PRINCETON, NJ Restaurant Dining Guide Announcement

Concierge Auctions, LLC, and Arlington Capital Mortgage (ACM), Announce 2011 Partnership

New York based Concierge Auctions, LLC, the leading luxury residential auction company in the US, and Arlington Capital Mortgage (ACM), the Princeton area's oldest and largest player in jumbo mortgages, are pleased to announce their 2011 partnership.  Concierge, which has successfully auctioned luxury homes across the nation for an average sale price of $3.8 million, provides an accelerated marketing solution that generates a guaranteed sale, typically within 60 days, by allowing buyers to name the price during a “live” auction.

Concierge is working with Henderson Sotheby's International Realty in central New Jersey to bring this exciting service to owners of luxury homes in the Princeton area.

In many locales, including Princeton, the inventory of luxury homes as measured by current absorption rates, is approximately 5 or more years, and that is with no new inventory coming on the market.  By placing a home into this unique program, the seller enjoys the benefits of having well-qualified buyers bid against each other to purchase the home and the certainty of a non-contingent sale.  Incentives are offered to bidders who register with opening bids at particular amounts.

Arlington's role will be to qualify prospective bidders, and in some cases do nearly all of the work on a mortgage prior to the auction, so that a winning bidder can not only close in 30 days, but also get mortgage financing in the same time period!

Concierge’s first Princeton auction property is located at 17 Hibben Road and will be sold without reserve, to the highest bidder regardless of price, on February 17^th.  The property was originally listed for $4,200,000.  According to Concierge's Senior Project Manager, Tom Banner, who is on site daily from 1- 4pm, the interest in the property has been strong, and the marketing is just starting.  Sunday January 23^rd, with temperatures in the teens, plenty of ice, and two NFL games, 45 people visited the open house. The Arlington team helping Concierge are Jennifer Hayden and Kevin Kenyon, both long-time residents of the area, with many years of financial services experience catering to wealthy individuals.

Want to learn more?  Visit www.PrincetonAuction.com, call 866-640-7727 or stop by 17 Hibben Road in Princeton, NJ.

For additional information please contact Tom Banner at 970.390.9708/tom.banner@conciergeauctions.com or Kevin Kenyon at 609.945.7513/kkenyon@arlingtoncapital.com or Jennifer Hayden at 609.945.7510/jhayden@arlingtoncapital.com