CHICAGO--(BUSINESS WIRE)--A rare Kildeer residence will be auctioned on Tuesday, August 7th, on the grounds of the property, commencing at 6:00 PM. The home is in the Cuba Road corridor, minutes from the popular Deer Park Shopping and Entertainment District and offers over 7,000 square feet of living space to the winning bidder. As they prepare to move to Texas, the owners are looking to sell the home they spent their best years in.
“When we built the home around 2005, having 5 bedrooms and 5 baths was ideal for the family. But we have enjoyed our home in later years as a peaceful vacation home,” said Mrs. Cohen, its owner. Real Estate Auctions, LLC is opening the house for inspections. Bidders are welcome to visit and meet with auction representatives during the open houses on:
June 29th from 4:00 PM to 7:00 PM and July 10th from 12 Noon to 2:00 PM.
“Owners of luxury and ultra-luxury properties across the country and globally are turning to auctions because they allow control of the timing of sale, define value and provide liquidity,” said Dino Diliberto, project executive with Diliberto Real Estate Services and Real Estate Auctions, LLC, the company conducting the auction.
The property is districted to the award-winning Stevenson High School, another amenity for owners with children.
“Trophy home auctions attract the most serious bidders in the market, because they know the Sellers are the most motivated and realistic,” said Frank Diliberto, President of the Company. “Bidders must attend an open house and receive a bidder’s information package, before attending the auction.” Bidders are expected to prequalify prior to auction. The cost of entry? A cashier’s check of $10,000 is your ticket in. Only the winning bidder deposits the check and then must increase earnest money to 7% within 7 days.
For Mr. and Mrs. Cohen, the sale of the home marks a new chapter and one that begins with leaving Kildeer and moving to Texas to be with their children. “The home was just perfect for us, but now our primary attachment is to our children, and our first goal is to be in Texas,” said Mrs. Cohen. “We are auctioning the home to assure we reach that goal,” she added.
For further information about the auction, bidders are encouraged to call DRES Media at 855.460.2437.
About Real Estate Auctions, LLC
Real Estate Auctions, LLC a Diliberto Real Estate Services, LLC company is a leading real estate and financial advisory firm with a 28-year specialty in real estate auctions. With over 140 combined years of experience and in excess of $3 billion in transactional and sales volume, the firm has maintained a leading role in the mainstreaming of real estate auctions in their use by corporate, private and public sellers of real estate across the globe.