Get Your Luxury Discount This Weekend

In case you haven’t heard, there is a major home auction happening this weekend at the Minneapolis Convention Center. Local lenders are now owners of a mass quantities of Twin Cities homes and need to get rid of them. The solution is to hold one of the largest auctions in recent history, about 325 homes spreading across the region.

The auction is the perfect place to get a good deal on the home. Only problem is that “Buyer Beware” is the phrase of the day, so you will have to do inspections and walk-throughs on your own, before you bid.

If you are looking for a luxury home, then you are in luck. Just out of Stillwater, northeast of the Twin Cities, is an elegant home sitting on 11 acres that could have your name all over it. The home, pictured above, was built in 2003, has over 7000 square feet, and is valued around $1.5 Million. Your starting price…$729,000!

With over 3500 foreclosures in Hennepin County alone this year, and 8000 in the surrounding six counties, banks hope the auction will help them unload these unwanted liabilities. Everything from single family to multi family is available at the event, so make sure to check it out this weekend. I haven’t decided if I am going to attend yet, as I am sure it will be a zoo.

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