The bank-owned auction includes three home sites, ranging from an acre to 1.57 acres, located [...]]]> There’s only one week left in the online auction for 16 bank-owned luxury custom home sites in the exclusive Reno community of Somersett, and buyers are gearing up to make competitive bids in hopes of landing one of these prime lots.

The bank-owned auction includes three home sites, ranging from an acre to 1.57 acres, located in Eagle Chase, one of Somersett’s premier gated communities, with the other thirteen home sites, ranging in size from 0.45 acres to more than five acres, residing in the gated community of Champion Hills. Many of the home sites feature unmatched views of the nearby golf course and surrounding mountains.

Nestled at the base of the Sierra Nevada Mountain Range in west Reno, Somersett delivers the best of both worlds: the peace and privacy of a secluded suburban neighborhood, all just a short drive away from the vibrant city life of Reno. This award-winning golf community features two golf courses designed by U.S. Open Champion Tom Kite, a 9-hole course available to all residents and an 18-hole course for members of the private Somersett Country Club. For non-golfers, Somersett offers over 27 miles of paved and natural hiking and biking trails amid rolling hills and wandering rivers. In addition, residents of this expansive community enjoy exclusive access to The Club at Town Center, a luxurious, $9 million facility that includes an aerobics studio, a state-of-the art gym, basketball court, massage room, two spas, and three junior Olympic-size pools, as well as a Kids Corner and Teen Club.

Interested bidders are encouraged to visit www.LFC.com/882R2 to view important property documents and disclosures and conduct due diligence prior to bidding. The bid deadline is July 29, 2010.

Our LFC auction in Reno, Nevada is picking up steam, and the seller has decided to move 5 of the 7 properties into our open online bidding format. The Bid Deadline also extended into Wednesday, December 16th, at 5:00 PM PST as the auction continues .

Generally, auctions open in a Sealed [...]]]>

Our LFC auction in Reno, Nevada is picking up steam, and the seller has decided to move 5 of the 7 properties into our open online bidding format. The Bid Deadline also extended into Wednesday, December 16th, at 5:00 PM PST as the auction continues .

Generally, auctions open in a Sealed Bid format. much like what one would find at a silent auction. Then, as market demand increases, the seller has the option to move the auction into the open bid format, allowing everyone to view the bid history and current high bids. Here are some properties that were recently moved to open bidding on our commercial real estate auction site, LFC.com:

-Online Bidding Status-

Current High Bid: LFC # 805-1: $159,000 (click here to view details)
Current High Bid: LFC # 805-2: $165,000 (click here to view details)
Current High Bid: LFC # 805-3: $187,500 (click here to view details)
Current High Bid: LFC # 805-4: $161,600 (click here to view details)
Current High Bid: LFC # 805-6: $102,500 (click here to view details)

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

This extension of the Bid Deadline allows interested bidders a final opportunity to place offers on homesites within the luxury community [...]]]> After receiving another bid on a property for the Whispering Pines auction of six homesites and development land in Reno, NV, the Bid Deadline was extended until today at 5:00 PM PST.

This extension of the Bid Deadline allows interested bidders a final opportunity to place offers on homesites within the luxury community of Caughlin Ranch.

Two properties have been moved from Sealed Bidding into an Online Bidding format, similar to what one might find at eBay.com. Now the highest bids are visible to the public on the auction event web page.

Go to LFC.com to check out which of these properties will sell in this online real estate auction.