The New Way to Sell Real Estate: Real Estate Auctions

LUTZ, Fla. - July 20, 2013 - PRLog -- Auctions put the seller in control of the sale of their property.  The seller picks the date their properly is sold, which is in sharp contrast to traditional real estate sales, where sellers are forced to wait and hope for an offer.  This clear distinction leads many homeowners to ask, “Is an auction the extra edge my home needs to sell in this market?”

One homeowner in Lutz, Florida decided that an auction would create competition and would provide a definite sale date and was therefore preferred over traditional real estate sales.  The homeowner contacted Blackstone Auction Group (http://www.BlackstoneAuction.com) for the online auction sale of the exquisite, custom estate home, located at 4517 Cheval Blvd, Lutz, Florida 33558.  While the home was previously listed for $2.3M, it will sell at auction on July 24^th with a starting bid of only $1.65M.  Sound like a far cry from the “business-as-usual” method of selling homes?  That’s because it is.

Many sellers ask themselves, “Why do real estate auctions have such tremendous success?” Well, if you speak to a reputable auction firm, they will tell you that auctions have such high levels of success because auction firms know how to reach the buyers that are interested in particular properties.  And logic dictates that if the potential purchasers reached are purchasers that specifically want your particular house, then when they arrive on auction day, they will compete against each other to get it.  Competition then inevitably drives up the purchase price.

Now, auctions are also where real estate meets reality.  The true market value of a home is where the bidders stop bidding. This particular Lutz, Florida home is a magnificent custom home that comes with the finest finish level and upgrades available. The home has 8,201 square feet, including five bedrooms, plus a den and a workout room off of the master bath. Travertine stone floors and granite or marble counter tops throughout.  The home boasts water and conservation views and has a resort sized pool.  So on July 24, 2013 at 1:00 p.m., the Auction will be conducted online.  And this seller will seize the day, while the rest of us wait and hope for an offer.

AUCTION DETAILS: This magnificent property is being auctioned, and now is the opportunity to name the price and own this magnificent estate at a tremendous value. The auction will take place online on July 24, 2013. The minimum bid is $1,650,000.00. A ten percent (10%) Buyer’s Premium will be added to the winning bid amount to calculate the final purchase price. The winning bidder must close on the property by August 24, 2013. The property is sold AS IS, without any contingencies. A $25,000.00 initial deposit or certified check is required. The initial deposit is credited towards the winning bidder’s ten percent (10%) total down payment due at the time of the auction. If you are not the winning bidder, then the initial deposit will be refunded after the auction.

PRE-AUCTION OFFERS: Interested parties may submit a pre-auction offer. In the event the seller accepts a pre-auction offer, the auction will be cancelled and registered bidders will be notified.

ABOUT LUTZ, FLORIDA: From http://www.lutzflorida.org/ - A shrinking oasis from the chaos and turmoil of urban life, and the traffic and uniformity of boilerplate suburbia. Here, green is the color of the day. Lush, wide open fields and rich dense woodlands. Not, as some surmise, the "feel" of openness and spaciousness, but the real thing, with lazy winding roads and lanes that sway around lakes with interconnecting canals and natural ponds. Beautifully pristine Florida wetlands teeming with an array of birds and wildlife, with the occasional glimpse of a bobcat, fox, or deer.

For more details on this luxury auction, please visit BlackstoneAuctions.com or call 1.866.970.7300.

ABOUT BLACKSTONE AUCTION GROUP: Blackstone specializes in exclusively auctioning luxurious, non-distressed real estate, both residential and commercial. Blackstone's past clients include professional athletes, Fortune 500 executives, and celebrities. Whether you are selling a commercial building, a mountain chalet, an oceanfront estate or an urban marquee condominium, Blackstone Auction Group understands how to effectively reach the purchasers of these prestigious properties, and deploys innovative marketing solutions to maximize the value of each auction property.  The firm's principal has closed millions in luxury real estate auction sales, and the firm specializes in luxury assets in excess of $1 million. Contact Blackstone at 1.866.970.7300, info@BlackstoneAuctions.com or visit http://www.BlackstoneAuction.com