As an alternative choice to a traditional real estate sale, online auctions can be especially effective for sellers wanting to dispose of their property but are not willing to chase the market. An auction creates a trading platform that brings the buyer and seller together in such a way that depth of market emerges and fair market value is realized.

“With properties similar to this RV Park, an online auction appeals to buyers, both local and out of state, because of its convenience and the fair and open bidding conditions”, said LFC’s Director of Operations Ryan Devin. “It also gives the seller a way to gauge market demand and make an informed decision based upon the bids received.”

Located about 40 miles north of Bakersfield along Interstate 5 and Paso Robles Highway 46 is the Lost Hills RV Park, a welcomed pit stop for road warriors and the newest auction on the Lost Hills RV Park sits on over 9 acres with 80 pads and the following amenities:

• Swimming pool
• Convenience and supply store
•  Playground
• Dog walk area
• Horse motel
• Deluxe showers
• Laundry facilities

As with all of the auctions on the Freedom Realty Exchange website, property research, due diligence and even bidding are conducted completely online, removing the need to spend hours in a crowded ballroom with all the unwanted pressure and intimidation that comes with a traditional outcry auction. Interested buyers can view property and auction documents by visiting FRE.com/112L1. Bids must be submitted by December 1st.

The auction’s minimum bid starts at $249,000,  a fraction of the property’s $640,000 suggested value, but the major head-turning feature is the fact that the action also has no reserve! I know some of you might be asking “how does this sweeten the deal?” or “what’s a reserve?” so, in short, not having a reserve means that the property must sell.

When a property is being offered “with reserve,” it means that the seller is not obligated to accept the highest bid unless it meets or exceeds a predetermined release price. So, in this particular online auction, when the auction is being held “without reserve,” the seller will be obligated to move forward with the winning high bidder. Got it? O.k. great.  Now on your marks. Ready. Set. BID (excuse the car/racing pun)! because this could be your only chance to pick up this asset at an incredible value.

For all of the online auction details, documents and photos, check out the auction webpage at FRE.com.

The property owner is highly motivated to sell and has set an aggressive Minimum Bid and Bid Deadline, making the auction a great opportunity to pick up this asset at a fraction of the previous list price. 

For more information please visit the auction webpage, www.FRE.com/1093-1. Below is some general information regarding the auction:

Sunol, CA 94586 Minimum Bid: $1,950,000 Bid Deadline: Apr 21, 2011 5:00pm PDT A Historic 8.54+ acre estate nestled in the beautiful Sunol Canyon. The estate is located less than an hour from San Francisco and only 20 minutes from the Silicon Valley. For more details, please visit: www.FRE.com/1093-1

]]> http://www.commercialauctionlistings.com/2011/03/29/online-auciton-for-a-bank-owned-historic-estate/feed/ 0 http://www.commercialauctionlistings.com/2010/05/11/first-never-lose-a-listing-auction-successful/ http://www.commercialauctionlistings.com/2010/05/11/first-never-lose-a-listing-auction-successful/#comments Tue, 11 May 2010 18:29:37 +0000 cflynn http://www.commercialauctionlistings.com/?p=906 The Never Lose a Listing® program is the newest addition to the LFC Group of Companies’ online auction platform, and we would like to highlight the first success story from this program for real estate professionals. If you missed our first post about Never Lose a Listing®, I’ll bring you up to speed on how the program works.

Never Lose a Listing® is aimed at commercial real estate professionals who want to utilize LFC’s online auction technology at no cost while keeping 100% of their sales commission. Real estate professionals looking to diversify their marketing strategies can use this program to build and run their own online auction campaigns, helping them capture buyer attention in today’s saturated commercial market. Participants in the program manage all of their online auctions while keeping a close watch on their prospects through the platform’s detailed prospect management tools.Furthermore, prospective buyers are directed to the broker’s exclusive landing page as participants market their listings independently from LFC.

One of the first real estate professionals to auction commercial property with this program generated a tremendous amount of buyer attention by utilizing LFC’s marketing tools, and in return, received multiple bids on the property. The auction was originally scheduled to end on April 29th, 2010, but the seller elected to invoke LFC’s patent-pending bid extension process, LAST CALL®, and the frenzy of competing buyers kept the auction going for an additional six days. In previous posts, I’ve explained how the extra time afforded by LAST CALL® protects bidders from unfairly losing the auction and allows them extra time to deliberate through their due diligence. Needless to say, the bidders might never have found their way to the online auction if not for the broker’s persistent use of LFC’s marketing tools.

One such cost-effective tool is auction signage. With Never Lose a Listing®, participating brokers can purchase the same signage that has proven remarkably effective throughout LFC’s storied history. Each auction sign, as well as all marketing fliers generated by the system, feature a unique URL that takes interested buyers directly to the auction property’s webpage, where prospects can view more property details and photos and perform extensive due diligence prior to placing a bid. Signage is one of the most cost effective and successful forms of marketing an online auction, and LFC streamlines the process, allowing brokers to focus on what they do best.

We expect this broker to capitalize on the opportunity to continue using LFC’s online auction technology in the near future, and we hope that his new auctions are as successful as this one. For more information about this program, visit LFC.com/NLL now.

Related Articles

• LFC Expands Program, Invites Brokers to Use Online Auction Platform at No Cost
• Online Auction in Orland Comes to an End
• Columbus, Ohio Bidding Frenzy
• Another LFC Property Moved to Online Bidding!
• LAST CALL for the Online Auction in Peoria, Arizona

A little bit about Pixley: The quaint town of Pixley, in Tulare County, is centrally located in California’s Central Valley. Pixley is just 25 miles away from the county seat of Visalia, widely renowned as the economic center of the Sequoia Valley region, the most productive single agricultural area in the country. Bustling Bakersfield is less than 50 miles away, while the drive to Los Angeles takes less than three hours. Tulare County itself is home to many natural wonders, including Sequoia National Park and parts of Kings Canyon National Park.

This land parcel has plenty of potential from residential development to farming. Although the entitlement process was started there is not an approved tentative map.

Feel free to check out the online auction for more photos and information at LFC.com before the bid deadline on 12/10/2009.

*****

About this author: Casey Flynn is the Communications Manager for the LFC Group of Companies. He also coauthors on ResidentialRealEstateAuctions.com and RealEstateNoteAuctions.com

Property Details:

Size: 2 Stories / 2,093 sq ft
Location: Livermore California
Suggested Value: $935,000
Minimum Bid: $307,000

Vineyard Hills is a brand new development, recently completed on January 15th 2009. The units are ready for immediate occupancy, with a 1 year contractor’s warranty. The condos are ideal for a wide variety of uses including, but not limited to: finance, insurance, contracting, laboratories, consulting, brokerage, architecture, engineering, sales, R&D, legal, distribution, manufacturing and many more. Your work place should be as pleasant; i.e. enjoyable, comfortable, peaceful, attractive, economical, etc, as your home. Vineyard Hills is not just an address, it is an experience.

View Full Property Details: Livermore California Commercial Condos For Sale