|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
Qosmos, the market leader for IP traffic classification and network intelligence technology, has announced that it will launch the Launch L7 Viewer at CloudExpo | @ThingsExpo Silicon Valley, being held November 1 – 3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The L7 Viewer is a traffic analysis tool that provides complete visibility of all network traffic that crosses a virtualized infrastructure, up to Layer 7. It facilitates and accelerates common IT tasks such as VM migra...
Oct. 27, 2016 03:15 PM EDT Reads: 517
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
Oct. 27, 2016 02:30 PM EDT Reads: 582
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Oct. 27, 2016 02:17 PM EDT Reads: 175
As companies adopt the cloud-to-streamline workflow, deployment hasn’t been very seamless because of IT concerns surrounding security risks. The cloud offers many benefits, but protecting and securing information can be tricky across multiple cloud providers and remains IT’s overall responsibility. In his session at 19th Cloud Expo, Simon Bain, CEO of SearchYourCloud, will address security compliance issues associated with cloud applications and how document-level encryption is critical for sup...
Oct. 27, 2016 01:48 PM EDT Reads: 232
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, will draw together recent research and lessons learned from emerging and established ...
Oct. 27, 2016 01:45 PM EDT Reads: 1,590
SYS-CON Events announced today that Cemware 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. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
Oct. 27, 2016 01:45 PM EDT Reads: 987
SYS-CON Events announced today that MathFreeOn 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. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
Oct. 27, 2016 01:45 PM EDT Reads: 1,139
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Oct. 27, 2016 01:45 PM EDT Reads: 3,993
SYS-CON Events announced today that StarNet Communications 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. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Oct. 27, 2016 01:30 PM EDT Reads: 2,269
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Oct. 27, 2016 01:15 PM EDT Reads: 5,080
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service.
Oct. 27, 2016 01:15 PM EDT Reads: 1,198
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, will discuss how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team a...
Oct. 27, 2016 01:15 PM EDT Reads: 831
SYS-CON Events announced today that eCube Systems, the leading provider of modern development tools and best practices for Continuous Integration on OpenVMS, will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. eCube Systems offers a family of middleware products and development tools that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Oct. 27, 2016 01:00 PM EDT Reads: 4,649
Intelligent machines are here. Robots, self-driving cars, drones, bots and many IoT devices are becoming smarter with Machine Learning. In her session at @ThingsExpo, Sudha Jamthe, CEO of IoTDisruptions.com, will discuss the next wave of business disruption at the junction of IoT and AI, impacting many industries and set to change our lives, work and world as we know it.
Oct. 27, 2016 01:00 PM EDT Reads: 366
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
Oct. 27, 2016 01:00 PM EDT Reads: 8,617