Posts Tagged ‘real estate auction’

Steamboat Auction Could Provide Big Savings

Monday, November 26th, 2012

BLOG STORY:  Our client, Kennedy Wilson Auction Group was featured in a story about an upcoming auction on the http://insiderealestatenews.com website.

Thirty luxury condo units in the Trail Lodge in Steamboat Springs will be auctioned on Dec. 15, with starting prices as low as $95,000 on some units.

The fully furnished units previously had been priced from $440,000 to $1.375 million. The starting bid prices at the auction, being conducted by Kennedy Wilson of Beverly Hills, will be as much as 82 percent below the original asking price.

“Trailhead Lodge is the cornerstone of the 47-acre master planned community of Wildhorse Meadows, set in the heart of Steamboat Springs only residential resort neighborhood,” said Rhett Winchell, president of KW Auction Group.

“The unique combination of direct mountain access and unrivaled neighborhood amenities makes this auction the ownership opportunity of a lifetime,” Winchell said.

The 86-unit, six-story  Trail Lodge was completed in 2009. The Bavarian-style building is near the Wildhorse Gondola, providing ski-in, ski-out access.

In the spring, Kennedy Wilson auctioned 39 units for a total of $9.5 million.

“This is a close-out auction,”said Marty Clouser, a senior vice president of the KW Auction Group.

“The seller is using Kennedy Wilson’s pro-active marketing approach to offer and sell the remaining homes at Trailhead Lodge,” Clouser said.

He said the auction represents an “excellent opportunity for someone to purchase a home of their choice at a price they want to pay. The seller benefits by closing out the project at market prices thereby reducing or eliminating ongoing carry costs. It benefits buyers and the seller. This is not a distress sale.”

Units range in size from 461 square feet for a studio to 1,430 square feet for a two-bedroom, two bathroom unit with a den.

Each unit features large private balconies, flat-panel LCD televisions, GE Profile stainless steel appliances, oversized windows, floor-to-ceiling natural stone fireplaces and walnut flooring.

The pool is one of the amenities at the Trail Lodge, where opening bids start at $95,000.

Aesthetic touches include granite, slate, travertine and iron accents.

The auction will be held at 1 p.m. at the Sheraton Steamboat Resort, 2200 Village Inn Court.

Bidders unable to attend the ballroom auction in person can either attend the auction at a satellite location at the Denver Marriott City Center, 1701 California St. in downtown Denver, where they can hear and watch the live auction on a large screen and place bids or place bids through Kennedy Wilson’s Live Online Bidding platform where Kennedy Wilson will broadcast the entire event over the internet with real time audio and video of the live auction.

At the previous auction, parties came came from more than two dozen states and several counties.

“Owners originate from many states including Colorado, Texas, Illinois, Pennsylvania, New Hampshire, Arkansas, California and Rhode Island,” Clouser said.

“It is not unusual in our auctions to have buyers from different states throughout the country…plus international buyers from Asia, South America and Europe. We anticipate similar results for this auction.”

Successful bidders can qualify for as much as a $3,000 credit non-recurring closings costs. The special incentive is detailed in Kennedy Wilson’s auction brochure.

Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.

Luxury Condos Set For Auction December 15th

Sunday, November 25th, 2012

NEWSPAPER STORY:  Our client, Kennedy Wilson Auction Group was featured in a story in the Denver Post about an exciting upcoming Real Estate Auction.

CLICK HERE TO READ FROM SOURCE

CLICK HERE TO READ FROM PDF OR READ BELOW

 

 

Trailhead Lodge Condos Go Up For Auction

Monday, November 19th, 2012

NEWSPAPER STORY:  Our client, Kennedy Wilson Auction Group was featured in a story in Steamboat Today about an upcoming Real Estate Auction o0f condos, in Steamboat Springs, Colorado.

CLICK HERE TO READ FROM SOURCE

CLICK HERE TO READ FROM PDF OR READ BELOW

Real Estate Auction Tips and Tricks

Wednesday, May 16th, 2012

NEWSPAPER STORY: Our client,  KENNEDY WILSON AUCTION GROUP, was featured in a story in the TRIANGLE BUSINESS JOURNAL about an upcoming real estate auction in  Raleigh

Tips – and photos – for the upcoming Ramblewood auction

Triangle Business Journal by Amanda Jones Hoyle, Staff Writer

Date: Monday, May 14, 2012, 2:42pm EDT

Auctioneers are gearing up to sell a dozen townhouse units in the Ramblewood at North Hills neighborhood.

Auctioneers are gearing up to sell a dozen townhouse units in the Ramblewood at North Hills neighborhood.

Staff Writer- Triangle Business Journal
Email

Auctioneers are gearing up to sell 12 townhouse units in the Ramblewood at North Hills neighborhood at a May 19 auction event at the Raleigh Mariott Crabtree Valley Hotel.

For the potential bidders who missed the “How to Buy at Auction” seminar on May 12, here are a few tips from Marty Clouser, senior managing director of the Kennedy Wilson Auction Group, which will be leading the auction.

• Auction of each home will likely last only two to five minutes, so get there early. The auction begins at 12 noon.

• Sit near the front so the auctioneer, Dean Cullum, and his floormen will see you first.

• Live online bidding is also available for pre-qualified bidders.

• Each bidder must pre-register for the auction

• Go out and do your own analysis of what you think the value is. Tour the homes and review all the paperwork related to the purchase.

• Be prepared to bid up to that price.

• Qualified bidders must bring with them all the required paperwork for a sale agreement, as well as a $2,500 cashier’s check made out to Kane Realty Group. A successful bidder then signs over the cashier’s check, plus he or she must write a check for a 3 percent deposit that is put in escrow until the sale is final.

• A minimum auction bid that will be accepted, known as the reserve price, has been set by the seller group. This secret reserve price is usually a number that is between the starting bid price and the previously listed price for the unit.

“A seller can accept a bid, counter the bid or reject it. But 90 percent of the time, the bids are accepted,” Clouser says.

The two-bedroom Ramblewood units that previously had list prices ranging up to $375,000 will have starting bids of $100,000. The larger units that were previously priced from $585,000 to $600,000 will have bids starting at $135,000.

Clouser says the only big difference between buying a home through the traditional sales model and buying through an auction is how the price is decided. “An auction gives a good reflection of the true value,” Clouser says. “It also helps reaffirm the real estate value.”

Amanda Jones Hoyle covers commercial and residential real estate. Follow her on Twitter @TBJrealestate

11 NEW CONDOS & TOWNHOMES GO TO AUCTION

Monday, May 14th, 2012

TV  STORY: Our client, Kennedy Wilson Auction Group was featured in a story about an upcoming Real Estate Auction in  Raleigh.

Squaw Creek condos will be auctioned April 30

Thursday, April 14th, 2011

TV  STORY: Our client, Kennedy Wilson Auction Group was featured in a story about an upcoming Real Estate Auction in  Lake Tahoe

Tahoe ski condos will be auctioned April 30

Wednesday, April 6th, 2011

 

By Robert Lewis
The Sacramento Bee

Seventeen luxury Tahoe condominiums are going up for auction April 30. Starting bids range from $130,000 to $185,000 – well down from the $375,000 to nearly $1 million price tags they fetched during the boom.

Auctioneer Kennedy Wilson, a real estate investment and services company, is auctioning the 17, fully furnished, ski-in, ski-out condos in the Resort at Squaw Creek. The auction begins at 1 p.m. April 30 at 400 Squaw Creek Road, Olympic Valley. Registered bidders can take part online.

Each condo “is impeccably maintained with slate entries, resort-style kitchens, fireplaces, granite vanities, and LCD flat-screen televisions,” and “picture-postcard views,” according to a press release announcing the auction.

There will be a “how to buy” informational seminar at 1 p.m. April 23 at the resort’s auction information office, 400 Squaw Creek Road. To learn more, visit www.ResortatSquawCreekauction.com.

Read more: http://www.sacbee.com/2011/04/06/3530843/tahoe-ski-condos-will-be-auctioned.html#ixzz1JPEfuDlR

Tahoe luxury condos for cheap

Monday, April 4th, 2011
By Robert Lewis
rlewis@sacbee.com

If the recent snow dump has you breaking out the goggles and skis, you might want to consider grabbing the checkbook while you’re at it.

In the category of “one person’s loss is another person’s gain,” 17 luxury Tahoe condominiums are going up for auction April 30. The starting bids range from $130,000 to $185,000 – well down from the $375,000 to nearly $1 million price tags these condos fetched during the boom.

Auctioneer Kennedy Wilson, a real estate investment and services company, is auctioning the 17, fully-furnished, ski-in ski-out condos in the Resort at Squaw Creek. The auction begins at 1 p.m. April 30 at 400 Squaw Creek Road, Olympic Valley. If you can’t attend the auction in person, don’t worry. Registered bidders can take part online.

Each condo “is impeccably maintained with slate entries, resort-style kitchens, fireplaces, granite vanities, and LCD flat-screen televisions. Grand picture windows frame picture-postcard views of ancient Ponderosa pine forests, lush meadowlands and the majestic Sierra Nevada Range,” according to a press release announcing the auction.

There will be a “how to buy” informational seminar at 1 p.m. April 23 at the resort’s auction information office, 400 Squaw Creek Road. To learn more about the auction visit the event website at www.ResortatSquawCreekauction.com.

Read more: http://www.sacbee.com/2011/04/04/3527048/tahoe-luxury-condos-for-cheap.html#ixzz1JPKa5m2d

Resort At Squaw Creek Condos Go To Auction

Friday, April 1st, 2011

 

Resort at Squaw Creek condos available at auction

International real estate investment and services company Kennedy Wilson will auction 17 furnished condominiums at the Resort at Squaw Creek on April 30.

Starting bids on the one- and two-bedroom condominiums range from $130,000 to $185,000. The homes ranged from $374,900 to $965,900 in 2005 when they first went on sale.

The auction also will feature live online bidding available to qualified registered bidders who are unable to attend the auction and have had their auction-registration forms approved. The event will be broadcast over the Internet. To register, visit www.bidkw.com.

Squaw Creek Condos to be auction on April 30th

Wednesday, March 30th, 2011

TV  STORY: Our client, Kennedy Wilson Auction Group was featured in a story about an upcoming Real Estate Auction in  Lake Tahoe