Norris Bruce
Aug 04, 2007

Randy and Mike Grigg of Elite Auctions #27

Randy and Mike Grigg

Bruce is joined by Randy Grigg and Mike Grigg who head Elite auctions (formerly part of California Premier Auctions).  Learn how they got started in the business, why auctions worked for them, and how auctions could work for you.

Being involved with real estate transactions since 1977, Randy Grigg discovered the benefits of using the auction method of marketing real estate after completing a single-family house rehab project that had three failed escrows. Selling time went from 2 months to 7 months due to the buyers backing out because of financing and appraisal contingencies. These extra 5 months of holding costs dramatically reduced the net profit.

As a “control freak” (and knowing other people are too) we designed our company to cater to the desire of our clients to sell their properties quickly in “as-is” condition with no loan, appraisal or property contingencies… at the highest price the market will bear. By selling my own properties “absolute” (no reserve), we learned first hand how to get the right bidders to our auctions. After we continued tweaking our marketing program we finally felt comfortable selling for others. We also have developed a strategy for selling real estate for others where our clients have full control over the final selling price, again understanding many of our clients desire for complete control.

Mike Grigg graduated from the prestigious “World Champion College of Auctioneers.” He has participated in charity and real estate auctions and handles agent/broker relations. Mike serves on the board for the California State Auctioneers Association (CSAA). He has been designated AARE, which means he is an Accredited Auctioneer of Real Estate appointed by the National Auctioneers Association.

Mike has called a variety of real estate auctions in California and knows what it takes to get the buyers to competitively bid and drive the prices up. He is one of the 2004 California State Auctioneers Association Bid Calling Champions. Mike began his career in the real estate auction business in 2002 and believes that real estate auctions are the purest form of price realization. Learning real estate exclusively through the auction method is an advantage to potential clients and makes Mike one of the leading auction experts in California. Contact Mike at (661) 325-6500.

The number for Elite Auction is 661-325-6500, and their website is www.sellwithauction.com

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