http://blog.greatrock.com Premium Real Estate Auction Services Wed, 19 May 2010 21:24:56 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://blog.greatrock.com/2010/05/the-demise-of-the-ultra-high-end-residential-market/comment-page-1/#comment-124 ART Wed, 19 May 2010 21:24:56 +0000 http://blog.greatrock.com/?p=62#comment-124 I couldn't agree more. As an agent for ultra-high-net-worth clients I've found that buyers in this niche market frequently overlook properties until significant (and numerous) price reductions have been made. Whether it's an additional interested party or an anxious seller, some sort of impetus is necessary to coax an offer from today's luxury buyers. Auction services certainly represent an attractive option for sellers of high-end real estate: the expedited bid process and immediacy of sale provide the impetus for able and willing buyers. I couldn’t agree more. As an agent for ultra-high-net-worth clients I’ve found that buyers in this niche market frequently overlook properties until significant (and numerous) price reductions have been made. Whether it’s an additional interested party or an anxious seller, some sort of impetus is necessary to coax an offer from today’s luxury buyers. Auction services certainly represent an attractive option for sellers of high-end real estate: the expedited bid process and immediacy of sale provide the impetus for able and willing buyers.

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