Going to the other side of the world changed my life. Spinning a globe to stop it with your finger that determines your destination is thrilling and liberating. The method I used to choose my destination left a little less to chance. I received a tremendous opportunity in the form of a Fellowship from the University of Miami allowing me travel expenses to be used for bettering my understanding of business transaction methods.
Being an American yuppie fresh out of college, I had never taken an international trip for business research. In the land of dingoes and didgeridoos I set out to find why Real Estate Auctions work so well in Australia. While in America many people approach it with skepticism and lack of information.
Approximately 1/3 of all Real Estate Transactions in Australia are auctions compared to a marginal percentage in the US.
But what are the reasons behind this and how can the skepticism be satiated with knowledge?
My challenge was to identify the social, cultural, and economic reasons why auctions are perceived so much differently. Once the causes are identified, the next step is to transfer the cultural attitude on the public’s perception in Australia to the Americans that are still auction skeptics.
I interviewed the Chief Auctioneer at Ray White, Sam Kelso, and asked his opinion on the difference in auctioning between the two countries.
Here's The Podcast Link: http://www.podbean.com/home/podcast-directory-play.php?eid=3187460
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