Mortgage And Real Estate News

Sunday, August 2, 2015

Owners turning to auctions to sell their high-end properties

EDWARDS, Colo. (AP) — Bob and Karin Weber built their dream home 14 years ago, creating an 11,000-square-foot mountaintop oasis. Now that the couple is in their 70s, they're ready to downsize and possibly move to nearby Vail.

After trying the traditional list-and-wait method of selling the 35-acre Elk Ridge Ranch, the Webers are putting their estate up for auction, hoping for a streamlined process and a more lucrative result.

Read more... http://www.usnews.com/news/business/articles/2015/08/01/owners-turning-to-auctions-to-sell-their-high-end-properties

Reuters: Business News

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