Real Estate Auction Options Principal Gary Gilbert discusses luxury real estate auctions for both sellers and purchasers.

Luxury Condo Real Estate Auctions

By Gary Gilbert on
Gary Gilbert
I have been involved in multi-millions of dollars worth of luxury real estate au
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Oct 12 in Condo Auction

A luxury real estate auction is not only a good fit for some luxury homes and luxury ranches but also for luxury condos.  Often times, a developer will work with a real estate auction company to conduct a developer closeout event.  This may happen when the developer is down to their final units that just are not moving and is looking for something to jump start sales.  For the end user buyer, a condo real estate auction may offer individual units while for an investor buyer they may be interested in purchasing all or most of the remaining inventory. Lately, most of the condo auctions I am observing are using published minimum reserves, a topic that I will discuss in my blog tomorrow.

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