Roebuck Auctions has been selected to auction
2007-10-17
Roebuck Auctions, a national real estate auction marketing firm, has been chosen to auction the 60 property investment portfolio of a prominent local attorney.
The diverse mix of properties stretch from Gulf Shores, AL to the 30A corridor. According to Chris Camp, President of Roebuck Auctions? Florida Offices, ?This is one of the most exciting opportunities not only for our company, but also for the buying public. All of the properties are in highly desirable locations and most of them are touching water. There will be more variety for people to choose from than in any other auction I?ve ever seen in the area.?
For Chris, this auction represents the kind of opportunities that attracted him to Roebuck Auctions. ?We were competing against some very well respected national companies for this auction. In the end, it was the experienced team and complete marketing department that convinced the sellers that Roebuck Auctions was the best choice.? Camp said.
The auction will be conducted in 2 parts. The first auction will be held Saturday, October 27 in Perdido Key, FL and will feature 2 gulf front lots, a gulf front home, and 11 luxury waterfront condos. The remaining properties, most of which are in the 30A corridor, will be auctioned on Saturday, November 17 with many selling Absolute, regardless of price. The exact location has not been determined. Call 850-654-6000 to learn more. Also, visit our website: www.RoebuckAuctions.com.
Roebuck Auctions is a full service real estate auction marketing firm, headquartered in Memphis, TN with offices in Destin and Panama City, FL and Columbus, MS. Real estate is the fastest growing segment of the $300 Billion auction industry. Roebuck Auctions has been conducting real estate auctions throughout the United States for over 35 years. For more information please contact Roebuck Auctions, 850.654.6000
Replies
38
Beach Fanatic
Here we go again
Getting me started on this auction business.:angry:
At least some may possibly appear to be absolute. We'll see
Note to self: Quit reading and posting on these threads.
Getting me started on this auction business.:angry:
At least some may possibly appear to be absolute. We'll see
Note to self: Quit reading and posting on these threads.
SoWal Insider
A "60 property investment portfolio of a prominent local attorney" 
How's that working for you Esquire?
At least "1" of the 11 condos in Perdio Key will be sold "absolute."
Chumming the water to get the buyers in with "1" absolute....:roll:
That tactic is as dumb as an empty box of rocks.
.
How's that working for you Esquire?At least "1" of the 11 condos in Perdio Key will be sold "absolute."
Chumming the water to get the buyers in with "1" absolute....:roll:
That tactic is as dumb as an empty box of rocks.
.
Beach Fanatic
Prominent local attorney, huh?;-)
SoWal Expert
I thought the auction location was the WaterColor Inn, at least that is what is posted on one of the lots for this particular attorney.
Beach Fanatic
I thought the auction location was the WaterColor Inn, at least that is what is posted on one of the lots for this particular attorney.
It is at the Watercolor Inn on the 17 of Nov.
Beach Comber
OK Ohio Girl and others on this thread. Lets give Chris Camp and Roebuck the opportunity to prove that this auction is a worthwhile event. I suggest we ask Roebuck Auctions to post the addresses of the homes that are going to be auctioned in SoWal with indication as to which ones are going to be absolute auctions, and/or information regarding minimum bids. By my tally there are up to 46 homes for auction on Nov17th. They can post the SoWal properties here or on their website. If they are not willing to do so one might seriously question whether it is an auction or "alternate" real estate marketing practice.
Smiling Joe, are you able to name the "Attorney" in question on this board?
Smiling Joe, are you able to name the "Attorney" in question on this board?
Edited
Beach Fanatic
OK Ohio Girl and others on this thread. Lets give Chris Camp and Roebuck the opportunity to prove that this auction is a worthwhile event. I suggest we ask Roebuck Auctions to post the addresses of the homes that are going to be auctioned in SoWal with indication as to which ones are going to be absolute auctions, and/or information regarding minimum bids. By my tally there are up to 46 homes for auction on Nov17th. They can post the SoWal properties here or on their website. If they are not willing to do so one might seriously question whether it is an auction or "alternate" real estate marketing practice.
Smiling Joe, are you able to name the "Attorney" in question on this board?
www.orderedsold.com is were you can see the properties.
Beach Comber
Thanks Babyblue. 1 Home and 6 lots are listed as "SELLING ABSOLUTE!"
Breakdown is 2/3 lots at auction in Cottages at Eastern Lake, 1/4 off E. Point Washington Rd, there are also 3 lots that are bay or canal front on absolute auction.
The other properties say "ORDERED SOLD!". What does this mean?
Roebuck Auctions is doing a better job than some other companies, and while some posters on this board feel it still would not be a "real auction", publishing minimal acceptable bids might engage more buyers (and thus help the sellers move the properties).
Breakdown is 2/3 lots at auction in Cottages at Eastern Lake, 1/4 off E. Point Washington Rd, there are also 3 lots that are bay or canal front on absolute auction.
The other properties say "ORDERED SOLD!". What does this mean?
Roebuck Auctions is doing a better job than some other companies, and while some posters on this board feel it still would not be a "real auction", publishing minimal acceptable bids might engage more buyers (and thus help the sellers move the properties).
SoWal Insider
Smiling Joe, are you able to name the "Attorney" in question on this board?
Easy--just look at the property records.
/
SoWal Insider
The other properties say "ORDERED SOLD!". What does this mean?
My guess....divorce decree.
.
Edited
Beach Fanatic
Auctions work when there is high demand and low supply.
Get all the potential buyers together in one room and let 'em
duke-it-out.
Auctions do not work when there is low demand and high
supply.
As I have said before: Been there and done that.
Get all the potential buyers together in one room and let 'em
duke-it-out.
Auctions do not work when there is low demand and high
supply.
As I have said before: Been there and done that.
Beach LoverAuthor
Babyblue, all I did was post an article. There was no editorial comment. Chill.
Beach LoverAuthor
Sorry bb. Meant amw.
SoWal Expert
OK Ohio Girl and others on this thread. Lets give Chris Camp and Roebuck the opportunity to prove that this auction is a worthwhile event. I suggest we ask Roebuck Auctions to post the addresses of the homes that are going to be auctioned in SoWal with indication as to which ones are going to be absolute auctions, and/or information regarding minimum bids. By my tally there are up to 46 homes for auction on Nov17th. They can post the SoWal properties here or on their website. If they are not willing to do so one might seriously question whether it is an auction or "alternate" real estate marketing practice.I don't see why not. Anyone could look up the ownership of the properties to be auctioned. However, I don't think it should make any difference as to who the seller happens to be. The seller isn't being auctioned, just the properties.
Smiling Joe, are you able to name the "Attorney" in question on this board?
SoWal Expert
Thanks Babyblue. 1 Home and 6 lots are listed as "SELLING ABSOLUTE!"
Breakdown is 2/3 lots at auction in Cottages at Eastern Lake, 1/4 off E. Point Washington Rd, there are also 3 lots that are bay or canal front on absolute auction.
The other properties say "ORDERED SOLD!". What does this mean?
Roebuck Auctions is doing a better job than some other companies, and while some posters on this board feel it still would not be a "real auction", publishing minimal acceptable bids might engage more buyers (and thus help the sellers move the properties).
I believe, "ordered sold" is a marketing tool. Perhaps the seller placed the order to sell the properties.
As for publishing the minimum acceptable bid, the auction companies don't do that. They do sometimes publish or announce the minimum opening bid, but that has nothing to do with whether or not the seller will accept it at that price. Just another reason why I laugh when I read an ad in the newspaper, "New lowered minimum bid for auction!"
Beach Lover
SJ,
All published minimum bids posted on this page are what the seller will accept. The auction will start at these prices. If a bid is made, the property will be sold.
http://thepremierauctiongroup.com/auction_list.php
All published minimum bids posted on this page are what the seller will accept. The auction will start at these prices. If a bid is made, the property will be sold.
http://thepremierauctiongroup.com/auction_list.php
Beach Fanatic
Sorry bb. Meant amw.
;-)
Beach Lover
I believe, "ordered sold" is a marketing tool. Perhaps the seller placed the order to sell the properties.
As for publishing the minimum acceptable bid, the auction companies don't do that. They do sometimes publish or announce the minimum opening bid, but that has nothing to do with whether or not the seller will accept it at that price. Just another reason why I laugh when I read an ad in the newspaper, "New lowered minimum bid for auction!"
As PAG pointed out that is what is making this auction have some sizzle and will be a first for around here. The published minimum bids are the bare minimum of what the seller will accept. I showed all 4 of my referred properties today that are going to this auction, these are great deals and we are encouraging pre-auction offers.
Beach Fanatic
As PAG pointed out that is what is making this auction have some sizzle and will be a first for around here. The published minimum bids are the bare minimum of what the seller will accept. I showed all 4 of my referred properties today that are going to this auction, these are great deals and we are encouraging pre-auction offers.
Joe, I like this Roebuck auction due to the number of units available and the absolutes.
Beach Fanatic
I think lawyer is from Alabama named Melhvin.
Beach Fanatic
Or from Freeport and named Franklin.
Beach Fanatic
Or from Freeport and named Franklin.
Grace, what kinda meat is on that grill?
Beach Fanatic
That's a nice lean cut of FUPA.
Nummy!
Nummy!
Beach Fanatic
That's a nice lean cut of FUPA.
Nummy!
:leaving::leaving:
Beach Comber
I have bought several properties at auction and I have an interest in a few of the properties Roebuck is selling November 17 at the Watercolor Inn. So I figured I would attend the first part of this auction that was held this past Saturday in Perdido Key. If this auction is any indication of how the November 17 auction is going to be, then there will be a lot of properties sold that day.
Here is my recap of how last Saturday went:
1. The auction started with the gulf front lot in Orange Beach. It was not an absolute auction, but there was more bids than I've seen at many other auctions and there was not the mysterious phone bidder that some of you have witnessed. Although it was not absolute, the owners agreed to sell the lot at around 650K or so, and the final bid was $735K + 10%. I don't know the Orange Beach market as well as this market, but that seemed to be a fair price.
2. The next property sold was a gulf front lot down in the Fort Morgan area of Gulf Shores. It was sold absolute and brought $410K plus the buyer's premium.
3. Then they sold a gulf front home in the Fort Morgan area. It looked very dated and I believe the final bid was around $750K. I don't remember hearing if that was confirmed sold, but I believe it was.
4. The next part of the auction was the 11 condos in River Colony. Only 1 was advertised as absolute, but there were at least 5 or 6 that I know were confirmed sold and I saw several people after the auction trying to make deals for the remaining units.
In summary, over half of the properties that were being sold Saturday were confirmed sold (I waited around to see people signing contracts just to be sure these properties actually sold) and it seemed like the remaining properties had a good chance of being sold.
Here is my recap of how last Saturday went:
1. The auction started with the gulf front lot in Orange Beach. It was not an absolute auction, but there was more bids than I've seen at many other auctions and there was not the mysterious phone bidder that some of you have witnessed. Although it was not absolute, the owners agreed to sell the lot at around 650K or so, and the final bid was $735K + 10%. I don't know the Orange Beach market as well as this market, but that seemed to be a fair price.
2. The next property sold was a gulf front lot down in the Fort Morgan area of Gulf Shores. It was sold absolute and brought $410K plus the buyer's premium.
3. Then they sold a gulf front home in the Fort Morgan area. It looked very dated and I believe the final bid was around $750K. I don't remember hearing if that was confirmed sold, but I believe it was.
4. The next part of the auction was the 11 condos in River Colony. Only 1 was advertised as absolute, but there were at least 5 or 6 that I know were confirmed sold and I saw several people after the auction trying to make deals for the remaining units.
In summary, over half of the properties that were being sold Saturday were confirmed sold (I waited around to see people signing contracts just to be sure these properties actually sold) and it seemed like the remaining properties had a good chance of being sold.
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