"This is an incredible opportunity to purchase an exquisite mountain estate before the market, which is showing signs of sustained recovery, really soars,” stated Scott Kirk, executive vice president of Grand Estates Auction Company.
Whitefish, Mont. (PRWEB) May 20, 2013
As the real estate market continues to show signs of improvement and the luxury market is gaining momentum, owners of estates in the $1.5 million and above market are seeking smarter strategies for selling and marketing their homes and establishing fair market value. For the owners of a luxurious, fully furnished 6,300-square-foot Whitefish, Mont. mountain home on 20+ private acres, auction was the answer. The mountain estate with breathtaking views will be offered at absolute auction on Tuesday, June 11th at 2:00 p.m. by Grand Estates Auction Company.
The sale of luxury homes soared at the end of 2012 with November sales of homes valued at $1 million or more spiking 51% compared to a year earlier according to the National Association of Realtors. Buyers and sellers alike are looking for new ways to establish market value in a changing market. For many the answer is absolute auction, where the interested buyers determine the price.
Absolute auctions require no minimum bid or reserve price and are becoming increasingly popular with buyers and sellers of luxury real estate throughout the world due to their timeliness and transparency. There are no contingencies, no lengthy negotiations, and timelines for closing are already established. To help buyers make an informed purchase, a comprehensive due-diligence packet is available, and ample time is allotted for tours and inspections prior to the auction. Similar to rare artwork that does not have comparable pieces to set the value, exceptional properties such as this are well suited for auction, where bidders set the market value.
“This is an incredible opportunity to purchase an exquisite mountain estate before the market, which is showing signs of sustained recovery, really soars,” stated Scott Kirk, executive vice president of Charlotte-based Grand Estates Auction Company. “Buyers and sellers alike are realizing that in a changing marketplace such as this, absolute auction is an expedient and reliable way to establish fair market value.”
Built in 2008 with family and entertaining in mind, the fully furnished turn-key residence features a thoughtfully designed open floor plan with an expansive great room, indoor fire pit, gourmet kitchen with an artisanal wood-fired brick oven, six bedroom suites including a bunk room, four full bathrooms and one half-bathroom, a secondary kitchen, and a five-car garage. Craftsmanship is evident through the native log construction, hand-finished details such as the copper vent hood, and murals and paintings created by local artists. Additionally, the home offers a state-of-the-art security system with cameras and fully ventilated HVAC, humidity control and sprinkler systems.
The home has expansive 180-degree views of the Salish Mountains and surrounding peaks, due to its positioning on one of the highest points of the exclusive and gate Elkhorn community. Located less than 10 minutes from downtown Whitefish, and one hour from the Canadian border and Glacier National Park, endless outdoor pursuits are moments away, including hiking, golf, tennis, boating, skiing and fishing.
The auction will start promptly at 2:00 p.m. on Tuesday, June 11th. Provisions for remote bidding can be arranged. The property will be available for prospective bidders to preview beginning Friday, June 7th, at 11:00 a.m., with daily preview times scheduled through the date of the auction. Buyers may contact Grand Estates Auction Company’s auction information office to schedule an appointment during one of the preview times at 877-376-9560. A $50,000.00 certified check or personal check along with a bank letter of guarantee will be required to register to bid. Real estate agents and brokers are fully protected and encouraged to participate.
Grand Estates Auction Company is the leader in the niche market of auctioning luxury real estate, specializing in properties valued at $1.5 million and above throughout North America and the Caribbean. Established in 1999, the company was the first of its kind. The company is based in Charlotte, N.C. with offices in Atlanta, Naples, Fla. Aspen, Colo., and Vail, Colo. For more information and auction details visit http://www.GrandEstatesAuction.com.