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Realty Corporation of America Auction Services Division Announces the Successful Absolute Real Estate and Personal Property Auction of
10258 Johnnycake Ridge Road in Painesville, Ohio
FOR IMMEDIATE RELEASE
CLEVELAND, Ohio – November 17, 2009 -- Realty Corporation of America announced today that it sold the property located at 10258 Johnnycake Ridge Road in Painesville, Ohio at an absolute auction on Saturday, November 14th. This well maintained three bedroom, two and a half bath Ranch boasts a walk out basement with fireplace, newer hot water tank and lovely fireplace in large living room. This solid brick home is in need of some cosmetic updating.
Personal household property was also auctioned on site at 1:00 PM on Saturday. Seventeen bidders registered for the auction and the highest bid of $122,000 for the Johnnycake Ridge Road home was announced at 2:20 PM.
Realty Corporation of America also announced today that a comprehensive bidder package is available to anyone interested in receiving a copy. To learn more about this property, or to obtain a bidder packet, kindly contact the Realty Corporation of America Auction Information Center at (216) 522-0020 x 230. Additional information about the home and real estate auctions is available on the web at www.realtycorpofamerica.com.
“Auctions are the fastest and most efficient way of selling real estate. Auctions create urgency on the part of buyers - a date of the sale establishes a clear point at which a buyer must decide if they want to buy a property. With traditional real estate listings, especially in soft real estate markets, there is less urgency on the part of buyers to make an immediate decision. In addition, our energetic and property-specific marketing campaigns capture the attention of qualified buyers throughout America. Finally, our flexible cost structure and willingness to entertain offers prior to the auction allows us to produce results for our clients” said Tony Viola, Auctioneer for Realty Corporation of America.
Realty Corporation of America provides comprehensive marketing, advisory and auction services for residential, commercial and industrial properties. Transcontinental Lending Group, our affiliated mortgage operation, provides customers with access to the most competitive interest rates available on the market, while offering a wide array of innovative and compelling mortgage solutions. Our Property Management Division offers hands on, cost effective and highly energized management while allowing owners to position properties for sale or improve operating performance. Our construction services division allows Realty Corporation of America to offer construction, project management and cost estimating services for residential, commercial and industrial properties throughout North America.
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