The Bryant Back Bay, Boston is going to auction off 10 units on Saturday, October 17th 2009. This does not come as a surprise as the units were drastically overpriced from the get go. In 2+ years of marketing, less than 10% of the units actually went to closing. Calls for price drops fell on deaf ears as the market for high end properties in Boston began to adjust. This auction represents a growing trend around the state as developers scramble to sell a large portion of their remaining units.
As unfortunate as it is, their financial burden is your reward. We at Luxury Residential Group will be representing buyers at this exciting auction. Just like other auctions, we do NOT charge a brokerage fee to our buyers. As a matter of fact, we are offering a $2,000 incentive to all our clients that win a bid and move forward with the purchase of a unit at the Bryant Auction.
Some important facts you need to know:
- Auction is October 17th
- Must have a Luxury Residential Group Agent accompany you to the first walkthrough in order to qualify for the $2,000 incentive.
- Must use a developer financing company in order to qualify for the financing contingency.
- Must bring certified funds to the auction – $20,000 made out to yourself (Buying entity)
- Must bring a personal blank check to make up the 5% deposit difference
Please contact Joshua A. Golden at 617-233-5800 to set up a walk through of the building and to answer any questions you might have.