Hamilton Countys Most Dramatic Terrain to Be Sold at Absolute Auction

Indianapolis, IN June 10, 2006 -- Six of Hamilton County's8217;s most dramatic home sites - Geist Lake Forest - will be featured in an Absolute* Public Auction on Saturday, June 17, 2006. The event will commence at 12:30 PM on the property which is located on the east side of Florida Road just south of 113th Street. Each 5-acre plus parcel sits behind the state-of-the-art security of a steel and stone electronic access gate and includes a deeded boat dock on nearby Geist Reservoir.

Julie Bandy of Century 21 Preferred Properties is the listing agent. She's8217;s excited to be able to bring this unique property to market in a rather unique manner 's8211; a public auction. From the initial decision to hold the auction, Bandy has been asked repeatedly about this unusual way to sell such premier real estate.

's8220;Dr. Vasilis Makris, owner and developer of Geist Lake Forest, purchased the property for himself a few years ago, developed it by bringing in all utilities, getting it subdivided, platted and recorded, clearing trees, and building and paving a road into the property,'s8221; explains Bandy. 's8220;It could take years to find the right buyer for these lots because with a traditional listing the marketing campaign is much more conservative. Therefore, one of the reasons he chose to auction is because Dr. Makris wants to keep a lot for himself to build on,'s8221;

's8220;It would be the perfect arrangement to sell the lots all at once, get all the construction started within 24 months so that the road can be repaved, finish the manicuring of the common ground, and have the project completed so that we can begin enjoying our quiet and private home sites,'s8221; said Dr. Makris.

Bandy adds, 's8220;There is no better way of bringing out the truest market value in property than gathering a group of interested buyers together and simply asking, 's8216;What are you willing to pay for this's8217; What takes most realtors months and sometimes years to sell, will take us an hour and a half.'s8221;

The property site features 100 to 200-foot ravines which create breathtaking views of some of the area's8217;s most natural and untouched beauty. Mature trees, unbridled wildlife, and a wide variety of native birds are ready for future homeowners to enjoy in abundance. A newly paved access road winds to the entrance of each five acre estate home site. The infrastructure includes all utilities necessary for immediate connectivity.

Bandy is pleased to announce her partnership with the Broker Auction Team, a leading local real estate auction firm. 's8220;We firmly believe we have put the right team in place to market this premier property,'s8221; said Bandy. 's8220;This type of land is virtually impossible to find in the Geist area today, so it is imperative we do a great job of letting people know about the auction. Our combined areas of expertise promise to make this event one to remember. Without a doubt, this auction will make dreams come true for the winning bidders.'s8221;

Prospective bidders or agents are asked to pre-register online at www.geistlakeforest.com. Sign-in for pre-registered bidders will be available from 10:00 AM to 12:00 noon prior to the auction start at 12:30 PM on June 17th. Comfortable accommodations have been made to protect guests from adverse weather conditions. Guided tours are available from 10:00 AM until 3:00 PM on Saturday, June 3 and Saturday, June 10. Special arrangements for your private tour may be made by calling Julie Bandy, the listing agent, at (317) 710-1237.

About Century 21 Preferred Properties:

Century 21 Preferred Properties, located at the historic Stutz Building in downtown Indianapolis, offers full-service real estate representation in the residential, commercial, and investment markets.

Using a proven strategy, we offer superior service and individual focus to every client. Looking for the next 'sup and coming's downtown neighborhood or tailored office space Our agents will provide outstanding professional service.

Our company measures its philosophy by the 4Ps - Professionalism, Partnership, Performance, and Personalization. You can count on us both now and in the future. Make Century 21 Preferred Properties your 'sPreferred Partner in Real Estate's today!

Each CENTURY 21© office is independently owned and operated. Licensed Real Estate Broker. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Century 21 Real Estate LLC shall be responsible or liable for any typographical errors, mapping errors, misinformation or misprints.

About Broker Auction Team:

The Broker Auction Team is a dedicated group of professionals with a keen interest in the accelerated marketing process of Real Estate Auction. We believe that the use of a highly educated Auction Staff utilizing state-of-the-art marketing techniques is the wave of the future.

Although sale by auction has been widely used in this country for hundreds of years, today's8217;s successful auction company is a quite different breed. Because today's8217;s real estate investor is more savvy than ever, so too must be our entire team. This is not your father's8217;s auction company. Gone are the days of a cowboy hat, an ad in the Sunday paper, and a big sign to bring in bidders. Today's8217;s auction company brings experts to your closing table, experts in the realm of internet strategies, specific target marketing, financing consultation, creative property information packets, and 1031 Tax Exchanges. We have cultivated a group of advisors that include MBA's8217;s, experienced business owners, and marketing professionals.

When we feature your PowerPoint presentation at one of our high energy ballroom auctions, every bidder in the room pays close attention. We create an environment designed to maximize the potential on your investment. And we do all that through a non-contingent offer with a time defined closing.

No matter how complicated or difficult your circumstances, the Broker Auction Team stands ready to help you move on with your life. We look forward to earning your confidence.

*Absolute Auction will take place on the first auction only. All other lots sold subject to seller's8217;s confirmation.

For further information contact:

Mark Kidwell

Marketing Services

Phone: 317-502-0492

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