Preparing buyers for the Grand Plaza Penthouses auction

Real estate auctions are fast-moving affairs. When a bidder secures the winning bid he immediately signs a contract. So, it’s critical that bidders prepare fully before arriving at the auction.

Grand Plaza Penthouses, 545 N Dearborn in Chicago’s River North neighborhood, is auctioning its last 10 units at discounts beginning at 48% from the previous prices. The auction will be held on August 26, 2010.

In this video auctioneer Bud Blinick of the Chartwell Group, outlines how his firm helps buyers prepare for the upcoming auction.

In related videos we tour Grand Plaza’s extensive amenities and several of the units.

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