The seller owns the property free and clear. The great news is that like many well invested Americans, he can afford to sell -- and that equates to a real buyer opportunity.
Vail, CO (PRWEB) August 26, 2009
On September 10, 2009, a luxury home valued from $1.5 - $2M will be sold by Exclusively Auctions at a live absolute auction-- which means to the highest bidder, regardless of the price. Additionally, this rare auction will feature a Commercial property in Beaver Creek valued at $1M and a Cordillera Ranch home-site valued to $750,000. This is a true buyer's bonanza.
Previously, the Vail market had been impervious to the decline of real estate values seen elsewhere in America. Currently, Vail MLS sales are down to 27% of last year's numbers.
One seller in Cordillera that is represented by Exclusively Auctions was asked how he could risk the sale of his $750 thousand dollar Cordillera Ranch land by selling via absolute auction -- with no minimum bid and no reserve price. Exclusively Auctions President Nicholas Varzos replied, "The seller owns the property free and clear. The great news is that like many well invested Americans, he can afford to sell -- and that equates to a real buyer opportunity."
"As any investor knows, there are times when you make money -- and times when you lose money. The important thing is to move forward and accomplish your goals while not focusing on a short-term loss,."
With 60% of properties in America being owned free and clear of any debt, many owners are looking to Absolute Auctions as the way to accelerate their liquidation of real estate to cash. They know that in approximately 30 days, they will have their money fully realized.
For anyone looking to obtain a luxury home, building site, or high end commercial real estate property there are some 'ritzy' real estate deals to be had in the Vail Valley on September 10th. "Don't call your local realtor - these deals are not in the MLS or Realtor.com."
These deals are free from realtor commissions! Because of the absolute auction process buyers name their price and snap up a property for true market value -- at least as far as the National Association of Auctioneers (NAA) is concerned.
You can bid live in-person, or real time via the internet on the auction day. Register early, and don't miss out on this absolute real estate auction.
"Real estate absolute auctions make for great opportunities!" Varzos adds.
Exclusively Auctions is one of the nation's leaders in absolute auctions. Absolute auctions require no minimum bid, which benefits the buyer, because they and the seller are guaranteed a quick sale. Exclusively auctions work with both moderate cost and luxury real estate properties. For more information on home auctions or Exclusively Auctions, visit MyNextAuction.com.