The Cottages & Laguna Terrace Auction - Opening Bids from $79,000
Twenty-two single family homes will be auctioned off at The Peppermill Hotel Casino on Sunday October 4, 2009. Opening bids begin at $89,000. Silverwing Development becomes the first developer in Northern Nevada to employ SOLD2U to reduce it’s standing inventory. This innovative effort will allow the developer to sell out and substantially reducing carrying costs, marketing time and exposure to vacancy liabilities. The auction generates a sense of urgency through a time defined sales process, creating excitement and competition among prospective buyers, even in a slow market.
By attracting financially pre-qualified and committed buyers who are ready and prepared for a quick close, Silverwing Development expects the market to deliver a fair price for great homes. “The auction certainly puts the power in the hands of the buyers,” says Deborah Stevens, representative for Accelerated Marketing Partners, an affiliate of SOLD2U. “Events such as this, bring buyers and developers together in tough economic times and prove that win-win scenarios do in fact exist in the current downturn,” said Jon Gollinger, co-founder and east coast CEO of Accelerated Marketing Partners. SOLD2U is a national full-service marketing firm specializing in the development and implementation of accelerated sales and marketing programs
All bidders are required to be pre-qualified with a Seller’s Preferred Lender, either Bank of America or MetLife Home Loans, prior to the Auction, including those Bidders who wish to use another lender for their purchase. Registration is required to attend the auction.
