McMonigle Group’s 90 Day Certain Sale Program Expands
The McMonigle Group—the nation’s top-selling real estate group—launched the 90 Day Certain Sale Program as a solution for a stagnant real estate market earlier this year. Now, buyers and sellers in the U.S. and Mexico are utilizing the 90 Day Certain Sale Program to circulate their inventories.
The 90 Day Certain Sale Program was created by the McMonigle Group as an auction-based setup. Within 90 days there will be a 60-day marketing period and a 30-day escrow. At the start of the program a seller is given a price range that is equal to the real value of a property and asked to set a base price. Each week a home remains in the program, the price will be reduced by a set percentage. After 90 days, if a property doesn’t sell, the seller can continue to reduce the price of the property until he or she finds the right buyer.
The program, which was originally based in Southern California, will now include homes in Hawaii, Las Vegas, Colorado, Arizona, Florida and Mexico. According to John McMonigle’s video on 90daycertainsale.com, any seller who wants to optimize on equity should participate in this program.
90daycertainsale.com is truly a way for buyers to see the activity a certain listing is receiving. A home in Newport Coast, Calif., has obtained 12 bids and is approaching its asking price.
In Newport Beach, Calif., a home received 17 bids and is now pending a $2,050,250 bid. Overall, the program has 41 homes from $17.5 million to $225,000.
—Lauren Varga
Photo courtesy The McMonigle Group
