Sellers Reserve Southern CaliforniaProof of Concept Proposal
A simpler proposition · For Bill Ashmore

Help fund the proof.
Secure the opportunity.
Decide with evidence.

Sellers Reserve Southern California: a private sales platform for exceptional real estate, representing select properties from $3 million across Orange County, Los Angeles and San Diego.

$550K secured facility12-month proofOption on 20%
A significant Southern California residence
01What we actually do

Not an auction. A repeatable property sales system.

One business, three interconnected capabilities. Each makes the other two more valuable.

1

Auction

Creates a defined sales event and a competitive environment.

2

Marketing

Creates the attention and buyer pool that make the event work.

3

Training

Creates the agents, listings and distribution that scale it.

Without marketing, an auction is simply an event.

Without the method, marketing creates attention but no urgency.

Without training, there is no network to list and deliver it.

02The problem

Significant homes sit, age and reduce.

At the top of the market, an open-ended listing drifts. Every month costs the owner carrying costs, momentum and negotiating power, and invites the price cut that signals weakness.

03Our solution

Attention. Urgency. Competition.

STEP 1
Attention
STEP 2
Urgency
STEP 3
Competition
STEP 4
Defined process

Marketing creates attention. The defined sale creates urgency. Competition discovers price.

04Your concern, head on

“I don’t like the stigma of auctions.”
Neither do we.

The problem is not auction. It is how auction has been positioned. At the low end it means foreclosure. At the high end it already means fine art, collector cars, jewelry and watches. We place real estate firmly in the second category.

Traditional perception
  • Distressed
  • Cheap
  • Forced sale
  • Last resort
Sellers Reserve
  • ✓ Curated
  • ✓ Luxury
  • ✓ Competitive
  • ✓ High visibility
  • ✓ Defined timeframe
  • ✓ Professional representation
  • ✓ Seller-controlled reserve
A curated sale event
The category already exists

Sotheby’s Concierge Auctions sells multimillion-dollar homes through curated auctions, including 2026 sales of roughly $3.0M, $3.6M, $4.1M, $9.6M and $12.4M. Its January 2026 New York event reported every offered property sold and more than $265 million in aggregate bidding.

Company-reported figures, cited as evidence the category exists, not as a forecast for Sellers Reserve.

Auction isn’t the brand. Competition is the strategy.

Luxury residence interior
05Why the repositioning matters

Select properties from $3 million.

Sellers Reserve represents a curated portfolio of significant Southern California properties, generally valued from $3 million, using intensive marketing, competitive buyer engagement and a defined sales process designed to create urgency and price discovery.

Who we represent defines how we are seen. Stigma attaches to distressed, low-value property. By working only at $3M+, every Sellers Reserve sale is associated with exceptional homes, never with foreclosure.

It places us in the prestige category. At this level, competitive sale already means Sotheby's, fine art and collector cars. Buyers and sellers read it as exclusivity, not desperation.

The seller stays in control. A confidential, seller-set reserve means the home is never sold below its minimum. That removes the 'forced sale' fear entirely.

We are selective. Not every $3M home should go to a competitive sale. We decline properties where the method doesn't fit, which protects outcomes and the brand.

06The business engine

Agents become the distribution channel.

Sellers Reserve trains and accredits agents. They stay client-facing, win the listings and introduce us. We supply the method, the marketing, the sale and the support. A distributed sales network, without hundreds of salaried salespeople.

Training→
Listings→
Marketing→
Buyers→
Auction→
Results→
More agents & listings
↺
07The Southern California opportunity

The luxury market already exists.

Across Los Angeles, Orange and San Diego Counties, 1,628 residential properties sold above $3 million in Q2 2026 alone. We don't need to create this market, only capture a small share of it with a better method of sale.

6,500+
$3M+ homes sell annually

Annualized from 1,628 sales in just three months (Q2 2026).

Los Angeles County
524 at $3–5M + 287 over $5M
811
+9% YoY
Orange County
9.2% of all OC sales, almost 1 in 11
471
+10% YoY
San Diego County
5.8% of all SD sales
346
+23% YoY
What a small share is worth
Market shareSales / yearMin. volume*Revenue @ 1.5%
1%~65~$195M~$2.93M
2%~130~$390M~$5.85M
5%~326~$978M~$14.67M

*Using $3M per sale purely as a conservative floor. The actual average of the $3M+ group is necessarily higher.

Sellers Reserve doesn't need mass-market adoption. Just 1% is roughly 65 sales a year.

Source: Sotheby's International Realty quarterly market reports (MLS-derived, single-family homes and condos), Q2 2026 vs Q2 2025. Annual figures are an annualized run rate, not a trailing 12-month count.

08What $550,000 buys

Your capital buys evidence, and the right to own 20%.

It launches Sellers Reserve Southern California, our first division, as one pooled fund across Orange County, Los Angeles and San Diego: auction execution, property and brand marketing, and agent recruitment, accreditation and training. You get monthly reports against six proof points, and an exclusive option to own a significant share of the business those results build.

PROOF POINT 1

Seller acceptance

Can we consistently secure qualifying $3M+ properties?

PROOF POINT 2

Agent adoption

Can we recruit and train agents to introduce the method?

PROOF POINT 3

Buyer engagement

Can intensive campaigns generate qualified buyer participation?

PROOF POINT 4

Auction performance

Can the process convert listings into competitive sales?

PROOF POINT 5

Unit economics

Does revenue per sale clearly exceed acquisition and campaign cost?

PROOF POINT 6

Repeatability

Can it be reproduced across OC, LA and SD?

09Your protected entry

A 12-Month Proof of Concept Facility.

Not a bridge loan. Not rescue capital. A secured facility with a defined purpose.

Principal
$550,000
Term
12 months from funding
Interest
0% during the initial term
Borrower
Sellers Reserve
Personal Guaranty
Michael Mahon
Use of proceeds
Launch of Sellers Reserve Southern California: OC, LA and SD proof of concept
Reporting
Monthly management and KPI reporting
Repayment
Principal repaid at or before maturity
Option Exercise Deadline
9 months from the funding date
Default
Upon an Event of Default, outstanding amounts accrue interest at the Default Rate set in the definitive loan documents, subject to applicable law
Documentation
Promissory Note, Loan Agreement, Personal Guaranty and Equity Option Agreement
10Your upside

The right, not the obligation, to own 20%.

In consideration of the facility, you receive an exclusive Equity Option to acquire newly issued equity representing 20% of Sellers Reserve, on an agreed fully diluted basis, for an additional investment of $3,000,000. The $550,000 loan is repaid separately and is not credited against the exercise price.

Your decision today
$550,000

12-month loan, personal guaranty, defined use of funds.

Our job
Prove it

Build OC, LA and SD. Win listings, run campaigns, hold sales, train agents, generate revenue.

Your decision at month 9
$3,000,000

Exercise the option, with nine months of evidence in front of you.

You own
20%

Of a business with far more operating proof than exists today.

Month 0
$550,000 funded
Months 1–9
Proof of concept
Month 9
Option decision deadline
Months 9–12
Continued build-out
Month 12
Loan repaid in full
11The decision

Don’t invest $3 million in the vision today. Help fund the proof.

Bill, I’m not asking you to believe everything I believe about Sellers Reserve today. I’m asking for time to prove the core business.

Your capital is a 12-month loan, backed by my personal guaranty. We use it to prove three things: that we can attract high-value listings, create buyer competition through exceptional marketing and sale execution, and build a trained network of agents who can scale the method.

Nine months in, you’ll have something you don’t have today: evidence. That is when you decide whether to invest $3 million for 20%. Either way, we repay the $550,000 by month 12.

If I’m right, you secured your position early. If I’m wrong, you haven’t invested $3 million to find out.

Why now

Sellers Reserve is moving into a concentrated Southern California proof phase. This capital does not decide whether we proceed; it decides how quickly and aggressively. I am offering this structure to you first, before pursuing other capital, and will hold it open until Saturday, 3 October 2026. If there is genuine interest, we move straight to a short-form term sheet and instruct counsel to prepare the definitive documents.

Indicative, non-binding summary for discussion only. No obligation arises until definitive agreements are executed. Pre- or post-issuance measurement, fully diluted capitalization, option pool treatment, governance and information rights, and the effect of any interim financing will be defined by counsel. Each party should obtain independent legal and tax advice.