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FOR IMMEDIATE RELEASE
Cleveland, Ohio – July 30th, 2009 -- Realty Corporation of America announced today successful absolute auctions of the properties located on W 56th and W 44th Street in Cleveland, Ohio. Absolute auctions mean that the properties were sold to the highest bidder regardless of price. Both of these homes are in move in ready condition and have been tastefully updated. The Buyer of the multifamily home on W56th Street purchased the property with a tenant already in place - providing instant cash flow!
“Realty Corporation of America Auctions Services has seen explosive growth in our auction business” said Buddy Barton, Lead Auctioneer for Realty Corporation of America. “A total of fifteen qualified registered bidders were present between both of these auctions and all competed for this great investment opportunity.”
“Our auctions are delivering results for our clients! 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 Sarah Brewer, Director of Business Development for Realty Corporation of America.
With Corporate Headquarters in the Historic Superior Building in Downtown Cleveland, 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 auction services division offers our clients the fastest and most efficient way of selling real estate. 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. Additional information about Realty Corporation of America can be found online at realtycorpofamerica.com.
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