|By PR Newswire||
|December 7, 2012 01:40 PM EST||
NEWPORT BEACH, Calif., Dec. 7, 2012 /PRNewswire/ -- A real Orange County desperate housewife launches new real estate auction website, Auction By Homeowner®, (ABH), while putting her previously priced $6 million Newport Beach, luxury ocean view property at 2215 Pacific Dr., CDM, CA, 92625, live on the auction block, starting at $2.5M on Dec.16th, as its first client.
Christi Bettingen, Founder and President of ABH explains, "Through the Auction By Homeowner® website, sellers will soon have the option of directly listing their property for auction at substantially reduced rates; or simply contracting additional services as needed from an ala' carte menu ranging in discounted marketing services, advertising and promotional templates; to various back office services such as, property valuations, buyer relations, consulting, or a live/on-line auction, if desired.
National averages report that many properties scheduled to go to auction, are sold during the pre-auction period. Bettingen reveals, "Given those odds, many homeowners may not want to commit to the typical full range auction program initially and may be more attracted to the do-it-yourself or staggered approach that ABH can offer with savings up to 30% to 50%."
Bettingen explains, "Having interviewed numerous top level auction companies, I was astounded at the large fees involved. Most will charge non-refundable marketing fees that can cost 10's of thousands of dollars paid up front, regardless if the property sells or not, or is sold in the pre-auction phase. Additionally, auction companies also charge a buyer's premium or buyer's tax, which is paid by the buyer on top of the final sales price. Between all these fees, the auction house could receive 10%-11% of the sales price. To me on a $6M sale, a broker's commission of $600k seemed outrageous!"
Coleen Brennan of Prudential CA Realty said, "Auctioning a property can offer many advantages for some folks ready to get on with their lives. Every day we see property values drop as Days-on-Market accrue; opportunistic buyers wait and watch and frustrated property owners continue to lower prices. Thousands of sellers are hit with low ball offers, and sometimes unscrupulous buyers will change deal terms once in escrow."
Veteran auction consultant, Todd Good, of Accelerated Marketing Group claims, "Auctions can be a great alternative for encouraging a more rapid sale of a property. They can provide a larger pool of prequalified buyers, create competition in the market, and trigger an immediate sale, often by people who were already interested in the property," he explains. "Selling a home through auction, eliminates all contingencies and results in a successfully completed transaction in almost 95% of the cases once the winning bidder pays the non-refundable deposit which is 3% to 10% of the sale price, dependent on the state," Mr. Good added.
Statistics indicate that sales of residential real estate at auction grew by more than 47 percent from 2003 to 2008, according to the National Auctioneers Association, with a growing demand within the luxury markets.
Now a believer, Mrs. Bettingen said, "Auctions can also be a good way of eliminating the constant negotiating, not only in terms of the back and forth offers given by buyers, but the tension that often occurs amongst married couples who may disagree on selling price." Tired of the prolonged process of intrusive open houses and the market volatility, this desperate housewife is now ready to move on with the, "Auction by Homeowner"® program. Mrs. Bettingen reflects, "Sometimes out of a seemingly somewhat "darkest hour" experience, we are often led to new opportunities to create something even greater in our lives, beyond our wildest imaginations."
About the Luxury Property
The Bettingen's Newport Beach bluff-top estate is located adjacent to the famous Irvine family property once listed at $37 million, and features spectacular ocean views, harbor cityscape, bay, and Catalina Island, from all floors of this multi-million dollar award winning property. Nestled on a semi-private street in Corona del Mar's Village, the approx. 4,200 sq. ft., 4 bedrooms, 4.5 bathrooms residence was reconstructed in 2008 with high-end finishes, and unique European marble and granite countertops throughout its stylish open floor plan. This world class, coastal living vacation-like home includes approximately 1,642 sq. ft. of exterior decks, balconies, garden loggia, and outdoor kitchen, for the home entertainer. Affectionately known as Casa Pacifica, this elegant Mediterranean custom home built by Charles Hartwell and exquisitely designed by architect Bill Edwards and interior decorator, Deirdre Eagles, received the 'Best Master Bath' and 'Best Kitchen Design', awards from the American Society of Interior Designers (ASID) and Orange Coast Magazine.
About the Auction
This luxury Newport Beach dream home auctions on December 16th starting at 1:00 p.m. online at www.auctionbyhomeowner.com followed by the live auction at the estate, 2215 Pacific Dr., CA 92625, beginning at 3:00 pm. Formerly listed at $6 million +, the suggested opening bid is $2.5 million. Previews are Saturdays and Sundays from 1-4 p.m. Private showings available by request through Coleen Brennan, Prudential Realty at 949-275-2775. www.auctionbyhomeowner.com or www.amgre.com.
For Further Information:
2102 Business Center Drive, #115J
Irvine, CA 92612
Christi Mottola (949) 478-2037
This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.
SOURCE Auction By Homeowner
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Aug. 25, 2016 10:45 PM EDT Reads: 1,854
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Aug. 25, 2016 10:15 PM EDT Reads: 1,706
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Aug. 25, 2016 09:15 PM EDT Reads: 2,187
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Aug. 25, 2016 09:00 PM EDT Reads: 1,691
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Aug. 25, 2016 08:45 PM EDT Reads: 1,371
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Aug. 25, 2016 06:30 PM EDT Reads: 1,918
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
Aug. 25, 2016 05:15 PM EDT Reads: 643
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Aug. 25, 2016 04:15 PM EDT Reads: 433
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Aug. 25, 2016 03:30 PM EDT Reads: 1,490
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 25, 2016 03:15 PM EDT Reads: 2,216
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 25, 2016 02:00 PM EDT Reads: 3,547
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 25, 2016 01:00 PM EDT Reads: 3,892
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Aug. 25, 2016 01:00 PM EDT Reads: 2,596
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Aug. 25, 2016 12:45 PM EDT Reads: 592
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Aug. 25, 2016 12:15 PM EDT Reads: 3,387