Is auction fever spreading in the real estate industry here?
Broker Diane VonMeister, who has tried unsuccessfully to sell her own McLean home for $875,000, said she plans to auction it off next Saturday. She became interested in the sales technique after a site on 14th Street NW was auctioned off recently for $9.5 million.
Her eight-bedroom, nine-bath French-styled home at 6020 Orris St. just off Rte. 123 near the George Washington Parkway, has six fireplaces, a tennis court, heated pool and a terrace. It was built by John G. Georgelas & Sons Inc. Georgelas was formerly a partner in realty brokerage with VonMeister.
The auction terms require bidders to submit a certified check for $35,000 as a deposit and to fill out a registration form to be eligible for bidding.
However, a sealed reserve price will be placed on the house. It will be opened at the end of the bidding. If the highest bid does not exceed that price, there will be no sale, the broker said.
Unsuccessful bidders will have their deposits returned at the close of bidding. Bidders may be represented by agents, and interested brokers will be invited to the auction, scheduled for Nov. 8, 2 p.m. at the house.
Attorney Dale C. Hogue, who is affiliated with VonMeister Properties Inc., will handle the auction.