LFC AUCTIONS
LFC AUCTIONS
The Global Online Real Estate Marketplace®
Real Estate Auctions
Featured Properties
Residential | Corona del Mar, CA, U.S.A.
Accepting Offers
Residential | Greenwood Village, CO, U.S.A.
SOLD
Residential | Laguna Hills, CA, U.S.A.
SOLD
Residential | Dana Point, CA, U.S.A.
SOLD
“We talked to numerous organizations who had international property marketing experience and we fortunately elected to use the FRE Accelerated Marketing Program to sell over 250,000 acres of the former Central Pacific Railroad right-of-way land which was owned by the Morgan Stanley Real Estate Fund. This sale included a portion of a 2,500,000-plus-acre land holding that stretched across northern Nevada, literally from California to the Utah border. FRE's successful efforts allowed us to value the remainder of the property, which we then sold to a private equity fund based in Canada. If you have real estate that requires national and/or international exposure, I would recommend that you talk to the marketing professionals at FRE.â€
Jeffrey Dritley
“After a 19 day marketing campaign, FRE's highly competitive Auction Plus® program produced a buyer for my $2 million home in Laguna Hills (Nellie Gale Ranch), California. In my opinion, a combination of targeted Internet advertising, a low initial starting bid and leading edge website technology caused this highly successful sale to take place. I would recommend FRE and their program to every residential property owner.â€
John Petrasich
“At the time, the County of Orange Bankruptcy was the largest government bankruptcy in US history. We needed to quickly dispose of hundreds of properties including land parcels, buildings, parks, marina docks; even a golf course. Dozens of companies submitted disposition proposals. We selected the FRE marketing professionals due to their extensive bankruptcy experience and their ability to provide us with a ‘turn key’ service including analysis, marketing, auction, brokerage and escrow. FRE was even able to advise us regarding the sale and lease back of our civic center buildings. The marketing professionals at FRE really know their business, and I would unequivocally recommend them.â€
Chuck West
"As a mezzanine lender for the development of grand estate homes on the Florida coast, one of the toughest markets in the country, I couldn't believe the price points that the online auction marketing campaign generated in the end. The success of the campaign goes to show that FRE's online auction platform, FRE.com, is not only a solution for builders and developers but also financial institutions. I have not come across any other sales technique or marketing method that could have delivered such results in this difficult market. Thanks to 'Last Call' and other innovative features of FRE.com's technology, we are no longer stuck under the burden of standing inventory as so many other financial institutions are today."
Bryan Vrba
“We tried just about everything to market and sell our 100,000 SF manufacturing facility in Roswell, New Mexico. Naturally, I would have preferred that the property sell for more money but, in all honesty, we feel that the sale price represented its true market value. After a spirited 60-day marketing campaign, the property sold and the buyer closed ‘all cash’ in less than 40 days. Most importantly, the sale put money in our pocket and stopped the ongoing monthly expenses (taxes, maintenance, security and insurance) which were substantial. We made the right decision to bring in FRE and its Accelerated Marketing Program.â€
Ron Klump
“We were very excited and pleased with FRE's online marketing program and what you did in order to move this ‘stagnant’ property. As you know, I was not a real believer that your auction process was going to produce a different result than the past unsuccessful brokerage endeavors but, thankfully, I was wrong. Diane was great, assisting me through the paperwork and closing process. My only regret was that I didn’t listen to her earlier and have the purchase agreement reviewed and ready to go when the auction closed. I guess I just didn’t believe that you could really sell this very challenged property. Thanks again to the FRE team for making this sale happen.â€
Brad Hettlinger
"Our Manchester, Michigan, manufacturing property had been listed with a well-known national brokerage company for almost two years without success when we were introduced to the FRE online auction marketing program. Our company wasn't familiar with the auction process and, quite frankly, we were a bit skeptical at first. But after talking to some of FRE's past clients, we decided to give it a try. Not only did the marketing team end up selling our Michigan property, but also a land parcel in South Carolina and two industrial properties located in Germany. We established a release price of €400,000 on one of the German properties and FRE sold it for €902,000. Needless to say, we were very pleased. I only wish we had more properties that we could include in this program."
Jay Woerner
“Unlike dealing with individual brokerages, FRE's Accelerated Marketing Program allowed us to review and compare a large volume of various types of net leased properties at one time on our desktop computers. We were able to quickly narrow down the field and then focus on the properties that most interested us. I particularly appreciated the website’s very visible descending cap rate indicator as the bidding escalated. This program is leading edge technology, and we intend to use it going forward."
Harold Hofer