Colorado Dream House Team is Holding a Reverse Auction

(Newswire.net — September 13, 2015) Centennial, CO –In local news, a luxury real estate team is taking a rather unique approach to selling a remarkable mountain property. The group is appropriately called the Colorado Dream House Team and they’ve just announced the opportunity for people to bid on this heavenly home in what they are calling a “reverse auction”.

 

The team, which is part of Keller Williams Realty, has chosen an intriguing way to build buying interest in this listing. They’ve created an opportunity for buyers to bid on the home as the price drops in $150,000 increments every three days until it is finally sold. The featured property is a truly exceptional mountain retreat that has a listing price of $3,950,000, but considering the way in which they’re selling it, that price could potentially drop dramatically.

 

Much different from a traditional auction where interested buyers increase their bids in competition with each other, the price in a reverse auction actually allows buyers to watch and wait for the price to go down. Then if and when it reaches a number they want to buy at, they can announce their offer.

 

In regards to the unusual strategy the team is taking, broker Dan Polimino recently stated, “It’s a bit like watching the stock market fall and deciding when to buy shares of a blue-chip stock before the price goes back up, or in this case another buyer jumps in and steals the chance to own this singular Colorado mountain property.”

 

The construction of the spacious contemporary home was completed in 2001 by Alexander Gorlin, a well-known New York City architect. In fact, the property was actually included in a 2002 book by Catherine Slessor entitled “100 of the World’s Best Houses.” So, since it’s a house that has landed on this kind of list, the listing may not last too long.   

 

There will be a Press Conference held today, September 14^th, at 10:30 a.m., at which time, features of the 11,473 sq. ft. home will be discussed and details about the reverse auction are to be further explained. Following that, members of the media will be invited to take a tour of the property, which is located at 918 Northridge Court in Golden’s Genessee community.

 

The Colorado Dream House Team is a group of ten professionals who sell over 100 homes every year by using creativity and ingenuity in their marketing techniques. They are a specialized division of Keller Williams Realty, and their office is located at 6300 S. Syracuse Way in Centennial. Visit http://www.itwillbesold.com in order to learn more and be sure to click on the picture above if you’d like to take a virtual tour of the featured property.