Nine residential home sites, six of which are lakeside on private lakes, located minutes away from Traverse City will be sold at an unreserved public real estate auction in Grand Rapids on March 20, 2008. Ritchie Bros. Auctioneers will conduct the auction on Thursday, March 20, 2008 at the Amway Grand Plaza Hotel in downtown Grand Rapids. Each home site will be sold to the highest bidder on sale day, since all Ritchie Bros. auctions are unreserved, with no minimum bids and no reserve prices.

“This truly will be a unique auction for Michigan; a new way to sell real estate in the state,” said Kieran Holm, Ritchie Bros. Regional Manager. “There have been quite a few unreserved real estate auctions conducted around the country, but this will be one of the first – if not the first – ever to take part here. I would encourage any interested buyers to register to bid in our upcoming Grand Rapids auction – because these sites will be sold to the highest bidders on March 20, regardless of price.”

The Blue Heron home sites being sold by unreserved auction are part of a larger unreserved industrial equipment auction in Columbus, OH. The unreserved auction of the nine home sites begins at approximately 11 a.m. and will be transmitted live, via simulcast at the Amway Grand Plaza Hotel – 187 Monroe Ave, Grand Rapids. Like every Ritchie Bros. auction, the sale will be completely unreserved – meaning there are no minimum bids or reserve prices. Every home will be sold to the highest bidder on auction day, regardless of price. The auction is open to the public. Interested bidders must register before bidding; registration is free. More information about the auction, including details on all nine home sites and related documents, is available at: www.rbauction.com/blue_heron_resort.

Posted: 03|7|08 at 4:11 pm. Filed under: Auction News.