The home has stunning views of the Pacific Ocean. It really doesn't meet the stereotype of a property going to auction. It isn't in foreclosure and it is not, as anyone can see upon first looking at it, a distressed property
Newport Coast, California (PRWEB) August 3, 2008 -
A home located in the prestigious Pelican Ridge community of Newport Coast, California, will hit the auction block on August 16, 2008. This is the first home in the Pelican Ridge community to be offered at auction. While most people associate auctions with distressed or foreclosed properties, many homeowners throughout the country are making the choice to offer their property via the auction method for its expedited results for both buyer and seller, according to Robert Storment, Vice President and COO of Real Estate Auction Associates. Later this month, Real Estate Auction Associates, a firm offering both traditional real estate services and auction services, will auction off the home in Pelican Ridge. The 3,200 square foot house has three bedrooms, three and one half baths, a gourmet kitchen, family room, custom parquet floor, custom indoor sauna, and a master bedroom with a jacuzzi-style tub.
"The home has stunning views of the Pacific Ocean. It really doesn't meet the stereotype of a property going to auction. It isn't in foreclosure and it is not, as anyone can see upon first looking at it, a distressed property," said Storment. "The layout of the home adds to its uniqueness," said Storment, "Nearly every room offers a view of the sunset and the ocean." The property will be available for preview from 9:00 to 11:00 a.m. prior to the auction on Saturday, August 16, 2008, at 11:00 a.m.
Well known for its celebrity inhabitants, golf courses, parks, and resorts, Newport Coast is a 7,700 acre planned development expected to have a population near 10,000 in 2008. Pelican Ridge is a guard-gated community that is convenient to miles of adjoining beaches, as well as the Irvine Ranch Wildlands and Parks, numerous local and regional shopping facilities, freeways, and John Wayne Airport.
Real Estate Auction Associates (REAA) is a member of the National Auctioneers Association (NAA), and offers both brokerage services in real estate and real estate auction services. REAA has been active in the auction industry for over 20 years and has auctioned properties in over 24 states. The CEO and COO are both Accredited Auctioneers of Real Estate, which is a designation held by only 5% of auctioneers worldwide. Melissa Storment, CEO, has consulted with top auction firms in the world on innovative ways to sell and market real estate via auction. Robert Storment, COO, is also a designate and graduate of the coveted Certified Auction Institute, which is a designation held by only 3% of auctioneers worldwide. For more information on Real Estate Auction Associates, visit http://reaa.us
For more information on the property, go to http://reaa.us/auctions.htm
For more information on Newport Coast, visit http://www.orangecounty.net/cities/NewportCoast.html