“Valentine’s Day is truly going to be an epic holiday to remember for Tacoma’s most famous private home.
“That’s the day the Rust Mansion will be sold to the highest bidder in an online auction designed to attract buyers from all over the world. Bidding opens Feb. 9. There is no reserve so the mansion will sell regardless of the price.” Read the rest of the story at King5.com.
The fact that there is no reserve, that they will take the highest bid regardless, is very telling. Clearly the developer wants out now and sees the housing market declining in the near future. All you stubborn home sellers out there should take note. Lower your price now or the market will lower it for you (a lot) later.