SOLD! - Oceanfront Property - Hills Beach, ME
August 1st, 2007 . by mcarey
A million dollar view for $575,000.00! Humble is generally a safer bet than boastful but sometimes boasting has its place. This very successful sale for a Conservator of an Estate set the mark for property prices in the very desirable Hills Beach area of Biddeford Pool, ME.
Prior to the auction experienced local brokers were sharing with us that a $500,000 threshold should be considered a successful sale. Please don’t take this as a dig on traditional brokers, I do not envy the broker trying to price in this market - how do you set a price in a declining market with a rising inventory that is both enticing to buyers and doesn’t leave money on the table for sellers? Impossible? no. Difficult? yes. That is the beauty of the auction, there is no limit. Competitive bidding sets the market price. Buyers pay what they want to pay and sellers get to see what the market will bear through an open public process. Hard disputing the results.
Auction Date: June 6, 2007
Registered Bidders = 12, all with $25,000 certified funds as qualification to bid
High Bid = $575,000
Closing within 45 days of auction
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