Sold
Rancho Mirage, CA
40315 Cholla Lane
Ending Price
$16,000,000
Seller Testimonial:
"As a realtor, I understand the advantages and benefits of selling a home “traditionally” as well as using the “auction platform”. When my wife Laura and I decided to sell our family home, we wanted to maximize the value and get the best terms for my family. Because of this, I chose to list using auction. The highest sale price in my neighborhood ever was $1.9M. The auction team chose a starting to bid price of $1.8M. We ended up receiving 10+ offers on the home and it was bid up to $2,750,000 cash. The actual net of this offer because of the terms of the contract was equivalent to receiving a $2,900,000 offer. We closed escrow within 7 days and we have a 60 day rent back. Had I listed the home traditionally I would have done so at $2,299,000. There is no doubt I would not have gotten close to this price. And the fact that all disclosures and inspections were done in advance, the buyer removed all contingencies and released her deposit upon acceptance. Thank you auction team. I will continue to sing your praises."