Excerpt: video of Richard Davis explaining the event
Excerpt: On March 14, Richard Davis of Trademark Properties is proposing to auction off hundreds of properties across the state at the Gaillard Auditorium in downtown Charleston. Davis said the event could help create much-needed momentum in the local real estate market, which has suffered from slower sales for nearly two years.
Excerpt: Davis said he hopes to sell more than 500 properties that day, but so far the company doesn't have any sellers who have formally registered their homes for the auction. Trademark analysts Tuesday were sifting through $80 million worth of properties that have been submitted as prospective sale candidates.
Excerpt: After the Charleston event, Davis said, he plans to organize auctions in 10 other cities across the country, including Atlanta, Chicago, Dallas and Seattle. In preparing for those sales, he and his firm hope to take advantage of the publicity he has generated from several years of exposure on cable TV.
Excerpt: Long before his property-flipping adventures became the basis for The Real Estate Pros—one of the most popular reality shows on TLC (formerly The Learning Channel)—Richard C. Davis was capitalizing during both boom and bust cycles by doing grunt work much less camera-friendly than chucking air conditioners out of second-floor windows. "There's no mystery in how you make the right decision about a property to buy," says Davis, who started his Charleston, S.C.-based Trademark Properties in 1991. "We're the ones going down to the county assessor's office and making friends. Most people spend a bunch of time looking at car prices on the Internet, but they don't research what's going to be their biggest investment."
Excerpt: Davis' TV show focuses on his team's adventures (and misadventures) rehabbing properties for a quick turnover and profit. What gets overshadowed is the legwork that goes into every purchase: Davis says Trademark researches 2,500 properties a month and might find only one to buy for investment purposes. "I'm an opportunistic buyer," says Davis. "I'm trying to make money. If you're buying your primary home, and you're going to live there for 20 years, you can throw the investment rules out. But if you're looking at second homes—and I've bought vacation homes all up and down the Atlantic Coast here—you have to think about it like an investment, not like something your spouse is nagging you to pick up on the way home from work. You have to do the legwork.
Excerpt: "People have been saying, 'I'll buy it, and even if I don't like it, I'll sell it and make money,' " says Davis, whose show will next track Trademark's maneuvers in Charleston's softening real-estate market. "That party's over," Davis says. "Credit is too tight. I can remember the last time this happened. I was over at Kiawah Island buying foreclosures seven or eight years ago. It wasn't any indication of the quality of the properties there. It was a reflection of the money situation. That's where we're at right now. There are some tremendous bargains out there. Ten years from now, you're going to look back and say you can't believe how you got your place for 50 cents on the dollar."
Excerpt: Each division of Trademark Properties works to support the investments we secure on behalf of our clients. Working and communicating as a team to maximize the delivery of value to each client..
Excerpt: Come get inspired by Richard C. Davis, owner of Trademark Properties, Creator of Flip This House, The Real Deal , and The Real Estate Pros.
Excerpt: Learn how YOU can become a part of the Trademark Team as they begin their national rollout.
Excerpt: Richard's book will be released for the first time on the 27th - be the first to get a copy!
Excerpt: Last week, Dunes Properties celebrated the opening of sixth location, at 214 King St.
Excerpt: Richard Davis of Trademark Properties opened an office only a few steps away. His office started a concierge service, with drivers taking visitors from the downtown location to listings all over town. Davis said the company has taken in more walk-in visitors in one week downtown than during 15 years on James Island's Folly Road. "It blows my mind how many people make a million-dollar decision based on not having to drive over bridge," he said.