A HUDSON VALLEY REAL ESTATE AUCTION ON JUNE 15

In this buyer's market one of the most effective paths to acquiring new real estate is the auction. For more information about auctions go to http://www.hvreal.com/divisions/theauctions_page.asp. Barns & Farms Realty LLC is one of the few real estate brokers that runs its own auctions. On June 15th three Columbia County properties will be going to auction: 1) A Designer Home in mint condition, in the Town of Taghkanic, listed at $219,000; 2) A 27 acre parcel with dramatic views of the Catskills with great hunting listed for $75,000 and 3) An 2000sf abandoned ranch house on 2 country acres,in the Town of Gallatin, listed at $99,000. While the auction is subject to seller approval, all of these sellers are highly motivated and will consider any reasonable offer.

The advantages of this direct auction is that you avoid the fees that a middleman brings to an auction. A neighbor held an auction of a $2.5 million property and paid in the six figures for the marketing costs. Unfortunately not a single interested party surfaced from this auction. In contrast Barns & Farms Realty, LLC has run six successful auctions in the recent past which have resulted in sales. And the Seller pays the commission with no added costs for the Buyer.

You've got to invest some time in examining the property, but you can get some great deals. And in some instances the Sellers will accept a time limited contingency for financing.

These auctions are much more successful than auctions "at the courthouse steps" which are often a waste of time as friends of the owner or the mortgage holder will often bid against you. Auctions are tricky business so be sure you understand the terms and conditions beforehand. For this Auction go to http://www.hvreal.com/divisions/theauctions_page.asp. and make sure you understand the details of the auction process.

CHATHAM REAL ESTATE TOPS THEM ALL

According to an article in Hudson Valley magazine, Chatham, NY is one of the top locations for the Hudson Valley and the only location selected in the Northern Part of Columbia County. Come visit our office at 2 Main Street, in Chatham Village, or call 518 392 6400 for information about this great location. I live in Canaan, up the road from Chatham, on the Massachusetts border and 20 minutes from Tanglewood and Lenox, Massachusetts.

This is a great time to buy real estate in Chatham which is the upstate version of Millbrook and only 30 minutes commute to Albany with all its activities. I go ballroom dancing in Albany several times a week. From Chatham Village which has inexpensive homes ( a four family recently sold for $85,000) to Old Chatham which has million dollar estates. Believe it not there is a log home in Old Chatham on 60 acres with a stream and pond for under $300,000.  And we have a Spencertown antique home in perfect condition with a beautiful setting for $395,000. Or consider a contemporary surrounded by protected land for $368,000. Or a new center hall colonial on 25 acres with Berkshire views and 15 minutes to Tanglewood for $1.4 million.

You can still get great bargains in the great town of Chatham and the surrounding towns of Kinderhook, New Lebanon, Austerlitz, Canaan and New Lebanon.