LFC Announces Closeout Auction of Homesites in Reno’s Caughlin Ranch
The LFC Group of Companies, industry leaders in online real estate auction marketing, is pleased to announce the latest campaign on their commercial property auction website LFC.com: the last six finished residential lots in the renowned Whispering Pines neighborhood of Caughlin Ranch in Reno, Nevada. This auction represents an opportunity to take advantage of a developer closeout in this prestigious suburban community.
Reno, NV (Vocus/PRWEB ) November 4, 2009 -- The LFC Group of Companies, industry leaders in online real estate auction marketing, is pleased to announce the latest campaign on their commercial property auction website LFC.com: the last six finished residential lots in the renowned Whispering Pines neighborhood of Caughlin Ranch in Reno, Nevada. This auction represents an opportunity to take advantage of a developer closeout in this prestigious suburban community.
The Whispering Pines neighborhood of Caughlin Ranch in Reno, Nevada.
Developed in 1984, Caughlin Ranch is Reno’s finest and most desirable master-planned community. At Caughlin Ranch, homeowners get the best of both worlds: the peace and serenity of a secluded suburban community with the vibrant city life of Reno just a short drive away. Encompassing 2,300 acres from the foothills of the Sierra Nevada mountains to the Truckee River, Caughlin Ranch is an upscale community known for its stunning natural beauty, replete with 26 miles of maintained paths through scenic rolling hills and picturesque ponds. In fact, there are no straight roads. This allows all homeowners to enjoy views of the lush ponds, walking trails and extensive landscaping in the common areas. The community features over 26 ponds, lakes and other water courses, as well as four major parks.
“This developer started with 25 lots, and sales were consistent for a while, right up until the market cooled,” said Mike Land, Auction Manager of the LFC Group of Companies. “Now the developer wants to quickly sell these last remaining lots. He understands the realities of the market and that’s why the minimum bids start at less than eighty percent of the previous asking price. He’s looking for the buyers to set the true market value of the land.”
LFC’s online auction platform allows interested buyers to conduct due diligence and place bids from anywhere in the world, a level of convenience unmatched by any conventional auction method. Perhaps most importantly for this particular developer, LFC’s online auction campaigns deliver unmatched velocity of sale.
These six finished residential lots range in size from half an acre to just nearly an acre and views unmatched. Interested bidders are encouraged to visit www.LFC.com/805R2 to view property documentation and conduct due diligence prior to bidding. The bid deadline is December 3, 2009.
LFC Group of Companies
For more than 30 years, the LFC Group of Companies has served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction-marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $5 billion. The company’s latest venture is the online auction of mortgage notes.
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