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Featured Neighborhood: Cherry Creek Vista Home & Real Estate For Sale
Cherry Creek Vista Home Search
Greenwood Village CO Home Search
When you are ready to look at homes (or have one to sell) in Cherry Creek Vista of Greenwood Village CO give me a call. I would love the opportunity to earn your business! Mark at 303.204.8949.
View Cherry Creek Vista Neighborhood in Greenwood Village CO in a larger map
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Copyright©2010 by Mark Richards, All Rights Reserved, "Greenwood Village CO Home Update - Featured Neighborhood: Cherry Creek Vista Home & Real Estate For Sale"
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After 16+ years selling real estate, I recently saw my first real estate auction! I live in Cherry Creek Vista, and I wasn't bidding or even in the direct audience. I was actually on my back patio, because one afternoon last week, a bull horn was being used in the back yard of a neighbors house. And wondering what the heck was going on, I went to investigate. It sounded like a SWAT Team was dealing with a hostage situation!
I found that a property almost directly behind me was being sold at auction. There were about 15-20 people in attendance, and an auctioneer, using a bull horn, calling out the bidding. It turns out the home sold that day for $310,000, I know because the whole neighborhood could hear what was going on.
Now my question is this. Are Real Estate auctions a good way to sell properties? I believe whoever bought the home got a good deal. I estimate the house was worth $350k-$400k, although I hadn't been inside. My first thought was I could have sold it for more than this. So why would the owner/bank sell at auction, and take a below market price?
Comments from those with auction experience would be great. I think everyone here could learn alot from your responses.
I do know I will be attending more auctions in the future, to check them out!
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