This Friday Auction August 20th

AUCTION June 1st Denver Property to sell REGARDLESS of price!

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Mon, 21 May 2012 03:09:26 -0700

PROPERTY ADDRESS: 1550 N. Pierson Street Lakewood, CO 80215 (Part of Denver)

ABSOLUTE REAL ESTATE AUCTION

PROPERTY TO SELL REGARDLESS OF PRICE

Don't Miss this Opportunity to Own this Rare Mixed-Use Parcel near Oak Street Station For a Fraction of It’s Value!

AUCTION DATE: Friday June 1 @ 11:07 am

PREVIEW DATE: Drive by Anytime

Rare Commercial Investment Opportunity in Sought After High Density TMU Area

Great Area – Very Flexible Zoning

Are you looking for an amazing place to build your business? Talk about the right deal at the right time! The sky is the limit with the generous zoning on this versatile flat lot. This parcel could be used for almost anything – a multi-story office building, a retail store, or for an apartment building.

LOCATION – LOCATION – LOCATION!

This is a GREAT area for commerce, just .2 miles from prestigious Oak Street Station, a citizen-planned development with a positive business climate near the new light rail station.

This parcel is located in a Transit Mixed Use Zone District which is pedestrian and public transportation oriented, and features commercial, office, residential, research and development businesses along the rail line. The area is part of Oak Street Station’s comprehensive plan to ensure that new growth and development will complement the surrounding neighborhoods.

The District has great vitality, with sufficient density of residents, employees and users to support the light rail in the area, and generates a relatively high percentage of trips by transit. Offices, laboratory and R&D businesses to the south and west of the area help create a strong higher income employment base. Diverse and complementary use of the land have created a mix of businesses, restaurants, stores and entertainment that make this area a hub and a destination for working professionals and tourists alike.

Whether you buy and build or buy and hold, this is a superb investment.

* Commercial or multi-family residential use

*Advantageous light rail location

*Versatile flat parcel – build up to six stories

*Generous and flexible zoning

*Higher income employment base

*Regular light rail traffic – professional employees and tourists

FOR PIP:

AT A GLANCE

COUNTY: Jefferson

UTILITIES:

Electricity - yes

Water & Sewer: Public

Water Tap: Not Paid

Sewer Tap: Not paid

Cable & Telephone available

SCHOOL DISTRICT: Jefferson R-1

Elementary: Stober

Junior High: Everitt

Senior High: Wheat Ridge

LEGAL DESCRIPTION: Sunset Park Resub Tract 2 LOT: 0002

ZONING JURISDICTION: City, Transit Mixed Use Zone District

TAXES: $2,429.00

HEIGHT PARAMETERS: Can build up to 6 stories

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

AUCTION May11: Own Two Magnificent Lots in an Upscale Castle Rock Community!

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Tue, 08 May 2012 01:23:44 -0700

Subject: AUCTION May 11: Own Two Magnificent Lots in an Upscale Castle Rock Community!

AUCTION TERMS & CONDITIONS
Auction Terms and Conditions

7344 Weaver Circle * Castle Rock, CO 80104
This lot will SELL ABSOLUTE – REGARDLESS OF PRICE!

7483 Upton Court * Castle Rock, CO 80104
This lot will ABSOLUTELY SELL once reserve is met.

Auction: Friday May 11 at 11:07 AM
Live at 7344 Weaver Circle, Castle Rock, CO 80104

Broker's Welcome 3% Co-op

It’s All About Lifestyle

Castle Rock is within easy commuting distance to Denver and Colorado Springs. You’ll be able to leave the city and come home to quiet, scenic comfort and an unparalleled quality of life in one of the most desirable towns in the country.

You’ll be surrounded by stunning mountain and canyon views, natural rock ridges & outcroppings, and mature trees. Outdoor living and recreational opportunities abound – there are over 400 acres of parks and over 50 miles of trails, the Red Hawk Ridge municipal golf course, and the Hidden Mesa open space.

The historic downtown area is quaint and charming with everything from boutiques to gourmet food, to department stores at the Outlets Mall at the edge of town. The small town charm, beautiful views and unique culture attract more than 2,500 new residents annually.

Come invest in one of these prime Castle Rock parcels now – buy for a fraction of the value and join those who are fortunate to live and thrive in this amazing Colorado town!

PROPERTY DETAILS

Lot #1: 7344 Weaver Circle, Castle Rock, CO 80104

Beautiful parcel in Eagle’s Perch with Castlewood Ranch Estates is ready for you to build your custom home. Located on a quiet street, this property features mountain views, and you can see Castlewood Canyon State Park and Franktown in the distance. A gentle slope allows for a walkout basement. At over one acre, this lot is the largest lone on the street. You can buy and build or buy and hold, as there is no timeframe for building on this lot.

7344 Weaver Circle

Eagle's Perch with Castlewood Ranch Estates

LOT 9 BLOCK 2 CASTLEWOOD RANCH 2 PARCEL 7

State parcel number - 2507-094-04-003

LOT SIZE: 1.349 acres – largest one on the street!

Minimum Size: 2,200 finished S/F for a ranch home above grade

2,800 finished S/F for a two story home

Gentle slope allows for a walk out basement

$5000 in district water fees already paid

Estimated 2012 Taxes: $1410.00

Lot #2: 7483 Upton Court, Castle Rock, CO 80104

This beautiful treed lot is secluded and private, located at the very end of a cul-de-sac on a quiet street in an upscale custom home community. It is over an acre in size and backs up to open space, and features unique canyon views and abundant wildlife. The views from this property are simply magnificent – you can see Castlewood Canyon State Park and Franktown in the distance. You can buy and build or buy and hold, as there is no timeframe for building on this lot.

7483 Upton Court

LOT 8 BLOCK 2 CASTLEWOOD RANCH 2 PARCEL 10

State parcel number - 2507-094-03-013

1.073 acres

Beautiful treed lot

End of cul-de-sac location

Required HOA fencing in back of lot already installed

Minimum Size: 2,200 S/F for a ranch home (above grade, 35’ max height)

Sewer ejector required (due to lot topography)

Home will require indoor fire sprinklers

No blasting in certain areas of the lot (see builder’s topo plan)

Golden Eagle nesting period – possible building restrictions

$5000 in district water fees already paid

Estimated 2012 Taxes: $2037.00

CONTACT: Come invest in one of these prime Castle Rock parcels now – buy for a fraction of the value and join those who are fortunate to live Castle Rock Colorado!

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

AUCTION Preview on Sat. May 5: Mountain View Lots in Castle Rock CO

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Mon, 30 Apr 2012 05:39:03 -0700

REAL ESTATE AUCTION

Two Prime Ready to Build View Lots in Castle Rock CO

7344 Weaver Circle Will Sell ABSOLUTE – Regardless of Price!

7483 Upton Court will ABSOLUTELY SELL once Reserve is Met!

Don’t Miss this Opportunity to Own These Magnificent Lots in an Upscale Castle Rock Community for a Fraction of Their Value!

Auction: Friday May 11 @ 11:07 AM

Auction Location: Live Onsite at 7344 Weaver Circle, Castle Rock, CO

Preview: Saturday May 5 from 11:00 – 1:00 PM

It’s All About Lifestyle

You’ll be surrounded by stunning mountain and canyon views, natural rock ridges & outcroppings, and mature trees. Outdoor living and recreational opportunities abound –there are over 400 acres of parks and over 50 miles of trails, the Red Hawk Ridge municipal golf course, and the Hidden Mesa open space.

The historic downtown area is quaint and charming with everything from boutiques to gourmet food, to department stores at the Outlet Mall at the edge of town. The small town charm, beautiful views and unique culture attract more than 2,500 new residents annually.

Come invest in one of these prime Castle Rock parcels now – buy for a fraction of the value and join those who are fortunate to live and thrive in this amazing Colorado town!

BEAUTY & PRIVACY, AMAZING VIEWS

Imagine coming home to your custom home in Castle Rock. Ready to buy and build or buy and hold, these gorgeous parcels offers beautiful mountain and canyon views - all within easy driving distance of Denver and Colorado Springs.

HIGH QUALITY NEIGHBORHOODS The thoughtful placement and design of lots offers privacy in and a true feeling of being away from it all, while being close to everything you need. These homesites are located in quality developments that were planned with upscale custom homes in mind.

BUY AND BUILD – OR BUY AND HOLD

These stunningly beautiful one plus acre home sites are not only gorgeous, they are a good investment. With serene mountain and canyon views, this is some of the most beautiful land in the Castle Rock area, with mature trees, rock outcroppings, and abundant wildlife. Some see for yourself why Castle Rock is one of the most sought after places to live in the U.S.

BOTH LOTS AT A GLANCE:

Upscale community

Beautiful mountain and canyon views

Gorgeous rock outcroppings

Town water and sewer

Top rated Douglas County school system

Walking distance to local schools

Abundant wildlife

Wild and private environment yet close to everything

District Water Fees paid

No building timeframe

PROPERTY DETAILS

Lot #1: 7344 Weaver Circle, Castle Rock, CO 80104

7344 Weaver Circle

Eagle's Perch with Castlewood Ranch Estates

LOT 9 BLOCK 2 CASTLEWOOD RANCH 2 PARCEL 7

State parcel number - 2507-094-04-003

LOT SIZE: 1.349 acres – largest one on the street!

Minimum Size: 2,200 finished S/F for a ranch home above grade

2,800 finished S/F for a two story home

Gentle slope allows for a walk out basement

$5000 in district water fees already paid

Estimated 2012 Taxes: $1410.00

Lot #2: 7483 Upton Court, Castle Rock, CO 80104

7483 Upton Court

LOT 8 BLOCK 2 CASTLEWOOD RANCH 2 PARCEL 10

State parcel number - 2507-094-03-013

1.073 acres

Beautiful treed lot

End of cul-de-sac location

Required HOA fencing in back of lot already installed

Minimum Size: 2,200 S/F for a ranch home (above grade, 35’ max height)

Sewer ejector required (due to lot topography)

Home will require indoor fire sprinklers

No blasting in certain areas of the lot (see builder’s topo plan)

Golden Eagle nesting period – possible building restrictions

$5000 in district water fees already paid

Estimated 2012 Taxes: $2037.00

Castle Rock in the Media

Family Circle ranked Castle Rock No. 1 in the nation in its list of the “Best Ten Towns for Families” in August 2010.*

Money magazine ranked Castle Rock No. 19 in the nation in its list of the “100 Best Places to Live in America" September 2011.**

Forbes magazine ranked Castle Rock No. 5 in their article “America’s 25 Best Places to Move” in July 2009.***

SchoolDiggerDOTcom ranked Douglas County School District No.1 in the Denver Metropolitan Area in 2009.****

ADDITIONAL INFORMATION

Douglas County School District provides public primary and secondary education with fourteen schools in Castle Rock:

Public Elementary Schools

Castle Rock Elementary School (Grades K-6)
Clear Sky Elementary School (K-6)
Flagstone Elementary School (K-6)
Meadow View Elementary School (K-6)
Renaissance Expeditionary Magnet School (K-6)
Rock Ridge Elementary School (K-6)
Soaring Hawk Elementary School (K-6)
South Street Elementary School (K-6)

· Academy Charter School (K-8)

Public Middle Schools

Castle Rock Middle School (7-8)
Mesa Middle School (7-8)
Rocky Heights Middle School (6-8)

Public High Schools

Castle View High School (9-12)
Douglas County High School (9-12)
Daniel C. Oakes High School (9-12), alternative school

Private Schools

Woodlands Academy (1-8)
Valor High School

CONTACT: Come invest in one of these prime Castle Rock parcels now – buy for a fraction of the value and join those who are fortunate to live Castle Rock Colorado!

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

Mountain View Lots in Castle Rock CO Real Estate Auction

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Mon, 23 Apr 2012 10:51:37 -0700

REAL ESTATE AUCTION

Two Prime Ready to Build View Lots in Castle Rock CO

7344 Weaver Circle Will Sell ABSOLUTE – Regardless of Price!

7483 Upton Court will ABSOLUTELY SELL once Reserve is Met!

Don’t Miss this Opportunity to Own These Magnificent Lots in an Upscale Castle Rock Community for a Fraction of Their Value!

Auction: Friday May 11 @ 11:07 AM

Auction Location: Live Onsite at 7344 Weaver Circle, Castle Rock, CO

Preview: Saturday May 5 from 11:00 – 1:00 PM

It’s All About Lifestyle

Come build your custom home in beautiful, tranquil Castle Rock. Castle Rock (population approximately 50,000) is well known for its top rated schools and wide open spaces. This town has a strong sense of community and is a wonderful place to raise a family.Castle Rock is within easy commuting distance to Denver and Colorado Springs. You’ll be able to leave the city and come home to quiet, scenic comfort and an unparalleled quality of life in one of the most desirable towns in the country.

You’ll be surrounded by stunning mountain and canyon views, natural rock ridges & outcroppings, and mature trees. Outdoor living and recreational opportunities abound –there are over 400 acres of parks and over 50 miles of trails, the Red Hawk Ridge municipal golf course, and the Hidden Mesa open space.

Come invest in one of these prime Castle Rock parcels now – buy for a fraction of the value and join those who are fortunate to live and thrive in this amazing Colorado town!

BOTH LOTS AT A GLANCE:

Upscale community

Beautiful mountain and canyon views

Gorgeous rock outcroppings

Town water and sewer

Top rated Douglas County school system

Walking distance to local schools

Abundant wildlife

Wild and private environment yet close to everything

District Water Fees paid

No building timeframe

PROPERTY DETAILS

Lot #1: 7344 Weaver Circle, Castle Rock, CO 80104

7344 Weaver Circle

Eagle's Perch with Castlewood Ranch Estates

LOT 9 BLOCK 2 CASTLEWOOD RANCH 2 PARCEL 7

State parcel number - 2507-094-04-003

LOT SIZE: 1.349 acres – largest one on the street!

Minimum Size: 2,200 finished S/F for a ranch home above grade

2,800 finished S/F for a two story home

Gentle slope allows for a walk out basement

$5000 in district water fees already paid

Estimated 2012 Taxes: $1410.00

Lot #2: 7483 Upton Court, Castle Rock, CO 80104

7483 Upton Court

LOT 8 BLOCK 2 CASTLEWOOD RANCH 2 PARCEL 10

State parcel number - 2507-094-03-013

1.073 acres

Beautiful treed lot

End of cul-de-sac location

Required HOA fencing in back of lot already installed

Minimum Size: 2,200 S/F for a ranch home (above grade, 35’ max height)

Sewer ejector required (due to lot topography)

Home will require indoor fire sprinklers

No blasting in certain areas of the lot (see builder’s topo plan)

Golden Eagle nesting period – possible building restrictions

$5000 in district water fees already paid

Estimated 2012 Taxes: $2037.00

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

Auction Alert! Auction Fri April 6 Mixed Use Commercial Lot in Denver CO

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Thu, 05 Apr 2012 10:05:48 -0700

AUCTION TOMORROW: Minimum Bid $99,000, Previously Valued at $250,000

Will ABSOLUTELY SELL once Minimum Bid is Met!

Auction Date: This Friday April 6 @ 11:07 AM

Auction Location: Live on site at 1550 N. Pierson Street, Lakewood, CO 80215

LOCATION – LOCATION – LOCATION!

Commercial Investment Opportunity in Up and Coming Area near New Light Rail Station in Lakewood Area of Denver

High Density Transit Mixed Use Station Area with Very Flexible Zoning

This is a GREAT area for commerce with a positive business climate with very flexible zoning. This 9,621 sq ft lot with paved parking is less than .2 miles from future site of Fast Tracks Oak Street Station. Construction on the light rail is currently underway with opening scheduled for May 2013. The parcel is 1/2 block north of busy Colfax Avenue and adjacent to O'Reilly's Auto. Nearby are King Soopers, Sears, McDonalds. The nearby and the Westland Shopping Center.

Located in a proposed High Density residential/ retail area, this parcel is one mile east of Colorado Mills Shopping Center and eight blocks north of the Denver Federal Center and the new Saint Anthony's Hospital.

The sky is the limit with the generous zoning on this versatile flat lot, which is zoned as Transit Mixed Use Station Core which is planned for intense development. A true “diamond in the rough,” this parcel would be perfect for a coffee and donut shop or other small business.

The District has great vitality, with sufficient density of residents, employees and users to support the light rail in the area, and is expected to generate a high percentage of trips by transit. Offices, laboratory and R&D businesses to the south and west of the area help create a strong higher income employment base. Diverse and complementary use of the land have created a mix of businesses, restaurants, stores and entertainment that make this area a hub and a destination for working professionals and tourists alike.

Whether you buy and build or buy and hold, this is a superb investment.

· Commercial or multi-family residential use

· Advantageous light rail location

· Versatile flat parcel – build up to six stories

· Generous and flexible zoning

· Higher income employment base

· Regular light rail traffic – professional employees and tourists

Call 877-612-8494 or go to www.ajkaras.com for more information.

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

Auction Preview this Sat. March 31 Prime Commercial Parcel in Denver

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Thu, 29 Mar 2012 16:19:57 -0700

REAL ESTATE AUCTION

Don't Miss this Opportunity to Own this Rare Mixed-Use Parcel in Denver For a Fraction of It’s Value!

Min. Bid $99,000 – Previously Valued at over $250,000

Will ABSOLUTELY SELL after Minimum Bid is Met!

BROKERS WELCOME - 3%

AUCTION DATE: April 6 @ 11:07 am

PREVIEW DATE: Sat. March 31 11:00am – 1:00pm

1550 N. Pierson Street

Lakewood, CO 80215

Rare Commercial Investment Opportunity in Sought After High Density Transit Mixed Use Area

Do you know someone who is looking for an amazing place to build their business? Talk about the right deal at the right time! The sky is the limit with the generous zoning on this versatile flat lot. This parcel could be used for almost anything – a multi-story office building, a retail store, or for an apartment building, and you can build up to six stories high.

LOCATION – LOCATION – LOCATION!

This is a GREAT area for commerce, just .2 miles from prestigious Oak Street Station, a citizen-planned development with a positive business climate near the new light rail station.

This parcel is located in a Transit Mixed Use Zone District which is pedestrian and public transportation oriented, and features commercial, office, residential, research and development businesses along the new rail line scheduled to open in early 2013. The area is part of Oak Street Station’s comprehensive plan to ensure that new growth and development will complement the surrounding neighborhoods.

The District has great vitality, with sufficient density of residents, employees and users to support the light rail in the area, and is expected to generate a relatively high percentage of trips by transit. Offices, laboratory and R&D businesses to the south and west of the area help create a strong higher income employment base. Diverse and complementary use of the land have created a mix of businesses, restaurants, stores and entertainment that make this area a hub and a destination for working professionals and tourists alike.

Whether you buy and build or buy and hold, this is a superb investment.

· Commercial or multi-family residential use

· Advantageous light rail location

· Versatile flat parcel – build up to six stories

· Generous and flexible zoning

· Higher income employment base

· 877-612-8494 * www.ajkaras.com/sm26

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

Auction –Mixed Use Land – Prime Investor Opportunity

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Wed, 14 Mar 2012 19:22:52 -0700

Don't Miss this Opportunity to Own this Rare Mixed-Use Parcel in Denver For a Fraction of It’s Value!

BROKERS WELCOME: 3% Co-op

Minimum Bid $99,000 – Previously Valued at over $250,000

Will ABSOLUTELY SELL after Minimum Bid is Met!

AUCTION DATE: April 6 @ 11:07 am

PREVIEW DATE: Sat. March 31 11:00am – 1:00pm

1550 N. Pierson Street * Lakewood, CO 80215

Rare Commercial Investment Opportunity in Sought After High Density TMU Area

VERY FLEXIBLE ZONING

LOCATION – LOCATION – LOCATION!

This is a GREAT area for commerce, just .2 miles from prestigious Oak Street Station, a citizen-planned development with a positive business climate near the new light rail station.

Whether you buy and build or buy and hold, this is a superb investment.

Commercial or multi-family residential use
Generous and flexible zoning
Higher income employment base
Regular light rail traffic – professional employees and tourists

877-612-8494 * www.ajkaras.com/sm26

COUNTY: Jefferson

UTILITIES:

Electricity - yes

Water & Sewer: Public

Water Tap: Not Paid

Sewer Tap: Not paid

Cable & Telephone available

SCHOOL DISTRICT: Jefferson R-1

Elementary: Stober

Junior High: Everitt

Senior High: Wheat Ridge

LEGAL DESCRIPTION: Sunset Park Resub Tract 2 LOT: 0002

ZONING JURISDICTION: City, Transit Mixed Use Zone District

TAXES: $2,429.00

HEIGHT PARAMETERS: Can build up to 6 stories

877-612-8494 * www.ajkaras.com/sm26

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

How Do You Feel About Real Estate Auctions?

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Wed, 25 Jan 2012 16:59:58 -0800

I am a broker and a real estate auctioneer in Denver. We educate and partner with area agents and brokers to assist them with clients who are candidates for the auction way of selling.

NAR says that auction is the fastest growing segment in real estate. Yet even though individual auctions – especially for luxury homes and land – are really gaining traction in this area, we find that many agents have resistance to the idea of selling property at auction.

I realize auction is not the answer to every situation, yet we have had great success selling certain properties this way. I would love to get some feedback regarding your views about selling property at auction, including any experiences you may have had (positive or negative).

Your feedback would be valuable to me in reaching out to agents, and also ultimately in educating them to help expedite the sale of certain inventory that may be sitting on the market longer than it needs to.

What do you think? Have you ever considered advising a client that auction might be the way for them to sell? Why or why not?

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

AUCTION FAQs

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Tue, 03 Jan 2012 20:11:34 -0800

We get a lot of questions about real estate auctions – here are answers to some of the most

frequently asked:

Q: How do I know if I am a candidate for auction?

A: Do you have at least 25% equity in your home? If not, the auction way of selling is probably not for you.

Q: Will I get less money for my house if I auction it instead of listing it?

A: When selling their home, there are many factors that people don't always consider such as high carrying costs (mortgage, taxes, maintenance) and the time value of money. See our Time Value of Money comparison in our free Sellers Guide which compares the cost of selling a home via listing vs via auction.

Q: What if I am a developer needing to launch sales in a specific subdivision?

A: Talk to an auction consultant about your situation. They can give you advice and guidance on your best options.A well orchestrated auction can not only sell certain properties, it can build viral awareness and interest in the community.

Q: How do I choose an auction firm?

A: We recommend that you interview a couple of auction companies so you can get an idea of how they operate and what their terms are. Ask for references and check them. Ask for any certifications and special experience. Is the company responsive? Do they answer your calls promptly? Make sure that they answer all of your questions so that you have a clear understanding of the auction process.

Q: How can I be assured that all Dept. of Real Estate rules and regulations apply?

A:Brokers/Auctioneers must abide by all applicable state and federal real estate laws.

Q: How often will my property need to be shown?

A: Generally the auction company will host two to three Property Previews, where multiple potential buyers can come and view the property, and ask questions. You will not have to have your home ready to show at all times, as you do with a traditional listing.

Q: What if a potential buyer wants to a property inspection?

A: The buyers may make arrangements with the auction firm for any inspections they want to have done, as long as they are completed prior to the sale. On the sale day, the property is sold with no contingencies. Dept. of Real Estate disclosures are provided on the property prior to the sale.

Q: How do we know the bidders are qualified to buy?

A: The bidders financing is arranged prior to their registration to bid on a property. It is absolutely in their best interest to make sure their financing is securely in place, as they can lose their earnest money deposit if the sale does not close for any reason, including financing.

Q: How long does the sale take to close after the auction?

A: There is a usually a 30 day time frame for the buyer to wrap up loose ends prior to close.

Q: What is the Buyers Premium?

A: The Buyer’s Premium is a fee that is added to the winning bid to cover the auction company's fees.

Q: How much of a deposit does the winning bidder put down?

A: A deposit, usually 5-10% the final purchase price, is required on the day of the auction. The terms of the deposit will be prominently featured on the auction company's website. This deposit is non-refundable. The balance is generally due in 30 days or less.

Q: What if the sale falls through for some reason before closing?

A: In the unlikely event that a sale does not close, the buyer forfeits their earnest money. The earnest money deposit is then usually split between the auction company and the seller, you will want to verify exact terms with your auction firm. If the sale does not complete, the auction company will follow up with other bidders and let them know the property is available, and solicit bids from them.

Q: What if I’m already working with a Real Estate Agent and want to auction my property?

A: Most auction companies offer a broker co-op, so your agent can still earn a commission. Your broker will be compensated by the auction company at the close of escrow.

Do you have a question about auctions you would like answered?

For more information on real estate auctions call (877) 612-8494 or go to www.ajkaras.com.

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

The Three Types of Real Estate Auctions

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Tue, 03 Jan 2012 19:56:06 -0800

Absolute Auction

This is an auction where property is sold to the highest qualified bidder with no limiting conditions, contingencies or amount, and is time-defined.

Although it may sound like the riskiest way to auction, Absolute auctions are actually the most successful. Absolute Auction promotes a sense of buyer urgency (to perform by a specific time or forever lose the opportunity to buy).

Absolute Auction is the only form of marketing that will convey this message. By using the Absolute Auction method, the auction company attracts the largest pool of qualified, competing purchasers thus creating maximum value.

Absolute Auction also demonstrates a higher level of seller commitment to potential buyers: they know without a doubt that the property will sell.

Minimum Bid Auction

In this form of auction, auctioneers accept bids at or above a published price. While this type of auction seems to reduce seller risk, Minimum Bid Auction also limits interest in the auction. Minimums must be low enough to act as inducements rather than as a hindrance. Minimum Bid Auctions typically generate considerably less marketplace interest than Absolute Auctions.

Reserve Auction

An auction where sellers reserve the right to establish a reserve price to (in effect), accept or decline any and all bids, or to withdraw properties at any time prior to the announcement of the completion of the sale (by auctioneers).Though seemingly creating a seller safety net, Reserve Auction also conveys (to buyers) seller reservations.

Of the three types of auctions, Reserve Auctions generate the least amount of marketplace interest.

For more information on real estate auctions call (877) 612-8494 or go to www.ajkaras.com.

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

Trapped by Their House!

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Tue, 03 Jan 2012 10:03:12 -0800

Robert and Sandra Lee* found themselves in a position that is increasingly common in this slow housing economy.

When Sandra, a commercial real estate appraiser, was offered a new position in Boston in October of 2009, she and Robert immediately listed their home with a local real estate brokerage and began making plans for their move.

Excited by the new opportunity, the couple flew to Boston to find a home to rent, then back to Denver to pack and prepare for the move. It was decided that Robert would remain in Denver till their house could be sold, while Sandra went on ahead to Boston.

Weeks turned into months. Robert and Sandra took turns flying back and forth to visit each other on alternate weekends.

Occasionally someone would come to look at the house. A couple of potential buyers made offers the Lees did not feel were acceptable. Another couple was interested but could not qualify for financing.

Since their house was still not selling, they reduced the price twice, to no avail. The separation was wearing and stressful for both of them, not to mention the expense of paying for a rental and a mortgage every month.

By September 2010, with no sale on the horizon, they decided that they had waited long enough. They decided to call a local real estate auction company and find out what their options were.

“Some of what we learned surprised us,” Sandra recalls. “We had always associated auctions with desperate people and bank owned properties. Chaotic rooms full of people trying to buy property for pennies on the dollar. We never would have even thought to try auction. But we were so tired of waiting and being apart. It turned out there is another kind of real estate auction which we hadn’t known about.

"In this kind of auction, the auction company does this intense marketing campaign – for just your house. Luckily, since we had equity in our home, we were candidates.”

Robert and Sandra signed a contract with the auction company on Sept. 7, 2010, and the auction was scheduled for October 15, 2010. The auction company began their marketing blitz.

“Almost right away, we felt we were on the right track,” remembers Robert. “We were getting calls every other day from the auction company with new leads and questions people had. More people came to see our house at the two Property Previews than in the entire time the house had been on the market.”

The Lee’s house sold in ten minutes at the auction, freeing the couple from their financial burden and allowing them to resume living together again.

Were they happy with what it sold for?

“The high bid came in at about 90% of what we had hoped it would,” says Sandra, “but we had already been ready to discount it substantially when we had it listed.When you consider what we were paying out every month in mortgages, taxes and maintenance fees,” says Robert, “we were far ahead of the game even getting 10% under what we hoped for.”

* Names changed to protect privacy.

For more information on real estate auctions call (877) 612-8494 or go to www.ajkaras.com.

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

Top Ten Benefits of a Well Executed Auction

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Tue, 03 Jan 2012 10:00:12 -0800

Your property can be sold in 60 days or less for the highest possible price.

The buyer pays the commission, not you! You collect the FULL PROCEEDS from the sale at the auction.

Qualified, motivated buyers compete to buy your property.

Strategic marketing to a huge pool of targeted buyers creates a sense of

urgency and brings buyers with cash in hand, prepared to buy!

Property sells with no contingencies.

With a professionally executed auction, there is a 99% closing rate.

In the rare case the auction does not close, there are many backup buyers.

Eliminates high carrying costs such as mortgage, taxes, insurance & maintenance.

For more information on real estate auctions call (877) 612-8494 or go to www.ajkaras.com.

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

Top Ten Auction Myths

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Tue, 03 Jan 2012 09:54:37 -0800

Myths about auctions abound, and it is definitely to your benefit to be able to separate the facts from the fiction before you decide to sell your house with the auction method.

Here are some of the most common misconceptions about auctions:

MYTH #1: ALL real estate auctions are for distressed and bank owned properties, where people buy for pennies on the dollar.

FACT: Some are, and some aren't. There is a big difference between the big auctions for multiple distressed properties, and a boutique or individual auctions. With an individual auction, the focus is 100% on your property. A professional auction company launches an intense strategic marketing campaign that effectively targets hundreds of thousands of prospects. On auction day, prequalified buyers arrive with cash in hand, prepared to buy.

MYTH #2: My home will not sell for fair market value at an auction – I'll have to give it away!

FACT: Since informed bidders have done their due diligence prior to the sale date, they have a good idea of the market value of your home. However, in a competitive bidding situation with the excitement of a live auction, properties often sell for more than fair market value. Unlike a traditional listing sale where it's customary for buyers to negotiate for a lower price, an auction drives the price higher.

MYTH #3 Auctions are the last resort.

FACT: If this were true, why do record prices get set for art, antiques, collectibles and real estate at auctions? The reason is: auctions create competition. No other form of selling creates competition like an auction does.

The reason some people think of auction as the last resort is because some sellers list their property first at an unrealistic asking price, and it sits on the market forever. They then decide to auction, and it promptly sells for fair market value and real estate at auctions? The reason is: auctions create competition. No other form of selling creates competition like an auction does. The reason some people think of auction as the last resort is because some sellers list their property first at an unrealistic asking price, and it sits on the market forever.

They then decide to auction, and it promptly sells for fair market value. Yet, if a seller chooses the auction method first, they have a better chance of getting a great price, because the property has never been priced to the market – and the market determines the price.

MYTH #4: Real Estate Auctioneers are not real estate brokers.

FACT: Real estate auctioneers must be licensed as realtors in almost every jurisdiction.

MYTH #5: Auctions are Expensive.

FACT: Sometimes sellers have issues with the marketing and advertising costs associated with auctions.

These costs cover direct mail, signage, newspaper, magazine, online advertising videos, press releases and property information packages. Marketing can cost thousands of dollars, depending to the type of property being sold.Consider this: Have you ever known of anyone that had a great product; but the marketplace was not aware of it? How much exposure are you really getting when you stick a sign in front of a house, place a listing in the MLS, and then wait for a buyer to show up?

How many businesses go broke each year because they invest no money in advertising? In our fast-paced world, people must be informed before they are motivated to act. A properly executed auction marketing campaign gets stellar RESULTS.

MYTH #6: Selling my home at auction will cost me a lot more in commission than if I hired a Realtor.

FACT: The cost is comparable. However, with the auction method, the seller actually saves money in the long run, especially if they auction first instead of listing, because they can eliminate long-term carrying costs such as mortgages, maintenance and taxes. (See chapter on The Time Value of Money)

MYTH #7: If the high bid is less than the seller hoped for, he must accept the bid.

FACT: There are three basic types of real estate auctions: Absolute, Minimum and Reserve.

In an Absolute Auction, the property is sold with no minimum or reserve sales price. An absolute auction attracts more buyers and more competition. In a Reserve Auction, a minimum price point is set. If the high bid does not reach the reserve point, the seller is NOT obligated to accept the bid.

In a minimum bid auction, the starting bid is set at the minimum price the seller will accept for the property. Technically, the house could be sold at the minimum bid, but competitive bidding usually drives the sale price higher.

MYTH #8: If the property does not sell at auction, it is very difficult to market and sell it afterward.

FACT: Nothing could be further from the truth! In the extremely rare case that the property does not sell at the auction, remember that the intense marketing method has exposed the property to a huge buying public. When contacted post auction, buyers will often make offers on the property. In many cases offers to buy the property prior to the auction date are even made and accepted.

MYTH #9: Auctions attract buyers who are looking for a good deal.

FACT: This is actually true, and this is why auctions attract so many buyers. However, serious qualified buyers do their due diligence prior to the auction, so they will have a realistic idea of the value of the property. While everyone wants the best deal possible, competition from other bidders actually drives the price up to market value and often even higher.

MYTH #10: Auctioneers compete with real estate agents.

FACT: Auctioneers are licensed real estate agents themselves, and most of them welcome other agents and pay them a co-op commission for bringing buyers to your auction.

For more information on real estate auctions call (877) 612-8494 or go to www.ajkaras.com.

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

How to Choose an Auction Company – Questions to Ask

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Tue, 03 Jan 2012 09:45:56 -0800

As real estate auctions become more popular there will be more companies that claim they are legitimate real estate auction firms. Many of these companies specialize in estate or auto auctions. Real estate auctions are a completely different business.

Make sure you ask the right questions to evaluate auction firms and pick one that is qualified.

Does your company sell real estate exclusively at auction, or do you also sell with the traditional list and sell method?

Companies that claim to sell real estate at auction but are also list and sell agencies have a conflict of interest. If a company is practicing both, they do not have complete confidence that the auction method of marketing is the right choice for your real estate transaction.

Does your company exclusively sell real estate at auction or do you also conduct auctions selling other types of product?

Some auctioneers claim that they sell real estate at auction, when in actuality they also sell other products at auction and do real estate on the side. When you are selling real property, your best bet is to work with a real property specialist that exclusively sells real estate at auction.

How many successful auctions has your company completed and how many years has your company been in the real estate auction business?

Look for auction companies that have the knowledge and experience, that comes from conducting many successful auctions. Ask around and find out what kind of reputation and track record each company has. You should ask for references and contact people who have done business with each firm in the past.

What type of marketing does your company utilize?

What every successful auction has in common is a professionally executed marketing campaign. Make sure your auction company is up to the task. They should have a clearly defined marketing system that includes all direct mail, print, online advertising and social media campaigns.They should be able to create a highly targeted marketing campaign that will get the best possible results.

What professional organizations do you belong to?

What kind of continuing education do you and your staff participate in?

The hallmark of a professional company is that they are continually learning and striving to be the best they can be for their clients

What if my home is listed with a realtor?

Many established auction firms partner with real estate agents. This arrangement is beneficial to the agent and the seller because the auction house pays a commission to the agent.

What are your terms and conditions?

Make sure that you read the company's terms and conditions, and make sure that you understand their use of specific terminology.

What else should I ask?

Auctions may be held at an estate, a public meeting place, or even structured as an online auction. You'll want to have confidence that the company can conduct the auction in the venue or you have in mind, and that the auction team can handle all the necessary logistics with ease. This will help to insure that the auction goes as smoothly as possible.

Once you have answers to these questions, usually one company will stand out above the rest: they are your choice.

For more information on real estate auctions call (877) 612-8494 or go to www.ajkaras.com.

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

Should Auction Be Your First Choice?

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Sun, 18 Dec 2011 19:46:25 -0800

Real estate auctions have been undergoing a surge in popularity in recent years. In fact, according to the National Association of Realtors (NAR), auction is the fastest growing segment of real estate.

NAR states the number of residential properties sold at auction grew by

50% in the last 4 years – and the majority of these auctions are not distressed

auctions.

What's going on here?

A couple of factors are fueling this trend. In the current slow housing market, there are a reduced number of buyers who can qualify for financing. In addition, sellers are looking for ways to accelerate the speed of sale, rather than waiting out the long sales cycle and uncertainty of the traditional list and sell method.

In addition, individual auction marketing is NOTHING like a distressed sale of bank owned property.

Is auction the right way for your client to sell their property?

Here are some questions to ask:

• Are your clients planning to downsize, divorce or move out of state?

• Are high carrying costs (mortgage, taxes, maintenance) becoming a

burden for them?

• Has your client purchased another house?

• Does your client have at least 25% equity in their home?

• Does your client need to liquidate an estate?

• Does your client’s property have unique features – for example, a

mountain or waterfront view, exceptional upgrades or landscaping?

• Is the subject property vacant? Quick sale eliminates the risk of vandalism.

• Is your client a developer who needs to jump start sales or close out a project?

A well executed auction can build viral interest in a subdivision.

• Is the listing about to expire?

If you answered yes to one or more of these questions, you might want to advise your client to consider auctioning their home.

Most auction companies welcome broker participation and you can earn a commission for bringing a seller or a buyer. The key is to do your research – offer to help your client by accompanying them as they interview a couple of real estate auction companies. Some auction companies even also offer classes on Real Estate Auctions for brokers. In any case, auction is a good tool to have in your box.

Do any of you have experience with real estate auctions? Would you like to learn more about them? We would love to hear your feedback.

Click here for a free Carrying Cost Comparison: Selling via Auction vs Conventional Sale. If you have any questions about selling at real estate auctions or would like to take our next CE Class, please feel free to contact us at 877-612-8494.

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

AJ Karas Auctioneers Aurora 3 Bedroom 3 Bath $124,500

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Fri, 17 Dec 2010 16:21:18 -0800

Location - Location - Location!

Don't miss this chance to buy this first class remodel of a classic townhome - it shows like a model!

You will love this home - it's model perfect and simply adorable! And what a location: you'll be living in a peaceful, park like setting near Denver's best restaurants and entertainment, surrounded by parks and trails.

Everything is brand new top to bottom: walls, paint, kitchen, cabinets, bathrooms: tubs, showers, vanities, tile, carpet, baseboard trim, stainless steel appliances, granite countertops, French door - even the light switches!

You simply can't beat this kind of quality, especially for the price!

At $124,500, this home is priced below other units in the area.

VIRTUAL TOUR:

http://homesite.obeo.com/viewer/default.aspx?tourid=635107&refurl=www.ajkaras.com

Come make an offer!

If you are a broker, come show it and sell it - this one will be EASY TO SELL and won't last long!

AT A GLANCE

Property Type: TownhouseAddress: 13953 E. Jewel Ave. Aurora, CO 80012
County: Arapahoe
Home Owners Association: 217
Bedrooms: 3
Bathrooms: 3
Yard: Fenced with patio
Finished Square Feet: 1,568
Total Square Feet: 1,568
Year Built: 1974, completely remodeled in 2010
Community Amenities: pool, clubhouse, common area, greenbelt
Price: $124,500
MLS Number: 945771
Secondary MLS Number: 642359

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

Goldmie Casino Online Auction Preview this Satruday November 27th

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Wed, 24 Nov 2010 14:01:29 -0800

Description
PRIME INVESTOR OPPORTUNITY

Don’t Miss this Opportunity to Own this Landmark Casino in Blackhawk, Colorado for a Fraction of It’s Value!

The Goldmine Casino

120 and 130 Clear Creek Street, Black Hawk, CO 80422

Sealed Bids Due: Wed. Dec. 8 by 5:00 PM MST
Live Auction for Top Three Bidders: Saturday Dec. 11 at 1:07 PM MST
Preview Dates: Sat. November 27 and December 4 from 2:00 to 4:00 PM
Financing: The current lien holder is willing to consider funding a purchase money loan to a new buyer. Based on lender qualifications and term. Please contact our offer for more information and to speak with the lender.
Broker Co-Op: 3%

Bid to win this casino in the heart of Colorado’s gaming capital, and maybe you’ll win the jackpot!

Black Hawk is the leader in the central Colorado gaming industry because of its proximity to the Denver area and the size of its casinos. The location of the Goldmine Casino is well suited to the operation of a casino gaming facility. It is conveniently situated amid a thriving casino gaming area that enjoys a large patronage base coming from metropolitan Denver as well as area tourists.

The 10,900 SF former Goldmine Casino building comes with $400,000 in soft costs including a business plan, completed structural engineering analysis, complete approved renovation plans, and construction drawings to build it out to a state of the art 15,654 SF gaming facility.

With all of these plans already in place and approved, you’ll be poised to hit the ground running. However, if you want to do something different, the Goldmine is a blank slate, and either way you can create the casino of your dreams!

In addition to the casino, you will be getting a 15,000 SF parking lot (approx. 40 spaces) – plus access to 400 adjacent parking spaces. This is a HUGE advantage: research shows that most visitors will visit up to 3 casinos within walking distance of their parking space. This makes the Goldmine site a prime position, plus it has the added advantage of being within easy walking distance from the new Ameristar Casino.

This is a hot and growing market, and this is the only prime site ready for development in town at this time.

Gaming numbers are up, and business in Black Hawk is robust: casino revenue (adjusted gross proceeds) increased by 12.6% during the last fiscal year (June 2009 – June 2010) in spite of the slow economy**.

As the new owner of this casino, you will be uniquely positioned to profit from the recent changes in Colorado’s gaming laws. Higher wager limits, the addition of craps and roulette, and expanded 24/7 hours of operation have helped make Colorado’s casino industry more profitable than ever.

Projections by casino experts indicate that the casino has the potential to generate gaming revenue of $10.7 million annually, after a typical ramp-up period, with an EBITDA of $2.9 million***.

Please note the following projections were derived from the Palermo Economic Feasibility Study located on this website in the Property Information Package section. These documents are titled Feasibility Study and Table Gaming Memo. We recommend you do your due diligence in addition to reviewing these documents.

The five year projection contemplates an initial ramp-up year, with revenue reaching the ‘fair-share’ level by the twelfth month of the first year, and then increasing by the rate of 5% annually, to reflect inflation and historical market growth. Included in the cash flow projection are allocations for principal and interest payments based on $2 million of equity, a short term note of $2 million at 8.25% interest over three years, and a long term note in the amount of $7.75 million, at 8.25% over twenty years. ***

Market demand from within the Denver metropolitan area is quite strong and growing. Based on our proprietary gaming market assessment models, we measured overall demand of $989 million annually for readily accessible nearby casinos with a full assortment of games and no wager limitations. ***

There is significant room for growth: about two thirds of the overall market potential is being absorbed by the area casinos, leaving an unmet demand of $327.6 million, of which $162.1 million is for slot machines, and $132.4 million for table games.***

So ante up: don’t miss this opportunity to own this historic casino for a fraction of its value!

AT A GLANCE

Existing Square Footage: 10,900

Lot Size: 32,000 SQ FT (Building: 15,654+, Parking Lot size: 15,000+)

Capacity: 225 slot machines, 10 table games

Taxes: ($9,136.00 in 2005)

Available Parking Spaces: 15,000 SF parking lot (approx. 40 spaces) – plus access to 400 adjacent parking spaces

Projected Annual Revenue: $10.7 million** prior to amendment 50

Stabilized EBITDA: $2.9 million** prior to amendment 50

Location: Highway 119 frontage, in the $600 million Black Hawk gaming market

Projected AGP per machine: conservatively estimated at: $100.00 per day
(Note: average AGP in Blackhawk: $181.00 per day)***

Projected “per table”: Conservatively estimated at $750.00 (Note: average per table in Black Hawk estimated at $1054.00 per day)****

* Source: Colorado Dept. of Revenue, Gaming Division

** The Pueblo Chieftain, Aug. 8, 2010 reporting from interview with Don Burmania, CO Dept. of Revenue Gaming Division

*** Source: Palermo Economic Feasibility Study, William J. Palermo Gaming & Resort Development, Inc.

**** Source: Table Game Memo (Palermo Gaming & Development) See complete report located on this site
in the Property Information Package under “Table Game Memo”

ALL NUMBERS, WHICH HAVE BEEN SUPPLIED BY AREA CASINO EXPERTS, ARE DEEMED RELIABLE BUT ARE NOT GUARANTEED. THE SUCCESSFUL WINNING BIDDER MUST ACKNOWLEDGE THAT THE AUCTIONEER AND THE SELLER HAVE MADE NO WARRANTY OR REPRESENTATION OF ANY TYPE AS TO THE PROPERTY AND THAT THE PROPERTY IS SOLD WITHOUT WARRANTIES WHATSOEVER, EXPRESSED, OR IMPLIED, AND SPECIFICALLY THERE IS NO WARRANTY OR MERCHANTABILITY AND NO WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE. THOUGH ALL DESCRIPTION AND COMMENTARY ARE BELIEVED TO BE CORRECT, IN NO EVENT SHALL AUCTIONEER OR SELLER BE HELD RESPONSIBLE FOR HAVING MADE OR IMPLIED ANY WARRANTY OR DESCRIPTIONS, GENUINENESS, CONDITION, ETC. THE PROPERTY IS OPEN TO THOROUGH PUBLIC INSPECTION AND MAKING A BID IS AN ACKNOWLEDGEMENT THAT EACH BIDDER HAS HAD AMPLE OPPORTUNITY TO, AND HAS INSPECTED THE PROPERTY. AUCTIONEER RESERVES THE RIGHT TO WITHDRAW ANY ITEM BEFORE OR DURING THE AUCTION.

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

Goldmin Casino Online Auction

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Sun, 21 Nov 2010 16:23:15 -0800

Auction type:
Reserve Auction

Description
PRIME INVESTOR OPPORTUNITY

Don’t Miss this Opportunity to Own this Landmark Casino in Blackhawk, Colorado for a Fraction of It’s Value!

The Goldmine Casino

120 and 130 Clear Creek Street, Black Hawk, CO 80422

Sealed Bids Due: Wed. Dec. 8 by 5:00 PM MST
Live Auction for Top Three Bidders: Saturday Dec. 11 at 1:07 PM MST
Preview Dates: Sat. November 27 and December 4 from 2:00 to 4:00 PM
Financing: The current lien holder is willing to consider funding a purchase money loan to a new buyer. Based on lender qualifications and term. Please contact our offer for more information and to speak with the lender.
Broker Co-Op: 3%

Bid to win this casino in the heart of Colorado’s gaming capital, and maybe you’ll win the jackpot!

Black Hawk is the leader in the central Colorado gaming industry because of its proximity to the Denver area and the size of its casinos. The location of the Goldmine Casino is well suited to the operation of a casino gaming facility. It is conveniently situated amid a thriving casino gaming area that enjoys a large patronage base coming from metropolitan Denver as well as area tourists.

The 10,900 SF former Goldmine Casino building comes with $400,000 in soft costs including a business plan, completed structural engineering analysis, complete approved renovation plans, and construction drawings to build it out to a state of the art 15,654 SF gaming facility.

With all of these plans already in place and approved, you’ll be poised to hit the ground running. However, if you want to do something different, the Goldmine is a blank slate, and either way you can create the casino of your dreams!

In addition to the casino, you will be getting a 15,000 SF parking lot (approx. 40 spaces) – plus access to 400 adjacent parking spaces. This is a HUGE advantage: research shows that most visitors will visit up to 3 casinos within walking distance of their parking space. This makes the Goldmine site a prime position, plus it has the added advantage of being within easy walking distance from the new Ameristar Casino.

This is a hot and growing market, and this is the only prime site ready for development in town at this time.

Gaming numbers are up, and business in Black Hawk is robust: casino revenue (adjusted gross proceeds) increased by 12.6% during the last fiscal year (June 2009 – June 2010) in spite of the slow economy**.

As the new owner of this casino, you will be uniquely positioned to profit from the recent changes in Colorado’s gaming laws. Higher wager limits, the addition of craps and roulette, and expanded 24/7 hours of operation have helped make Colorado’s casino industry more profitable than ever.

Projections by casino experts indicate that the casino has the potential to generate gaming revenue of $10.7 million annually, after a typical ramp-up period, with an EBITDA of $2.9 million***.

Please note the following projections were derived from the Palermo Economic Feasibility Study located on this website in the Property Information Package section. These documents are titled Feasibility Study and Table Gaming Memo. We recommend you do your due diligence in addition to reviewing these documents.

The five year projection contemplates an initial ramp-up year, with revenue reaching the ‘fair-share’ level by the twelfth month of the first year, and then increasing by the rate of 5% annually, to reflect inflation and historical market growth. Included in the cash flow projection are allocations for principal and interest payments based on $2 million of equity, a short term note of $2 million at 8.25% interest over three years, and a long term note in the amount of $7.75 million, at 8.25% over twenty years. ***

Market demand from within the Denver metropolitan area is quite strong and growing. Based on our proprietary gaming market assessment models, we measured overall demand of $989 million annually for readily accessible nearby casinos with a full assortment of games and no wager limitations. ***

There is significant room for growth: about two thirds of the overall market potential is being absorbed by the area casinos, leaving an unmet demand of $327.6 million, of which $162.1 million is for slot machines, and $132.4 million for table games.***

So ante up: don’t miss this opportunity to own this historic casino for a fraction of its value!

AT A GLANCE

Existing Square Footage: 10,900

Lot Size: 32,000 SQ FT (Building: 15,654+, Parking Lot size: 15,000+)

Capacity: 225 slot machines, 10 table games

Taxes: ($9,136.00 in 2005)

Available Parking Spaces: 400 including available spaces at adjacent casino

Projected Annual Revenue: $10.7 million** prior to amendment 50

Stabilized EBITDA: $2.9 million** prior to amendment 50

Location: Highway 119 frontage, in the $600 million Black Hawk gaming market

Projected AGP per machine: conservatively estimated at: $100.00 per day
(Note: average AGP in Blackhawk: $181.00 per day)***

Projected “per table”: Conservatively estimated at $750.00 (Note: average per table in Black Hawk estimated at $1054.00 per day)****

* Source: Colorado Dept. of Revenue, Gaming Division

** The Pueblo Chieftain, Aug. 8, 2010 reporting from interview with Don Burmania, CO Dept. of Revenue Gaming Division

*** Source: Palermo Economic Feasibility Study, William J. Palermo Gaming & Resort Development, Inc.

**** Source: Table Game Memo (Palermo Gaming & Development) See complete report located on this site
in the Property Information Package under “Table Game Memo”

ALL NUMBERS, WHICH HAVE BEEN SUPPLIED BY AREA CASINO EXPERTS, ARE DEEMED RELIABLE BUT ARE NOT GUARANTEED. THE SUCCESSFUL WINNING BIDDER MUST ACKNOWLEDGE THAT THE AUCTIONEER AND THE SELLER HAVE MADE NO WARRANTY OR REPRESENTATION OF ANY TYPE AS TO THE PROPERTY AND THAT THE PROPERTY IS SOLD WITHOUT WARRANTIES WHATSOEVER, EXPRESSED, OR IMPLIED, AND SPECIFICALLY THERE IS NO WARRANTY OR MERCHANTABILITY AND NO WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE. THOUGH ALL DESCRIPTION AND COMMENTARY ARE BELIEVED TO BE CORRECT, IN NO EVENT SHALL AUCTIONEER OR SELLER BE HELD RESPONSIBLE FOR HAVING MADE OR IMPLIED ANY WARRANTY OR DESCRIPTIONS, GENUINENESS, CONDITION, ETC. THE PROPERTY IS OPEN TO THOROUGH PUBLIC INSPECTION AND MAKING A BID IS AN ACKNOWLEDGEMENT THAT EACH BIDDER HAS HAD AMPLE OPPORTUNITY TO, AND HAS INSPECTED THE PROPERTY. AUCTIONEER RESERVES THE RIGHT TO WITHDRAW ANY ITEM BEFORE OR DURING THE AUCTION.

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

Happy Halloween

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Fri, 29 Oct 2010 16:20:17 -0700

Happy Halloween form AJ Karas Auctioneers

Hope you are having a Great October and Look for new information on Upcoming Auctions in the Beautiful November Season!!!!

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

Denver Auction Tomorrow Min Bid 198000

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Thu, 23 Sep 2010 15:12:48 -0700

Don't Miss out on this amazing House that you could call Home!!! A 4 bedroom 1 bath 2 car garage in Denver!! What Could be better.

www.ajkaras.com

Min. Bid $198,000. Home Will ABSOULTELY SELL after Minimum Bid is Met!

3837 Umatilla St. Denver, CO

Auction Date: Friday September 24th at 11:07 AM

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

AJ Karas Auctioneers Umatilla Home Preview TODAY

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Sat, 18 Sep 2010 13:10:40 -0700

Don't Miss This Chance of a Lifetime to Buy This Classic Home at a Fraction

Of It's Value!

Min. Bid $198,000, & This Home Will Absolutely Sell after Minimum Bid is Met!

Previously Valued at $305,000

Auction Date: Friday Sept. 24 at 11:07 AM

Preview Dates: Sat. Sept. 11 & 18, 10:00 AM - 12:00 PM

3837 Umatilla Street * Denver, CO

This charming one and a half story home is a terrific investment in one of Denver's best up and coming neighborhoods, and numerous upgrades have already been completed.

Hardwood floors and a fireplace give this home warmth and character, and the interior doors and windows are beautifully accented with wood trim.

It's light, bright interior spaces offer many wonderful décor possibilities, and it has central air conditioning to keep things cool on warm summer days.

There is plenty of room for a family or a home office setup, with four bedrooms, three baths, and a basement that can be used for storage or finished to your liking.

The house has a classic brick exterior, covered porches and a detached two car garage.

This home is move in ready with oven, range and refrigerator. Outside, there is a fenced yard and sprinkler system. At 1/4 acre, this is a generously sized lot.

If you like classic updated older homes, you will love this house! It's neat and clean and move-in ready. People have been buying and renovating homes throughout this neighborhood and it is on its way to becoming one of Denver Metro's most sought after enclaves.

Don't miss out on this incredible opportunity! Call today for more information (303) 954-8631.

www.ajkaras.com

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

TOMORROW TICONDEROGA Ranch Auction

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Thu, 16 Sep 2010 18:26:27 -0700

Tomorrow is the Ticonderoga Ranch Auction

Ticonderoga Ranch is a Hunter's and a Trout Fisherman's Dream!

Auction Date: Friday September 17 at 1:07 PM

The Ticonderoga Ranch
Parcels to be Auctioned (*Note: list updated Sept. 16 to reflect parcels that have been sold)
(To download a printable map of parcels, please go to the Info Packet and click on Printable Map)

Group 1 (grey shaded areas)
Land with Conservation and Recreation Easements:
To include Chavez Creek cabin and Hunting rights
416 acres - complete with power and water to cabin
1. Rocky Mountain Elk Foundation Conservation Easement / cabin 395.57 acres (cannot be subdivided)
2. Badger Greenbelt - 13.76 acres
3. Big Oaks Greenbelt - 1.84 acres
4. Bobcat Lake Greenbelt - .6 acres
5. Ticonderoga Lake Greenbelt - 1.83 acres
6. Hidden Pond Greenbelt - 2.80 acres
Land owned by Mundy Ranch, Easements owned by Ticonderoga Recreation Association

Group 2 (yellow shaded areas) hunting lots - One to be sold Absolute
Tract #4 - 164.56 acres- power/water complete by October 2011
Tract #8 - 143.15 acres-well done, Solar by buyer or bring electricity to property at buyers expense
Tract #12 - 143.19 acres- power and water complete by November 30, 2010 to lot line

Group 3 (pink shaded areas) hunting lots- One to be sold Absolute
Tract #3 North - 71.80 acres- power and water complete by October 2011
Hidden Canyon #3 - 35.0 acres- Well available for owners use, but owner will need to provide pump and electricity. These expenses can be shared with 2 other owners.

Group 4 (green shaded) To be sold Absolute
Badger Park #6 - 27.93 acres
Power and water complete by October 2011 to all of Group 4

Group 5 (purple shaded area) One to be sold Absolute
Hidden Canyon #1 - 12.5 acres- well available, power Solar by buyer; or use live power easement 500 yards
Hidden Canyon #4 - 10 acres- well available, power SOLAR by buyer; or use live power easement 500 yds.
Tract # 2 North - 21.0 acres - Power and water complete by October 2011
(also known as Tract 2 East on map)

Group 6 (orange shaded areas)
Elkview #4 (on plat 3-A-2) - 5.16 acres ( Absolute)
Lake View #4 - 5.18 (sold)
La Espuela #3 - 5.29 acres (sold)
La Espuela #4 - 5.41 acres (sold)
Vista Point #5 - 7.25 acres (Absolute)
Aspen Bluff # 1 - 5.19 acres (Absolute)
Canyons End #1 - 9.16 acres (Absolute)
Canyons End #3 - 5.00 acres (Absolute)
Canyons End #4 - 8.10 acres (Absolute)
Canyons End #5 - 5.52 acres (Absolute)
Hidden Canyon #5 - 6.90 acres (Absolute)
Power and water complete by November 30, 2010 on all Group 6

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

The Ticonderoga Ranch This Friday the 17th

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Wed, 15 Sep 2010 13:18:33 -0700

Don't Miss this Chance to Own a Piece of Rocky Mountain Heaven for a Fraction Of its Value!

We will auction 27 Exquisite Rocky Mountain Parcels in Chama, New Mexico, and 15 will sell ABSOLUTE REGARDLESS OF PRICE!

The developer is committed to conservation and protecting the environment, so this gorgeous land will remain a true Rocky Mountain paradise for years to come.

Lot sizes ranging from five acres to over 395 acres will be AUCTIONED, so there s something for everyone, whether you prefer stunning mountain vistas, rolling valleys, or a quiet forested setting. Please see the list below of available parcels for a detailed breakdown of lot sizes and locations.

Access to over 500 acres of protected open space with every parcel.

And owners of parcels 35 acres and over can hunt on their own land!

Preview Dates: Please call for private showing

Auction Date: Friday September 17 at 1:07 PM

You ‘ve dreamed of heaven on earth &welcome to The Ticonderoga Ranch, located next to the Chama Land & Cattle Company in the Chama River Valley in Northern New Mexico, a private gated community surrounded by the splendor of the Northern New Mexico Rockies. Encompassing over 2000 acres of pristine, unspoiled acres with a 395 acres Conservation Easement, the Ticonderoga offers a limited number of outstanding parcels. A land of mountain waters, this protected open space is breathtakingly beautiful and provides endless hours of relaxation and recreation.

Ticonderoga is a paradise for fishermen, hunters and ANYONE who loves outdoor recreation and living. As a resident, you'll have miles of private access to fishing in rivers, creeks and nine well stocked fishing lakes. Hunting and photo safari opportunities abound with abundant wildlife in this gorgeous alpine environment: elk, deer, wild turkey, grouse, black bear, and more.

~Stunning Rocky Mountain scenery

~Gravel driveways with all parcels

~ Underground utilities to lot line

~395 acre Conservation Easement

~Two miles of private Chavez Creek Access

~Five mile of private Conejos Creek Access

~Over a mile of private Brazos River Access

~Nine stocked private lakes

~Waterfalls

~Year round recreation

Ticonderoga Ranch is in close proximity to: Rio Grande National Forest, Carson National Forest, Santa Fe National Forest, Sargent Wildlife Area, Humphries Wildlife Area, Aravedo Lake and Heron Lake

If you think Yosemite Park is beautiful, you will love Ticonderoga. September 17 is your last chance to buy at a great price and build now, or buy and hold for the future. Interest in these parcels has been high so don t wait register now to bid. THE TIME IS NOW! Don t Miss this incredible opportunity Call (303) 954-8631. Online bidding is available.

New Mexico Broker

United Country Northern New Mexico Real Estate

Doris Serrano

575-209-0016

The Ticonderoga Ranch

Parcels to be Auctioned

Group 1

Land with Conservation and Recreation Easements:

To include Chavez Creek cabin and Hunting rights

416 acres

Rocky Mountain Elk Foundation Conservation Easement / cabin 395.57 acres (cannot be subdivided)

Badger Greenbelt - 13.76 acres

Big Oaks Greenbelt 1.84 acres

Bobcat Lake Greenbelt - .06 acres

Ticonderoga Lake Greenbelt - 1.83 acres

Hidden Pond Greenbelt - 2.80 acres

Land owned by Mundy Ranch, Easements owned by Ticonderoga Recreation Association

Group 2 hunting lots-one to be sold Absolute

Tract #4 - 164.56 acres

Tract #8 - 143.15 acres

Tract #12 - 100.00 acres

Group 3 hunting lots-one to be sold Absolute

Tract #3 North - 71.80 acres

Tract #12 West - 41.94 acres

Hidden Canyon #3 - 35.0 acres

Group 4 One to be sold Absolute

Badger Park #1 - 17.78 acres

Badger Park #2 - 16.29 acres

Badger Park #3 - 34.35 acres

Badger Park #4 - 16.05 acres

Badger Park #5 8.01 acres

Badger Park #6 - 27.93 acres

Group 5 One to be sold Absolute

Hidden Canyon #1 12.5 acres

Hidden Canyon #4 - 10 acres

Tract # 2 North - 21.0 acres

(also known as Tract 2 East on map)

Group 6 All to be sold Absolute

Elkview #4 (on plat 3-A-2) 5.16 acres

Lake View #4 5.18

La Espuela #3 - 5.29 acres

La Espuela #4 5.41 acres

Vista Point #5 7.25 acres

Aspen Bluff # 1 5.19 acres

Canyons End #1 9.16 acres

Canyons End #3 5.00 acres

Canyons End #4 8.10 acres

Canyons End #5 5.52 acres

Hidden Canyon #5 6.90 acres

AJ Karas Auctioneers

877-612-8494

www.ajkaras.com

Ticonderoga Ranch is a Hunter's and a Trout Fisherman's Dream!

AJ Karas Auctioneers (AJ Karas Auctioneers, LLC) — Wed, 01 Sep 2010 22:16:58 -0700

The developer is committed to conservation and protecting the environment, so this gorgeous land will remain a true Rocky Mountain paradise for years to come.

Lot sizes ranging from five acres to over 395 acres will be AUCTIONED, so there's something for everyone, whether you prefer stunning mountain vistas, rolling valleys, or a quiet forested setting. Please see the list below of available parcels for a detailed breakdown of lot sizes and locations.

Access to over 500 acres of protected open space with every parcel.

And owners of parcels 35 acres and over can hunt on their own land!

Preview Dates: Please call for private showing
Auction Date: Friday September 17 at 1:07 PM

You've dreamed of heaven on earth...welcome to The Ticonderoga Ranch, located next to the Chama Land & Cattle Company in the Chama River Valley in Northern New Mexico- a private gated community surrounded by the splendor of the Northern New Mexico Rockies. Encompassing over 2000 acres of pristine, unspoiled acres with a 395 acres Conservation Easement, the Ticonderoga offers a limited number of outstanding parcels. A land of mountain waters, this protected open space is breathtakingly beautiful and provides endless hours of relaxation and recreation.
Ticonderoga is a paradise for fishermen, hunters - and ANYONE who loves outdoor recreation and living. As a resident, you'll have miles of private access to fishing in rivers, creeks and six well stocked fishing lakes. Hunting and photo safari opportunities abound with abundant wildlife in this gorgeous alpine environment: elk, deer, wild turkey, grouse, black bear, and more.

► Stunning Rocky Mountain scenery
► Gravel driveways to most parcels
► Underground utilities to lot line
► 395 acre Conservation Easement
► Five miles of private Chavez Creek Access
► Six stocked private lakes
► Waterfalls
► Year round recreation

Ticonderoga Ranch is in close proximity to: Rio Grande National Forest, Carson National Forest, Santa Fe National Forest, Sargent Wildlife Area, Humphries Wildlife Area, El Vado Lake and Heron Lake

If you think Yosemite Park is beautiful, you will love Ticonderoga. September 17 is your last chance to buy at a great price and build now, or buy and hold for the future. Interest in these parcels has been high so don't wait - register now to bid. THE TIME IS NOW!Don't Miss this incredible opportunity Call (303) 954-8631. Online bidding is available.

New Mexico Broker
United Country Northern New Mexico Real Estate
Doris Serrano
575-209-0016

The Ticonderoga Ranch
Parcels to be Auctioned
(To download a printable map of parcels, please go to the Info Packet and click on Printable Map)

Group 1 (grey shaded areas)
Land with Conservation and Recreation Easements:
To include Chavez Creek cabin and Hunting rights
416 acres - complete with power and water to cabin
1. Rocky Mountain Elk Foundation Conservation Easement / cabin 395.57 acres (cannot be subdivided)
2. Badger Greenbelt - 13.76 acres
3. Big Oaks Greenbelt - 1.84 acres
4. Bobcat Lake Greenbelt - .6 acres
5. Ticonderoga Lake Greenbelt - 1.83 acres
6. Hidden Pond Greenbelt - 2.80 acres
Land owned by Mundy Ranch, Easements owned by Ticonderoga Recreation Association

Group 2 (yellow shaded areas) Hunting Lots - One to be Sold Absolute - Your Choice!

1. Tract #4 - 164.56 acres - power and water complete by October 2011
2. Tract #8 - 143.15 acres - well done; power SOLAR by buyer or bring electricity to property at owner's expense
3. Tract #12 - 100.00 acres - power and water complete by November 30, 2010 to lot line

Group 3 (pink shaded areas) Hunting Lots - One to be Sold Absolute - Your Choice!

1. Tract #3 North - 71.80 acres - power and water complete by October 2011
2. Tract #12 West - 41.94 acres - power and water complete by November 30, 2010 to lot line
3. Hidden Canyon #3 - 35.0 acres - power overhead & well tap available on #2.
Well is available for owner's use, but owner will need to provide pump
and electricity. These expenses can be shared with 2 other owners.

Group 4 (green shaded) One to Be Sold Absolute - Your Choice!

1. Badger Park #1 - 17.78 acres - power and water complete by October 2011
2. Badger Park #2 - 16.29 acres - power and water complete by October 2011
3. Badger Park #3 - 34.35 acres - power and water complete by October 2011
4. Badger Park #4 - 16.05 acres - power and water complete by October 2011
5. Badger Park #5 - 8.01 acres - power and water complete by October 2011
6 Badger Park #6 - 27.93 acres - power and water complete by October 2011

Group 5 (purple shaded area) One to Be Sold Absolute - Your Choice!

1. Hidden Canyon #1 - 12.5 acres - well available; power SOLAR by buyer; or use live power easement 500 yards
2. Hidden Canyon #4 - 10 acres - well available; power SOLAR by buyer; or use live power easement 500 yards
3. Tract # 2 North - 21.0 acres - power and water complete by October 2011
(also known as Tract 2 East on individual plat map)

Group 6 (orange shaded areas) All to Be Sold Absolute - Regardless of Price!

1. Elkview #4 (on plat 3-A-2) - 5.16 acres - power and water complete by November 30, 2010
2. Lake View #4 - 5.18 - power and water complete by November 30, 2010
3. La Espuela #3 - 5.29 acres - power and water complete by November 30, 2010
4. La Espuela #4 - 5.41 acres - power and water complete by November 30, 2010
5. Vista Point #5 - 7.25 acres - power and water complete by November 30, 2010
6. Aspen Bluff # 1 - 5.19 acres - power and water complete by November 30, 2010
7. Canyons End #1 - 9.16 acres - power and water complete by November 30, 2010
8. Canyons End #3 - 5.00 acres - power and water complete by November 30, 2010
9. Canyons End #4 - 8.10 acres - power and water complete by November 30, 2010
10. Canyons End #5 - 5.52 acres - power and water complete by November 30, 2010
11. Hidden Canyon #5 - 6.90 acres - power and water complete by November 30, 2010

AJ Karas Auctioneers

877-612-8494