Dick Hogan, The (Fort Myers, Fla.) News-Press1:30 p.m. EST January 21, 2015
CAPE CORAL, Fla. — Retired businessman James Postema was a patient man as he worked his way up from truck driver into UPS management — but now he's rolling the dice with ahighest-bid-takes-it auctionof his 12,000-square-foot waterfront mansion in Cape Coral.
He's selling the property Feb. 10 at absolute auction, meaning that the highest offer, however low, takes the prize.
The high drama of an auction isn't a practical way for most home sales, which depend on the efforts of a real estate agent to market the property locally.
But it's different for a house at theextreme upper end of the scale, said Monica Walsh of Downing-Frye Realty, theNaples, Fla.-based agent handling the sale for Postema and his wife, Judy.
"We felt this is the best way to have a big audience for the property," with international advertising and marketing to make sure it came to the attention of the high rollers who could make a serious bid, she said.
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