Carmel Valley Auction

[Doofrat]

Driving through Carmel Valley past the hordes of red spinning Andalucia signs, I noticed a new one. Easily hypnotized by their savvy marketing technique, I immediately went online to check it out.
Looks like The Heights in CV is turning to an auction to get rid of 32 units. Starting bids at $199,000.

http://www.auctionredcnow.com/auction_details.php?auctionID=D-011

[Coronita]

Thanks for sharing doofrat.

 

Since this in my neck of the woods, I'll be attending.

 

I'm doubt there will truely be any deals though…Checking out the FAQ. It seems like

1) You have no contiengencies, even financing contigency.

2) Auction house adds 5% to final sale price

 curious to see what things end up at though. I'll go and post the results.

 

 

Ans. Yes, yes, yes! We feel that the only way for you to make an informed purchasing decision is to not only visit, view and inspect the property prior to the auction, but to also view all the related property information and disclosure documents. By registering and bidding at the auction, you are certifying and representing that you have not only viewed the property prior to bidding, but have reviewed and accepted all relevant property information and disclosures.
Ans.REDC’s designated lenderwill be offering competitive financing terms "On the Spot". Lender representatives will be available immediately after your winning bid to choose the financing option that's right for you! You can also "Pre-Qualify" here online by checking the pre-qualification box on the Bidder Registration Form. Remember, we offer down payments as low as 4% and there are absolutely no pre-payment penalties on any of our loans.

Ans. You are free to use your own lender…BUT, if you choose to utilize a third-party lender (a lender other than those designated by the sellers) there is no contingency for financing and failure to gain approval within the specified escrow time-frame may result in liquidated damages. We encourage you to utilize the Designated Lenders due to their experience as a large, nationwide company who specializes in helping anyone…from the first-time buyer, to the sophisticated investor.

Ans. The 5% Buyers Premium is used to help the Auction Company promote the auction through multiple mass-media outlets such as Television, Radio and Direct Mail, without having to pass on all those costs to the Seller. It is a standard practice utilized by many major auction companies.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Thanks for sharing doofrat.

 

Since this in my neck of the woods, I'll be attending.

 

I'm doubt there will truely be any deals though…Checking out the FAQ. It seems like

1) You have no contiengencies, even financing contigency.

2) Auction house adds 5% to final sale price

 curious to see what things end up at though. I'll go and post the results.

 

 

Ans. Yes, yes, yes! We feel that the only way for you to make an informed purchasing decision is to not only visit, view and inspect the property prior to the auction, but to also view all the related property information and disclosure documents. By registering and bidding at the auction, you are certifying and representing that you have not only viewed the property prior to bidding, but have reviewed and accepted all relevant property information and disclosures.
Ans.REDC’s designated lenderwill be offering competitive financing terms "On the Spot". Lender representatives will be available immediately after your winning bid to choose the financing option that's right for you! You can also "Pre-Qualify" here online by checking the pre-qualification box on the Bidder Registration Form. Remember, we offer down payments as low as 4% and there are absolutely no pre-payment penalties on any of our loans.

Ans. You are free to use your own lender…BUT, if you choose to utilize a third-party lender (a lender other than those designated by the sellers) there is no contingency for financing and failure to gain approval within the specified escrow time-frame may result in liquidated damages. We encourage you to utilize the Designated Lenders due to their experience as a large, nationwide company who specializes in helping anyone…from the first-time buyer, to the sophisticated investor.

Ans. The 5% Buyers Premium is used to help the Auction Company promote the auction through multiple mass-media outlets such as Television, Radio and Direct Mail, without having to pass on all those costs to the Seller. It is a standard practice utilized by many major auction companies.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Thanks for sharing doofrat.

 

Since this in my neck of the woods, I'll be attending.

 

I'm doubt there will truely be any deals though…Checking out the FAQ. It seems like

1) You have no contiengencies, even financing contigency.

2) Auction house adds 5% to final sale price

 curious to see what things end up at though. I'll go and post the results.

 

 

Ans. Yes, yes, yes! We feel that the only way for you to make an informed purchasing decision is to not only visit, view and inspect the property prior to the auction, but to also view all the related property information and disclosure documents. By registering and bidding at the auction, you are certifying and representing that you have not only viewed the property prior to bidding, but have reviewed and accepted all relevant property information and disclosures.
Ans.REDC’s designated lenderwill be offering competitive financing terms "On the Spot". Lender representatives will be available immediately after your winning bid to choose the financing option that's right for you! You can also "Pre-Qualify" here online by checking the pre-qualification box on the Bidder Registration Form. Remember, we offer down payments as low as 4% and there are absolutely no pre-payment penalties on any of our loans.

Ans. You are free to use your own lender…BUT, if you choose to utilize a third-party lender (a lender other than those designated by the sellers) there is no contingency for financing and failure to gain approval within the specified escrow time-frame may result in liquidated damages. We encourage you to utilize the Designated Lenders due to their experience as a large, nationwide company who specializes in helping anyone…from the first-time buyer, to the sophisticated investor.

Ans. The 5% Buyers Premium is used to help the Auction Company promote the auction through multiple mass-media outlets such as Television, Radio and Direct Mail, without having to pass on all those costs to the Seller. It is a standard practice utilized by many major auction companies.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Thanks for sharing doofrat.

 

Since this in my neck of the woods, I'll be attending.

 

I'm doubt there will truely be any deals though…Checking out the FAQ. It seems like

1) You have no contiengencies, even financing contigency.

2) Auction house adds 5% to final sale price

 curious to see what things end up at though. I'll go and post the results.

 

 

Ans. Yes, yes, yes! We feel that the only way for you to make an informed purchasing decision is to not only visit, view and inspect the property prior to the auction, but to also view all the related property information and disclosure documents. By registering and bidding at the auction, you are certifying and representing that you have not only viewed the property prior to bidding, but have reviewed and accepted all relevant property information and disclosures.
Ans.REDC’s designated lenderwill be offering competitive financing terms "On the Spot". Lender representatives will be available immediately after your winning bid to choose the financing option that's right for you! You can also "Pre-Qualify" here online by checking the pre-qualification box on the Bidder Registration Form. Remember, we offer down payments as low as 4% and there are absolutely no pre-payment penalties on any of our loans.

Ans. You are free to use your own lender…BUT, if you choose to utilize a third-party lender (a lender other than those designated by the sellers) there is no contingency for financing and failure to gain approval within the specified escrow time-frame may result in liquidated damages. We encourage you to utilize the Designated Lenders due to their experience as a large, nationwide company who specializes in helping anyone…from the first-time buyer, to the sophisticated investor.

Ans. The 5% Buyers Premium is used to help the Auction Company promote the auction through multiple mass-media outlets such as Television, Radio and Direct Mail, without having to pass on all those costs to the Seller. It is a standard practice utilized by many major auction companies.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Thanks for sharing doofrat.

 

Since this in my neck of the woods, I'll be attending.

 

I'm doubt there will truely be any deals though…Checking out the FAQ. It seems like

1) You have no contiengencies, even financing contigency.

2) Auction house adds 5% to final sale price

 curious to see what things end up at though. I'll go and post the results.

 

 

Ans. Yes, yes, yes! We feel that the only way for you to make an informed purchasing decision is to not only visit, view and inspect the property prior to the auction, but to also view all the related property information and disclosure documents. By registering and bidding at the auction, you are certifying and representing that you have not only viewed the property prior to bidding, but have reviewed and accepted all relevant property information and disclosures.
Ans.REDC’s designated lenderwill be offering competitive financing terms "On the Spot". Lender representatives will be available immediately after your winning bid to choose the financing option that's right for you! You can also "Pre-Qualify" here online by checking the pre-qualification box on the Bidder Registration Form. Remember, we offer down payments as low as 4% and there are absolutely no pre-payment penalties on any of our loans.

Ans. You are free to use your own lender…BUT, if you choose to utilize a third-party lender (a lender other than those designated by the sellers) there is no contingency for financing and failure to gain approval within the specified escrow time-frame may result in liquidated damages. We encourage you to utilize the Designated Lenders due to their experience as a large, nationwide company who specializes in helping anyone…from the first-time buyer, to the sophisticated investor.

Ans. The 5% Buyers Premium is used to help the Auction Company promote the auction through multiple mass-media outlets such as Television, Radio and Direct Mail, without having to pass on all those costs to the Seller. It is a standard practice utilized by many major auction companies.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[jpinpb]

I did a little research and I guess DH Horton was the builder of La Boheme, which was auctioned by REDC, the same people auctioning The Heights in CV.
The numbers that I saw, people were picking up property for 25% less than the orig. sales price. Maybe one can pick up something in The Heights for 25% less. Of course La Boheme auction was near the end of 2007 and I think the market has slowed a little more since then, although they are trying to jump start it w/lowering interest rates

[jpinpb]

I did a little research and I guess DH Horton was the builder of La Boheme, which was auctioned by REDC, the same people auctioning The Heights in CV.
The numbers that I saw, people were picking up property for 25% less than the orig. sales price. Maybe one can pick up something in The Heights for 25% less. Of course La Boheme auction was near the end of 2007 and I think the market has slowed a little more since then, although they are trying to jump start it w/lowering interest rates

[jpinpb]

I did a little research and I guess DH Horton was the builder of La Boheme, which was auctioned by REDC, the same people auctioning The Heights in CV.
The numbers that I saw, people were picking up property for 25% less than the orig. sales price. Maybe one can pick up something in The Heights for 25% less. Of course La Boheme auction was near the end of 2007 and I think the market has slowed a little more since then, although they are trying to jump start it w/lowering interest rates

[jpinpb]

I did a little research and I guess DH Horton was the builder of La Boheme, which was auctioned by REDC, the same people auctioning The Heights in CV.
The numbers that I saw, people were picking up property for 25% less than the orig. sales price. Maybe one can pick up something in The Heights for 25% less. Of course La Boheme auction was near the end of 2007 and I think the market has slowed a little more since then, although they are trying to jump start it w/lowering interest rates

[jpinpb]

I did a little research and I guess DH Horton was the builder of La Boheme, which was auctioned by REDC, the same people auctioning The Heights in CV.
The numbers that I saw, people were picking up property for 25% less than the orig. sales price. Maybe one can pick up something in The Heights for 25% less. Of course La Boheme auction was near the end of 2007 and I think the market has slowed a little more since then, although they are trying to jump start it w/lowering interest rates

[NotCranky]

1) You have no contiengencies, even financing contigency.

Seems like this could tend to depress sales prices by making the pool of buyers smaller.

[NotCranky]

1) You have no contiengencies, even financing contigency.

Seems like this could tend to depress sales prices by making the pool of buyers smaller.

[NotCranky]

1) You have no contiengencies, even financing contigency.

Seems like this could tend to depress sales prices by making the pool of buyers smaller.

[NotCranky]

1) You have no contiengencies, even financing contigency.

Seems like this could tend to depress sales prices by making the pool of buyers smaller.

[Author]

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