Oregon Home Auction
Buena Vista Custom Homes announced today that it will conduct a second auction of the company’s inventory of completed homes.
52 homes from nine of Buena Vista’s neighborhoods and 18 buildable lots from three different developments in the Portland metropolitan area will be auctioned on Saturday, March 8, 2008 at the Ambridge Event Center in Portland. The bidding will begin at 1:00 pm. Pre-registration for bidders and a complete list of the homes being offered are available online at http://www.auctiontoday.com.
The forthcoming auction will be the second for Buena Vista. The company conducted a well publicized December auction that resulted in 141 homes being sold and over $65 million in sales. The December sale is believed to be the largest two day sale of real estate by one seller in Oregon history.
Buena Vista’s initial auction was held on December 15th and 16th at the Oregon Convention Center in which 228 of the Lake Oswego-based builder’s completed inventory were put up for sale. The two-day sale resulted in 141 homes sold and drew over 2,209 prospective home buyers.
About the Auction:
Date: March 8, 2007
Location: Ambridge Event Center
300 N.E. Multnomah Street
Portland, Oregon 97232
Registration: Will open at 12 PM (Noon)
Auction Start Time: 1:00 PM
52 new homes will be auctioned with starting bids as low as $149,000. Financing will be provided at the auction by Wells Fargo with down payments as low as 5%. Loan pre-qualification before the event is available via phone. Event admission and registration are free. Bidders must have in their possession a $5,000 cashiers check made payable to themselves on auction day in order to receive their bidder number. Winning bidders will be required to put this $5,000 toward their down payment and write a personal or business check for the remainder of the down payment open to escrow. All escrow on properties sold at the auction is expected to close in 21 days. Expected attendance for the event is over 600 buyers.
Buena Vista Custom Homes
CONTACT: Mike Higgins for Buena Vista Custom Homes, +1-503-594-1050,
+1-503-970-3766 Cell
Web site: http://www.auctiontoday.com/
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