Chicago, IL (PRWEB) July 26, 2012
Diliberto Real Estate Services, LLC and Coldwell Banker Real Estate Turks & Caicos, today announced its joint venture to promote the sale by auction of a wide diversity of luxury residential properties located throughout the Turks and Caicos Islands.
The residences include a magnificent penthouse in the exquisite private Gansevoort resort known for attracting the rich and famous from locations around the world, originally priced to $4 million, and home sites in Ambergris Cay priced originally to $1 million. Separately, from Diliberto Real Estate, vacation homes in Puerto Vallarta, Mexico and selected US mainland states will be included in the auction mix.
“We are delighted to join with Coldwell Banker Real Estate Turks & Caicos,” said Frank Diliberto, president of Diliberto Real Estate Services, who is a former partner with KPMG Corporate Finance. “Working with a high-quality locally-based company immediately translates to better operating efficiencies, less down time and an assurance of high quality service delivery.” Diliberto executives are no strangers to high profile players, having worked on behalf of Trump, Intel Corp, and leading sellers of trophy properties globally.
According to Graham Canham of Coldwell Banker Real Estate Turks & Caicos, “It’s the combination of our firm’s on-the-ground understanding of the culture and real estate market in the islands, paired with Diliberto’s incomparable auction expertise that will ultimately benefit our sellers and buyers. We see it as a way of expanding our business lines.”
With a 23-year history as a leader in the auction industry, Diliberto is differentiated from its competitors by its ability to advise on a broad spectrum of real estate solutions, including financial and capital markets solutions.
“Given our firm’s many years of representing institutional sellers and owners of one-of-a-kind residential properties--we know how to quickly attract and qualify prospective bidders,” said Diliberto. “We can see that assembling bidders to compete for signature properties creates an atmosphere of anticipation and excitement that ultimately results in a winning sales price that the ‘market’ has determined, for properties that might otherwise languish on the market for long periods of time,” added Graham Canham.
Turks and Caicos is a major offshore financial center and destination for many affluent Europeans, Americans, Canadians and British nationals. Consequently, because of the uniqueness of properties, along with diversity of buyers and their opinion of value, the auction provides the ideal vehicle for bidders and buyers to determine value.
The DRES/CBRETC joint venture is formed at a time when the market is beginning to open up with buyers’ realization that opportunities available today might not be available tomorrow. DRES’s reputation in selling extraordinary assets at auction ultimately defines value, at times when sellers cannot determine value or are concerned that the conventional brokerage sales process will not deliver timely results.
“Globally, both sellers and buyers benefit from our auctions. We ‘make’ the market, we are not constrained by it,” said Mr. Diliberto.
Coldwell Banker Real Estate Turks & Caicos:
Having served buyers, sellers and owners of residential and commercial property in the Turks & Caicos Islands since its establishment as Blue Horizons Real Estate in 1989, Coldwell Banker Real Estate Turks & Caicos is now one of the country’s pre-eminent full-service brokerages. Major focus includes Vacation Rental and Property Management business.
Diliberto Real Estate Services, LLC
Diliberto Real Estate Services, LLC is a leading real estate and financial advisory firm with a 23-year specialty in real estate auctions. With over 140 combined years of experience and in excess of $5 billion in transactional and sales volume, the firm has maintained a leading role in the mainstreaming of real estate auctions in their use by corporate, private and public sellers of real estate across the globe.