November 22, 2011 • Page 4 shop online at www.missourivalleyshopper.com DAVE SAYS: Is It A Good Idea To Sell A House At Auction? RAMSEY cept or decline any and all bids. A minimum price may or may not be disclosed, and the FRIDAY 2011 Dave PREMIER DEALER your area. I’ve done pretty well selling properties at auction, and I’ve also found some great deals buying properties at auction. Of course, that meant someone else didn’t do so well! —Dave Fifteen percent Dear Dave, Would you explain your 15 percent requirement on retirement contributions as listed in the Baby Steps? Melanie Dear Melanie, When I talk about Baby Step 4, which is EARLY OPEN Dear Shannon, First, let’s take a look at the two types of real estate auctions, absolute auctions and auctions with reserve. With an absolute auction, whatever the house sells for, that’s it. When the hammer drops, you’ve sold the house. An auction with reserve is where the seller, or his agent, reserves the right to ac- seller reserves the right to accept or decline any bid within a speci?ed timeframe. As a general rule, auctions are not going to bring retail price. People who go to them are looking for a deal, so you’ve got to be willing to accept less than what the property’s actually worth. Essentially, what you’re doing is drawing out the vultures and hoping one of them will get excited and pay a price close to retail. Take a good look at your properties, the neighborhoods they’re in, and decide what you’re willing to accept. Then, talk it over with a quality auctioneer in DOORBUSTERS saving 15 percent of your income for retirement, I’m talking about 15 percent of your gross annual pay. Now, you don’t have to get too nerdy about it. It’s not like you’re going to die a pauper if you only save 14 percent, or be ridiculously extrawealthy if you save 16 percent. The bottom line is you should be able to save $7,500 a year if you make $50,000 annually. That’s only about $600 a month. But, the only way you can do this is if you lose stupid things like car payments and credit cards. Get out of the land of MasterCard bondage and American Distress! When you get out of debt, it’s easy to set aside an emergency fund of three to six months of expenses and breeze right along pumping 15 percent into retirement. By the way, did you know you can retire with about $7 million if you save 15 percent of a $50,000 a year income and invest it in good growth stock mutual funds starting at age 30? Sounds like it’s worth doing to me! —Dave 1605 Dear Dave, I have a couple of rental houses, and I was thinking about unloading them at auction instead of renting them out again. What are your thoughts on selling homes at auction? Shannon 1605 Apartments For Rent 1 & 2-bedrooms Orchard Square 418 W. 15th $440 and $490. includes utilities. (605)665-6135 or Skogen Company (605)263-3941. BLACK FRIDAY 4AM-1PM Early opening where permitted by law. DOORBUSTER $ 98 699 $ FINAL SAVE $500 BUYS THE PAIR WITH SEARS CARD FRIDAY 4AM-1PM WHEN YOU BUY THE PAIR WITH YOUR SEARS CARD Frigidaire® Affinity® white 3.3 cu. ft. capacity system (VCS) washer 02640902/ FAFW3801LW Reg. 1199.98 pair, 736.82 pair Frigidaire Affinity white ultra capacity 7.0 cu. ft. electric dryer 02680902/ FAQE7001LW Gas dryer priced higher. Optional pedestals 30% off 41% ® all Kenmore Elite appliances off sold separately. Limited to in-store inventory only. Limited quantities. Minimum 3 per store. Gas/electric dryer availability will vary by store. Only available at Sears Hometown Stores. y y y on the PAIR with Sears card Offers g good 4am-1pm 11/25/11 only. p y 99 499 21 SAVE $360 Kenmore 21-cu. ft.† top mount refrigerator 04662152 cu. ft.† 41% OFF Limited to warehouse e quantities. Approx. 3 per store. No rainchecks. Additional discounts and offers do not apply. DOORBUSTER $ 46999 EA. Kenmore® white 3.5 cu. ft. capacity high efficiency front load washer with built-in water heater 02640272 DOORBUSTER SAVE $942 ON THE PAIR $ 99 579 Kenmore 50% OFF Kenmore white 7 3 cu ft capacity 7.3 cu. ft. electric dryer 02680272 Gas dryer priced higher. Optional pedestals sold separately. Limited to warehouse quantities. Approx. 6 per store. No rainchecks. Additional discounts and offers do not apply. $ DOORBUSTER 129999 SAVE $1192 ON THE PAIR EA. DOORBUSTER R Elite® white 4.5 cu. ft. top load washer 02629272 yourchoice 50% OFF to warehouse quantities. Approx. 8 per store. No rainchecks. Additional discounts and offers do not apply. DOORBUSTER 99 149 Craftsman OFF DOORBUSTER $ SALE 255-pc. mechanic’s tool set 00935255 Reg. 299.99 50% OFF •White or black. 02285032/9 Reg. Kenmore Elite white 7.3 cu. ft. electric dryer with steam generator 02669272 Gas dryer priced higher. Limited $ 50%over the range microwave Kenmore he 239.99 ea., 119.99 ea. Also available in stainless steel 02285033 Reg. 279.99, 139.99 Limited to warehouse quantities. Approx. 8 per store. No rainchecks. Additional discounts and offers do not apply. 99 39 SALE % 55 a. Craftsman 5.0-peak HP, 12-gal. wet/dry vac 00917765 $ OFF ® C3® 19.2-volt drill 00917191 Reg. 79.99 SAVE $890 OFF DOORBUSTER $ 20% 50% OFF OFF all Craftsman® power lawn & garden Excludes Everyday Great Price items and generators. DOORBUSTER $ 50% OFF SALE $ 109999 SALE SAVE $1000 warehouse quantities. No rainchecks. Reception is simulated. Additional discounts do not apply. 47% 999 SALE, EA. $ 2999 66% OFF SALE, EA. 98 99 YOU WHEN 50% 2010 Chevy Impala LT, white 2008 Chevy 1/2 ton ext cab, long box 2010 Chevy Impala LT, black 2007 Chevy 1/2 ton ext cab, 4x4 2010 Chevy Cobalt LT, blue 2006 Chevy 1/2 ton crew cab, 4x4 2008 Chevy Uplander Van, silver 2008 Chevy Uplander Van, short style SALE, 2007 Chevy Trailblazer, 4x4, V8 1998 Firebird Convertible, black BUY BOTH OFF SAVE $100 SAVE $60 Craftsman 8-drawer Special Edition tool chest 00931791/2 a. GearWrench® 7-pc. flex head ratcheting wrench set 00944005/6 SAVE $50 1-bedroom apartment in Tabor. Clean, cozy and a short commute to Yankton. Rent based on income. Equal Housing Opportunity. (605) 760-7413 or Skogen Company (605)263-3941. OFF a Craftsman 8-pc. b. Craftsman 8-pc. flat combination wrench set full polish ratcheting 00947242/3 Reg. 19.99 ea. wrench set 00922984/5 1 and 2-bedroom apartments available in Wakonda. Rent based on income, utility allowance, laundry facilities, Contact Oakleaf Property Management. Toll free at 1-877-521-8750. 55-IN. CLASS 1080P 120Hz INTERNET READY DOORBUSTER yourchoice 1-Bedroom Apartment available at Town Square Apartments for seniors or persons with a disability. Paid Utilities. Friendly Community. Service Coordinator on site. We are pet friendly. Contact Jerry at (605)624-5218. warehouse quantities. Approx. 2 per store. No rainchecks. Additional discounts and offers do not apply. Colors, connectors, ice maker hook-up and installation extra. †Total capacity. Craftsman handheld 35 LED worklight - rechargeable and cordless 03473904 Reg. 34.99 50% 1 and 2-bedroom apartments available in Scotland. Rent based on income, utility allowance, laundry facilities, Contact Oakleaf Property Management. Toll free at 1-877-521-8750. Apartments For Rent Samsung® 55-in. class LED HDTV •54.6-in measured diagonally. 05771180/|UN55D6000 Limited to 1749 SALE OFF DOORBUSTER SAVE $50 DOORBUSTER 3999 Craftsman 40% buy any wet/dry vac, get the filter for $10 00917816 DOORBUSTER $ Kenmore 24.7-cu. ft.† french door bottom freezer refrigerator 04672023 Limited to 1 and 2-Bedrooms, Orchard Square Apartments, 418 W. 15th, for elderly or persons with disabilities. Rent based on income and includes utilities. Equal Housing Opportunity. (605)665-6135 or Skogen Company (605)263-3941. * For more ?nancial help, please visit daveramsey.com. 62% OFF Minimum 2 per store. While quantities last. No rainchecks. FREE b tool bag See store for details. Tony and Donna Ellis • 605-665-3720 • 1200 Ellis Road, Yankton, SD 57078 Plus... hundreds of specials all day Fri. 11/25 & Sat. 11/26 Yankton Woehl by: Toby & Kerry Owned and Operated by Name • Store address • Store hours • Phone number Owned & Operated Owned and Operated by Name • Store address • Store hours • Phone number STORE NAME DAKOTA STEEL INC. 2901 Broadway, Yankton • 605-665-7861 Monday-Friday: 9am-6:30pm • Saturday: 9am-6pm • Sunday: 11am-4pm Canton, SD ! ! ! STEEL FACTORY ! ! ! 2011 APPLIANCE OFFER: Offers excludes Electrolux, Jenn-Air®, Dacor, Fisher & Paykel, ?oor care, sewing machines, countertop microwaves, water heaters, water softeners, water ?ltration, air conditioners, air cleaners, humidi?ers, dehumidi?ers, accessories, closeouts and Everyday Great Price items. Extra 5% and 10% cannot be combined with Friday Doorbusters, Friday & Saturday Hot Buys or other Sears card discounts. Excludes Sears Commercial One® accounts and Outlet Stores. Sears Home Improvement AccountSM applies on installed merchandise only. Offer good thru 11/26/11. Kenmore Elite® offer good 4am-1pm on 11/25/11 only. PREMIER DEALER JA#111C012_301 • 29 Guage Steel • High Quality 100,000 P.S.I. Tensile Strength • Cut to length from 1”- 60 ft. • .0155 mill thickness before paint • .017 mill nominal thickness after paint • 40-year paint warranty FACTO R DIRECT Y Call for Prices. “We Roll Our Own Steel For You We’ll Roll You a Deal” Bottom Dollar • Factory Direct • Wholesale Prices Post Frame Building Packages or Steel Sheeting 605-987-9080 • 605-987-4306 fax