Sunday, April 18/10
Bankruptcy Auction Exceeds Expectations By 81%
Bankruptcy Auction Exceeds Expectations By 81%United Country
April 18, 2010 (Columbus, OH.) United Country Gryphon Realty & Auction Group of Columbus, Ohio conducted three Absolute Auctions of residential real estate on April 17, 2010 and exceeded expected sales prices up to 81%.
The first sale of the day was 2658 Melane Dr., in Grove City and sold for $104,500 versus the Sellers expected sale price of $65,000.
Other properties sold on the nationally recognized National Auctioneers Day were 4344 Valley Quail Blvd., Westerville, OH at a price of $83,000 versus an expected recovery of $70,000 and 3239 Summerdale Ave., Hilliard OH selling at $36,000 versus an expected sale price of $20,000.
Everything fell into place and worked perfectly according to plan said Rich Kruse, president of United Country Gryphon Realty & Auction Group. Our client allowed the properties to sell Absolute and Regardless of price and they were in desirable locations. We generated interest in both the investor and consumer buyer markets and had a wonderful response from local Realtors.
The properties were sold by Columbus based attorney Myron Terlecky in his capacity as a Chapter 7 Bankruptcy Trustee. We are thrilled with the sales prices he stated prices quickly reached levels we hoped for and bids kept going up.
United Country Ohio Realty & Auction Group is the Central Ohio affiliate of the largest fully integrated network of conventional real estate and auction real estate professionals in the United States. Based the Polaris Area of Columbus, Ohio, the company is a subsidiary of Gryphon USA, Ltd., a multi-faceted asset management and liquidation firm focusing on the operations and dissolution of single assets through and including entire companies. The company maintains a real estate brokerage practice, auction group, property management division and appraisal division. Co-founders Richard and Melissa Kruse also regularly hold engagements as court appointed receiver throughout Ohio.
|
|
