COLUMBUS, Ohio, Sept. 18, 2021 /PRNewswire-PRWeb/ -- Real
estate auctions, typically used by lenders, hedge funds,
corporations, law firms and the Courts for decades are becoming
more mainstream as traditional real estate listings are seeing
multiple offer scenarios across the
United States. Auctioneers have found that, in a strong
market where multiple offers are the norm, auction sales are
producing premium prices.
Gryphon USA President,
Richard Kruse, outlines that how
auction format puts everyone on the same playing field and provides
transparency to the traditional sale process which is normally
shrouded in "offer secrecy". "In an auction, everyone knows the
terms, everyone is using the same contract and bidding is out in
the open. The only factor is who will pay the most money on auction
day", said Kruse.
In the past eight months, Gryphon has sold over 300 homes at
auction and is conducting sales around the country. Recently sales
concluded in West Virginia and
Florida with others coming up in
Mississippi and Alabama.
While many sales are in the lower price points, Gryphon has sold
property in the last 3 years up to $3,500,000 and is in the process of offering one
asset that is expected to hammer down at close to $1,000,000.
"Premium properties do incredibly well at auction as it is
difficult to put a price tag on someone's custom home, unique
building or farm. 8002 Cook-Jones Road, Waynesville, OH 45068 is a perfect example."
The 3500 SF custom home is only 80 constructed and still needs
finishes. It sits on over 17 acres and comes with a 6,000 SF pole
barn/office/man cave. Kruse says the auction will establish the
true market value.
For more information on the Cook-Jones home, or any of the assets offered by
Gryphon, visit http://www.gryphonusa.com.
Reach Richard Kruse at
rfk@gryphonusa.com or 614-774-4118
Media Contact
Richard Kruse,
rfk@gryphonusa.com, +1 614-774-4118, rfk@gryphonusa.com
Richard Kruse, Gryphon
USA & Gryphon Realty,
614-774-4118, rfk@gryphonusa.com
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SOURCE Gryphon