Matthew Haak

I'm a:	Real Estate Professional
Company:	Windermere
Location:	Tacoma
Web sites:	MatthewHaak.com
Phone:	253-312-7351

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About Me

Matthew Haak is a graduate of Wheaton College in Wheaton, Illinois where he earned his Masters Degree with honors. Among other ventures, Matthew opened a successful internet startup company in Chicago which he operated for four years before moving to Washington to pursue a full time career in real estate and construction. Matthew is happily married to his college sweetheart and is excited about soon starting a family and becoming a foster parent. He is committed to investing in his community and has volunteered for over six years as a youth mentor and leader. Matthew has a passion for helping others. His career path has included general contracting, business ownership, union commercial electrical work, and now real estate sales in Pierce and King counties. He is dedicated to his profession and is eager to understand and meet people’s needs. He has significant experience in marketing, research, web technology, market analysis, and he is an expert handyman. His strong focus on people-centeredness has built a strong foundation for his career. Matthew is proud to work in association with the premier real estate agency in Washington, Windermere Professional Partners. He looks forward to earning your business.

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I want to do a round robin in Puyallup. The property value is about $260 - $270K. What price should I start?

Asked Mon Dec 31 2007, 22:38 by Mea - Puyallup - Home Selling - 4 answers

Matthew Haak answered:

I think that this is a great Idea (with caution... see below). From my previous business (Auctioneer) I realized that auctions are one of the best ways to realize the actual market value for an item.

With regard to starting price I would submit that a lower is better. But that is because I am so confident in the auction model. Take an eBay auction for example. When you look at completed auctions you will usually find that any desirable item that starts at the lowest price is usually the one with the highest selling price. Why? Human nature. The blatant secret. Everyone wants a deal. Everyone is attracted by a low price. More people will look at it with a lower price. The name of the game is to get as many eyes on the home as possible. Get as much action as possible. Its a numbers game. The more people that look the better chance that there is someone who is qualified/serious or knows someone who is qualified/serious.

Imagine this... You see an ad in the paper that someone could win an auction on a house and the opening bid is $1. Do you think that you will get a great deal of people to come and look at it. I do. The more people in the driveway on the open house the better. People will perceive traffic as a sign of desirability. It is strength in numbers. If you come out of the box weak on starting price you will see weak results and/or few offers.

It is a good idea. Don't forget to talk to a lawyer about any legal ramifications. You will not be covered by errors and omissions insurance. You are more likely to get sued because you did not use a real estate professional. In this litigious society many do not want to risk their most valuable investment to something with this much risk. With regards to the condition of the home and repairs Disclose, Disclose, Disclose, and then Disclose some more. If you are a professional and understand all of the required paperwork inside and out and can market yourself online and in print then it stands to reason that this could be a winner.

Good luck. Let us know how it goes. - Fri Apr 4 2008, 15:57

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