In the next three weeks, luxury homes valued from $3M – $10M will be sold at live absolute auctions — which means to the highest bidder, regardless of the price. This is a true buyer’s bonanza. Previously, this market has been impervious to the decline of real estate values seen elsewhere in America.

One seller in Cordillera that is represented by Exclusively Auctions was asked how he could risk the sale of his $3 million home by selling via absolute auction — with no minimum bid and no reserve price. Exclusively Auctions President Nicholas Varzos replied, “Although the seller is underwater, he recognizes that the market is simply down and he may have to settle for less.” “The great news is that like many well invested Americans, he can afford to sell — and that equates to a real buyer opportunity.” “As any investor knows, there are times when you make money — and times when you lose money. The important thing is to move forward and accomplish your goals while not focusing on the short-term loss, so that you can take steps to realize an overall profitable future.”

Vail Valley and the Cordillera Ranch are known for being the hang-out of such notables as Kobe Bryant, Kevin Costner, Jack Nicholson, Oprah Winfrey, Tom Cruise, and Donald Trump. Yet despite such wealthy notables propping up the values, this limited-opportunity resort property is feeling the pinch of the economy. 

If you have any intrest bidding on these 2 exquisite Cordillera properties contact me: Gerlinde Debie 970.471.229, visit www.gerlindevail.com, or visit our website at www.GatewayLand.com

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