Real Estate Auctions Going Strong for Gryphon

COLUMBUS, Ohio, Sept. 18, 2021 /PRNewswire-PRWeb/ -- Real estate auctions, typically used by lenders, hedge funds, corporations, law firms and the Courts for decades are becoming more mainstream as traditional real estate listings are seeing multiple offer scenarios across the United States. Auctioneers have found that, in a strong market where multiple offers are the norm, auction sales are producing premium prices.    

Gryphon USA President, Richard Kruse, outlines that how auction format puts everyone on the same playing field and provides transparency to the traditional sale process which is normally shrouded in "offer secrecy". "In an auction, everyone knows the terms, everyone is using the same contract and bidding is out in the open. The only factor is who will pay the most money on auction day", said Kruse.

In the past eight months, Gryphon has sold over 300 homes at auction and is conducting sales around the country. Recently sales concluded in West Virginia and Florida with others coming up in Mississippi and Alabama.

While many sales are in the lower price points, Gryphon has sold property in the last 3 years up to $3,500,000 and is in the process of offering one asset that is expected to hammer down at close to $1,000,000.

"Premium properties do incredibly well at auction as it is difficult to put a price tag on someone's custom home, unique building or farm. 8002 Cook-Jones Road, Waynesville, OH 45068 is a perfect example." The 3500 SF custom home is only 80 constructed and still needs finishes. It sits on over 17 acres and comes with a 6,000 SF pole barn/office/man cave. Kruse says the auction will establish the true market value.    

For more information on the Cook-Jones home, or any of the assets offered by Gryphon, visit http://www.gryphonusa.com.

Reach Richard Kruse at [email protected] or 614-774-4118

Media Contact

Richard Kruse, [email protected], +1 614-774-4118, [email protected]

Richard Kruse, Gryphon USA & Gryphon Realty, 614-774-4118, [email protected]

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SOURCE Gryphon