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About Greenwood Village's Cherry Creek Vista

Greenwood Village CO Home Update - Featured Neighborhood: Cherry Creek Vista Home & Real Estate For Sale

Mark Richards, Esq., ABR, GREEN, SFR... Denver CO Home & Real Estate Search: Real Estate Agent in Denver, CO

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.


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Real Estate Auctions

Bob Schenkenberger - Denver Real Estate: Real Estate Agent in Greenwood Village, CO

auctionAfter 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!