Asset Management & Recovery: Immediate Release - Online Auctions

Gryphon USA, Ltd services clients through Gryphon Asset Management, Gryphon Realty Advisors and Gryphon Auction Group. Gryphon Asset Management manages operating entities and undertakes liquidation management in numerous business lines. Gryphon Realty Advisors is comprised of three divisions all working together; Residential, Commercial and Management. Projects range from single family investments and owner occupant reresentation to apartments and commercial complex disposition. Gryphon Auction Group assists clients with the sale of real property as well as commercial equipment.

Immediate Release - Online Auctions

For Immediate Release

Online Only Auctions of Local Properties Begin

From The Comfort of Home or Office, Bid on What You Want From Where You Want

Columbus, OH  -  What many call the "eBay Model" of selling has hit the local real estate market in Central Ohio.  It's a little different though, according to Richard Kruse, president and lead auctioneer for Gryphon USA, Ltd.

Gryphon is utilizing not only traditional means, but also cutting edge techniques to sell items for their clients.  Currently ten (10) single-family properties and one (1) three-unit multi-family property are up for bids, online only, including:  833 Fairwood Ave, 76 Rodgers Ave., 2431 Vendome Dr., 1408 S. Ohio Ave., 1439 Cordell Ave., 772 Northview Ave., 815 Heyl Ave., 565 Bulen Ave., 2287 Jermain Dr., 2411 Lindale Ave and 53-55 Belvidere Ave.

The online only auction will begin to accept bids on June 13, 2007 and will end on June 27, 2007.   Log on to http://www.gryphonusa.com/ for registration and bidding.   

"We have realized that not everyone wants to come to a live auction event.  Many enjoy bidding from the comfort of their home or office and many are outside of the Columbus Metro Area, so we have created a model to make buying and selling easier." noted Kruse. "We are the first in our area to provide some type of online bidding option for all of our real estate auctions.  The buyers like it and our sellers are demanding it."

Kruse said the demand for additional online options is not surprising as buyers are typically looking online to find property and then calling the listing agent directly for more information.  Buyer agent participation, says Kruse, is encouraged however close to 80% of auction bidders are representing themselves.

Kruse said that all of their auction properties may be previewed in advance of the auction. For appointments, call Showing Service at 614-255-5588. For more information on this or other auctions, contact Rich Kruse at 877-5-GRYPHON or visit http://www.gryphonusa.com/.

About Gryphon

Columbus, Ohio based Gryphon USA, Ltd. and its subsidiary companies focus on the wind down and liquidation of single assets through and including entire companies.  The company maintains a real estate brokerage practice, auction group, property management division and appraisal division. Co-founder Richard Kruse regularly holds engagements as court appointed receiver.

Contact Information:

Richard Kruse

Gryphon USA, Ltd.

9387 S. Old State Rd.
Lewis Center, OH 43035
email: rfk@gryphonusa.com

Online: www.gryphonusa.com
614-885-0020 tel
614-573-6344 fax

 

Do you have questions about distressed assets, receivership or bankruptcy sales, auctions?  Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.

Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com).  The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast. 

United Country Gryphon Realty & Auction Career Opportunities Available.  Call 614-885-0020 x 17

3 commentsRich Kruse • June 08 2007 05:15AM

Comments

congrats - look at you a superstar
Posted by Central Oregon Real Estate | Broker Thesa Chambers, Licensed in Oregon (Prudential NW Properties Sunriver) over 3 years ago
You are the MAN. How did you learn all of this? Trial and error? Did you have a mentor?
Posted by John Evarts (Classic Property Management of Santa Clarita) over 3 years ago

I AM Superman.  I can do anything!

John - I learned the basics from a mentor, learned a lot through trial and error and have many auctioneers that I call on for advice.  This is a very tight knit group of National Auctioneers Association memebers totalling only 6500 in the US.

Posted by Rich Kruse (Gryphon USA, Ltd.) over 3 years ago

Participate



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