Realty Corporation of America Auction Services Division Announces Successful Absolute Auction Sale of 23359 Cedar Point, in Brookpark, Ohio

FOR IMMEDIATE RELEASE

CLEVELAND, Ohio – November 6th, 2008 -- Realty Corporation of America announced today the successful absolute auction for the property located at 23359 Cedar Point, in Brookpark, Ohio on Wednesday, November 5th at 6:00 PM.
Absolute auctions mean that the property was sold to the highest bidder regardless of price. This well maintained, three bedroom, one bath cape cod is conveniently located near major highways and the airport! This property sits on over 0.3 acres and features over 1,100 square feet of living space, hardwood floors, a one car garage and a basement.
The exceptional auction marketing brought eight qualified and registered bidders whom all competed to be the winning bidder.

“I am delighted that another client has found the auction method of selling real estate to be a great success!” said Buddy Barton, Director of Auction Services for Realty Corporation of America.
“This exciting absolute auction meant that the property was sold on November 5th! This auction has eliminated closing costs for the seller and gave them a date certain of sale.”

“Auctions are the fastest and most efficient way of selling real estate. Auctions create urgency on the part of buyers - a date of the sale establishes a clear point at which a buyer must decide if they want to buy a property. With traditional real estate listings, especially in soft real estate markets, there is less urgency on the part of buyers to make an immediate decision. 
In addition, our energetic and property-specific marketing campaigns capture the attention of qualified buyers throughout America. Finally, our flexible cost structure and willingness to entertain offers prior to the auction allows us to produce results for our clients” said Sarah Brewer, Director of Business Development for Realty Corporation of America.
In addition, Realty Corporation of America Announced today that a new auction DVD has been released. Our new DVD shows our successful auction team in action, reviews our pre auction announcements and concludes in the announcement of a winning bid. Kindly contact Sarah Brewer at 216-522-0020 x235 if you would like a copy of this video.
With Corporate Headquarters in the Historic Superior Building in Downtown Cleveland, Realty Corporation of America provides comprehensive marketing, advisory and auction services for residential, commercial and industrial properties. Transcontinental Lending Group, our affiliated mortgage operation, provides customers with access to the most competitive interest rates available on the market, while offering a wide array of innovative and compelling mortgage solutions.
Title Assurance and Indemnity Corporation of North America utilizes the latest technology and a fully integrated on-line order placement and order tracking system to perform title examinations, issue title insurance policies and offer world class escrow and closing services. Our auction services division offers our clients the fastest and most efficient way of selling real estate.
Our Property Management Division offers hands on, cost effective and highly energized management while allowing owners to position properties for sale or improve operating performance. Our construction services division allows Realty Corporation of America to offer construction, project management and cost estimating services for residential, commercial and industrial properties throughout North America. Additional information about Realty Corporation of America can be found online at  realtycorpofamerica.com.