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CHI Realty, the real estate subsidiary of CHI, is auctioning a two-family home in Kingston, NY on Sunday, May 4 through a unique program known as the Negotiated Auction™. Bidding for the property, located at 128 Clifton Avenue, starts at only $110,000. Prospective bidders can view the home at an open house held between 1:00 pm and 4:00 pm on Saturday, April 26; Sunday, April 27; Saturday, May 3; and Sunday, May 4.

The auction will be held on Sunday, May 4 from 5:00 pm – 7:00 pm at the Howard Johnson Inn in Saugerties, NY.

Unlike customary home auctions that require a 10-percent down payment, which is lost if the buyer does not close within 30 days, the Negotiated Auction™ allows serious bidders a 10-day period to decide. The bidder also gets to see an independent home inspection report before bidding. If the bidder subsequently decides not to sign a contract or fails to secure a mortgage, the deposit is refunded.

CHI can assist bidders with pre-qualification, if requested, because of its relationships with several banks. Bidders typically need to have at least the initial bid price in cash at a bank, a mortgage pre-qualification letter, or a combination of the two.

For additional information, contact Charles Hinds, Licensed Real Estate Broker, at (914) 424-9004 or chinds@chirealty.org.

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