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  • I wonder how much they will auction these off for - seems like a good location & decent size.

  • noreen - Mar 17 2006 | seattle, real estate, news

    wow that's an interesting way to buy property...would there still be an agent involved…or does this eliminate the need for one?...

  • moohaha - Mar 17 2006 | seattle, real estate, news

    Interesting article on the first Internet condo auction in this area. They're selling their Madison Valley condos, the Madison Lofts, via a private online auction. You'll still need to do the standard condo informational sales meeting, but when you leave, you'll leave with a disc full of virtual imagery of the Madison Lofts, and a password for the online auction. Bidding will happen over a period of four days, and at the end of this time, the person with the highest bid on a condo will pay the second highest bid, plus $1,000.

    Interesting concept--wonder if homes will end up overall selling above or below projected value as a result.

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