Charlesgate Realty Announces Online Auction for Back Bay Condo

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Online Auction is The First of Its Kind in Boston for a Residential Condominium

Charlesgate Realty Group

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Charlesgate Realty Group, LLC., a leading Boston real estate brokerage firm, continues to innovate the marketing of Boston homes and condos by introducing a never-before-used online auction sale for residential condos in Boston. The Boston real estate firm is holding an online auction for a condo in the Back Bay on November 20, 2011.

“We’re thrilled to have the opportunity to assist a seller maximize the sale price of their property in the shortest amount of time using this online auction. In a situation like this where the seller needs to liquidate their asset quickly yet still try to maximize equity, the online auction method of selling real estate is a perfect fit,” says Michael DiMella, Charlesgate Realty Managing Partner. “I’m thrilled that the seller understands the risks involved, especially given that this property is the first ever to be auctioned online in this fashion in Boston, and has given us free reign to use the online auction the best we see fit, even allowing us to run the auction without a hidden reserve price. This property will sell to the highest bidder, no matter what.”

Auctions have been used to sell residential condo developments previously, but what makes this different is the online format of the auction, similar to an EBay auction with special modifications for real estate, and the fact that it is for an individual non-bank owned property. Charlesgate Realty Group anticipates providing the online auction sale method in the future to other sellers in the Boston Real Estate Market fitting specific criteria that would make it the best option for them.

About the Auction
The auction for 416 Marlborough St. #212 Boston, MA 02115 will take place online on November 20, 2011 from 3-7pm. Bidding starts at $315,000 ($374 per square foot), with NO hidden reserve. For details, to schedule viewings, or to register to bid, go to http://www.charlesgateauction.com/Unit202. To view the property, there are Open Houses scheduled on 11/6, 11/13 & 11/20 from 11am-12:30pm each day. Private showings can also be scheduled at other times.

About Charlesgate Realty Group
Charlesgate Realty Group, LLC. delivers innovative real estate services to sellers, buyers, renters, and property owners in Boston. Providing expert local knowledge, education, and advice, paired with a unique team based business model, Charlesgate Realty Group has successfully guided over 5000 customers to confident decisions buying, selling, and renting property in the Boston real estate market since 2003. Based in the Back Bay, Charlesgate Realty Group can be found at http://charlesgaterealty.com. Charlesgate Realty Group also publishes a Boston Real Estate Blog and hosts the free Boston Real Estate Discussion on the site as well.

For comment from Charlesgate Realty Group about the Online Auction please contact Michael DiMella, Managing Partner, at 857-383-3113 or at mdimella(at)charlesgaterealty(dot)com.

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