohio and obtained a Masters Degree in Electrical Engineering and Applied Physics. Moving to Silicon Valley in 1983, Don started independent consulting in Silicon Valley in 1990. Don honed his sales skills throughout the 1990s in engineering. However, by the year 2000, he realized that the sales portion of his consulting career was the most rewarding. Don continuously trained in sales for seven years prior to getting his real estate license in September of 2001. Don has found that his passion is helping individuals and families through the process of buying or selling what is usually their most valuable asset.

AGENT RESUME

15 RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

SUPPORT MATERIALS

Modern MinimalismE x p e r i e n c e t r u e l u x u r y i n t h i s t o - d i e - f o r p r o p e r t y

Exceptional Property Custom country castle! Seclusion & privacy in this gorgeous 3300+ sq ft home, on 3/4 acre lot. Huge 3br, 3 ba on 3 levels, with study as an easy 4th br & loft as a possible 5th if desired. Massive 900+ sq ft bonus room, not included in sq ft. Extra storage

rooms, laundry, plus huge workshop & storage room off garage. High ceilings, wide open floor-plan. Luxury throughout! Entertainer’s dream!

BED ROOMSFLOORSLIVING SQ FTPROPERTY SQ FTBUILD YEAR

42

154458

1998

PESCADERO · CALIFORNIA

$ 1,195,000STARTING BID:

CONCRETEFIREPLACE

LARGEPOOL AREA

RARE TYPEON THE MARKET

PROPERTY NO.475-214-54RARE ARCHITECTURE

Ç

REALESTATEAUCTIONS.COM · 1765 SCOTT BLVD. ·SANTA CLARA, 95050 · PHONE (650) 584-3741 · [email protected]

Brian KuzdasFounder, CEO

(650) 584-3741

Don WapenskiListing Broker

(408) 210-7582

Rose SonriseBroker Assistant(650) 584-3741

Jennie SeamenBroker Assistant(650) 584-3741

THE BEST PLACE TO BUY AND SELL

Here is just a small presentation of the marketing done by RealEstateAuctions.com to promote large auction events and individual properties. Marketing outreach is based upon the size of the event and marketing dollars available.

PROMOTIONAL FLYER

16 RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

SEARCH. DISCOVER. BID!

Seemless buying processQuick closingOnline Bidding CapabilityNationwide Selection!

2225 E. Bayshore Rd. Suite 100 Palo Alto, CA 94303T: 650.320.1733

CON TACT

Lisa [email protected]

Your complete site for buying and selling real estate

(650) 320-1733 www.RealEstateAuctions.com

SUPPORT MATERIALS

LUXURY HOME - 4BD 2BA Kent County Property List ing!

$1,700,000

RESERVE BID

5456 PINE NEEDLES COURT:

Lisa Englehart(650) 320 1733

[email protected]

Starting at:

PROMOTIONAL POSTCARDS

17 RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

SUPPORT MATERIALS

Upcoming Local Auction Events

• Multi-Property Wayne County (Metro Detroit) Auction July 10, 2014

• Detroit – Multi Property Auction July 30, 2014

Location: Doubletree by Hilton Hotel Detroit/Dearborn | 5801 Southfield Expressway | Detroit, MI 48228

Location: TBA

Pre-Registration: TBA Auction: TBA

Pre-registration: TBA Auction: 6:00 p.m.

David H. Brooks IIIRegional Director & State Broker

(248) 499-0620

[email protected]/in/davidbrooksiii

43443 Grand River Ste: 230 Novi, MI 48375 (248) 499-0620 www.RealEstateAuctions.com

Detroit Michigan | JULY 2014

Michigan’s Real Estate MarketContinues to Improve

MEDIAN HOME PRICES ON THE WAY UP, TOO!

Tips for Home Buyers at Auction

this issueTips for Home Buyers P.1

Current Auction Properties P.2

Auction 101 P.3

Upcoming Auction Events P.4

Detroit MichiganJULY

2014

More details about these eventsand others are available on our

website!

All indicators point to the Mitten State’s real estate recovery. Existing-home sales increased for the �rst time this year in April, while inventory meaningfully increased and home price growth moderated, according to the National Association of Realtors®.

Monthly sales gains in the West and South o�set a modest decline in the Midwest while the Northeast was unchanged. Total existing-home sales, which are completed transac-tions that include single-family homes, townhomes, condo-miniums and co-ops, rose 1.3 percent to a seasonally adjust-ed annual rate of 4.65 million in April from 4.59 million in March, but are 6.8 percent below the 4.99 million-unit level in April 2013.

The median home value in Michigan is $117,300. Michigan home values have gone up 8.1 percent over the past year and Zillow predicts they will rise 2.6 percent within the next year. The median list price per square foot in Michigan is $92. The median price of homes currently listed in Michigan is $129,900 while the median price of homes that sold is $131,400. The median rent price in Michigan is $850 per month.

If you’ve been house shopping lately, you may have heard or read about the excitement of bidding on homes at various real estate auction sites. Virtually or physically attending an auction is similar to the skills eBay aficionados display. There is a time and a place for everything, including the proper time to bid, raise your offer, and back away. The following hints and tips for home buyers at auctions make diving into the housing auction purchasing pool a smoother experience.

Learn about yourself

Don’t assume you have great credit because you pay bills on time. Check your credit reports and history to find out how you really stand. If you’re half of a married couple, a credit review should be done for each party.

The online mortgage calculator is a free tool that provides you the opportunity to see what you can afford to buy. Get an honest assessment by putting in actual numbers. The calculator:• provides a close estimate of the monthly house payment.• reflects the amount of your monthly intake and expenses.• provides a place to put projected utility costs.

If the mortgage payment, utilities, home insurance, HOA fees and taxes are less than 30 percent of your income, it is likely you can afford the home.Finally, ask yourself if you are prepared to be a homeowner. What will happen if the plumbing needs repair or the HVAC system must be replaced? Those are problems that must be handled by the homeowner to keep the home livable.

Learn about the market

Get prequalified for a home loan by a credit union, mortgage banker or bank.

Look at the list of homes for sale and pick out one or two homes that seem appealing. Research the selling prices of similar homes in the area. You can check online real estate sites and listings by professional associations. Ask real estate agents in the area about the housing market. Read blogs by the National Association of Realtors® for a professional view of trends, such as the rising or falling of prices and home values for a certain area.

U.S. sellers place property with real estate auction houses because it opens the market to the world as well as residents from state to state. If you are a serious contender for a certain piece of property, find out if there is a date and time scheduled to physically view the property prior to the auction. A beautiful home in a photograph may lose its appeal when viewed in person. Set an appointment to walk through the house. You will get an idea how much extra money is needed to repair and/or restore the house.

About the Auction Process

Requirements for U.S. buyers bidding on properties within the states may vary by auction house. Typical requirements include pre-registration and being at least 21 years old, as well as:• possession of bank statements for cash purchases.• proof of lender pre-approval during the previous 30 days, if financing.• possession of valid government-issued identification.• having a cashier’s check in the proper amount for properties you are bidding on.• acceptance to all terms and conditions of the auction house.

Use the same tips for home buyers whether you are traveling from site to site or bidding online. Don’t join the competition just to see how high the price will go. You may be the last one to bid and end up with a white elephant.

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outside_Brooks_detroit.pdf 1 6/26/14 10:12 AM

EYE ON ITLocal Spotlight

Detroit

If you are looking for a home in

Detroit, MI. Detroit is the

biggest city in the state of

Michigan with a population of

about 706,000 people. The

Detroit metropolitan area is a

region with 5.2 million

inhabitants. Approximately 20

percent of the city population

works in the city center. The

city of Detroit is taking

measures to improve the living

conditions through business tax

incentives, entertainment,

residential high-rises and a

wireless Internet zone for the

companies downtown. Detroit

has a homeownership rate of

52.6 percent compared to the

national average of 64.7

percent.

Reasons to Love Detroit, Michigan

We’re a city on the comeback.

Metro Detroit has beautiful

parks, museums and structures

that date back to the 1800s.

We’ve got classic cultural

attractions and a few

exclusives: the Henry Ford,

America’s greatest history

attraction and the Motown

Historical Museum. New

restaurants, retail are

everywhere and three casinos

are open 24/7. Come and feel

Detroit’s energy. And make new

friends.

Auctions 101: Your Easy Guide

Auction: A public sale in which real

property is sold to the highest bidder

through open and competitive bidding.

Absolute auction: Highest bid wins,

regardless of price. Can often exceed

the price of a traditional, negotiated

sale.

Auctioneer, or Bid Caller: The person

who directs, conducts or is responsible

for a sale by auction.

As-Is: Selling the property without

warranties as to the condition or fitness

of the property for certain uses.

Ballroom Auction: Features multiple

auction properties, typically held in a

hotel ballroom or conference center.

Bid: A prospective buyer’s indication of

an offer of a price he or she is willing to

pay.

.

Bidder Information Package: The

assemblage of documents pertaining

to a particular listing that can be

reviewed by prospective bidders.

B r o k e r P a r t i c i p a t i o n : A n

arrangement for third-party brokers

to register potential bidders for

properties and receive a stated

commission if the client purchases

the property.

Buyers Premium: A fee, paid by the

winning bidder, added to the high bid

that results in the total contract price.

Due Diligence: The process of

gaining all pertinent knowledge

about the subject property.

Minimum Bid Auction: Auctioneer

will accept bids at or above a

disclosed price.

Multi-Property Auction: An event

of more than one property.

On-site Auction: Held at the

subject property.

Open House, or Preview: The

opportunity for prospective bidder

to visit and inspect the subject

property.

Reserve Auction : Requires

bidding to reach an un-disclosed

price before the property is

considered sold.

Stand-Alone Auction: Auction of

a single property.

Te r m s a n d C o n d i t i o n s :

Document specifying certain

aspects of the Purchase and Sale

Agreement.

Now HiringReal Estate Allstars!

JOIN US!

• Earn a virtually unlimited income

• Auctions benefit buyers, sellers and agents

• Enjoy unparalleled support, including weekly business coaching!

• Multiple positions available across the country, including: o Regional Directors,

managing multiple teams

o Team Leaders, Focusing on

business development

o Project Managers, Servicing

auctions

OR PARTNER WITH US!

•Keep your commissions•Retain your clients•Offer the Auction Option•Referral fees available,too

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REALESTATEAUCTIONS.COM

Detroit Michigan

1517 Atkinson

Detroit, MI 48206

Class: Single Family Residential

Beds: 4

Baths: 1

Year built: 1914

Starting Bid: $4,800

38 Elton

Ecorse, MI 48229

Class: Single Family Residential

Beds: 3

Baths: 1

Year built: 1925

Starting Bid: $5,360

34 Cherrygrove

Ecorse, MI 48229

Class: Single Family Residential

Beds: 3

Baths: 1

Year built: 1936

Starting Bid: $3,200

20060 Biltmore

Detroit, MI 48235

Class: Single Family Residential

Beds: 3

Baths: 1

Year built: N/A

Starting Bid: $5,520

12391 Santa Rosa

Detroit, MI 48238

Class: Single Family Residential

Beds: 2

Baths: 1

Year built: N/A

Starting Bid: $3,600

13202 Stoepel

Detroit, MI 48238

Class: Single Family Residential

Beds: 2

Baths: 1

Year built: N/A

Starting Bid: $3,200

Detroit, Michigan Auction

July 10th 2014 6:00pm

Doubletree Hotel5801 Southfield Expressway Detroit, MI 48228

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inside_Brooks_detroit.pdf 1 6/26/14 2:29 PM

NEWSLETTER EXAMPLE

18 RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

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19RealEstateAuctions.com

RealEstateAuctions.com 2225 E. Bayshore Rd. Suite 100, Palo Alto, CA 94303Email: [email protected] / Tel: 408-210-7582

PROJECT SUMMARY Thank you for considering a real estate auction as the best way to sell your single-family home at 1695 Coral Tree Place in San Jose, California.

Outlined in this proposal is a roadmap to sell your real estate quickly, efficiently and for the best price. In these pages we have detailed our suggestions and the available options that can be employed, the highlights which include:

• Ballroom-style auction offering simultaneous live and online bidding• Absolute bid-style with no reserves and no minimum bid • Consideration of any and all pre-auction offers• A total of three open house inspection dates • Execution of all points contained within our Recommendations chart (Page 12)

We believe you will be pleased with the process and the results of the auction method of marketing and sale of your home. We appreciate the opportunity and we look forward to getting started.