CORRECTING and REPLACING Grand Estates Auction Co. Sells $10.7 Million in Property During June

Business Wire, July 06, 2010

Absolute Auctions Prove to Be More Effective Than Traditional Sales
Methods

CHARLOTTE, N.C. — First graph of release dated July 6, 2010 should read: In June, Grand
Estates Auction Co., the national leader in auctioning of one-of-a-kind
luxury homes, sold $10.7 million worth of premier properties … (sted
In June, Grand Estates Auction Co., the national leader in auctioning of
one-of-a-kind luxury homes, sold $10.7 worth of premier properties … )

The corrected release reads:

GRAND ESTATES AUCTION CO. SELLS $10.7 MILLION IN PROPERTY DURING JUNE

Absolute Auctions Prove to Be More Effective Than Traditional Sales
Methods

In June, Grand Estates Auction Co., the national leader in auctioning of
one-of-a-kind luxury homes, sold $10.7 million worth of premier
properties during five auctions extending from the Outer Banks of North
Carolina to the foothills of Colorado.

Grand Estates extensive marketing program yielded a total of 1,040
inquiries, with more than 350 groups of prospective bidders touring the
properties and a total of 79 registered bidders. The exclusive homes,
ranging from oceanfront retreats to mountaintop estates, were sold
through Grand Estates absolute auction method, with no set starting
bid or minimum reserve, thus quickly establishing the true market value
and assuring a prompt sale on a pre-determined day.

In todays weak real estate market with a surplus of luxury properties,
multi-million-dollar homes can languish on the market for two years or
longer. Grand Estates offers a better way that eliminates endless,
inconvenient showings and disappointing open houses for sellers
charlotte homes for sale