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Anybody goin to the Roebuck auction Sat.

redfisher avatar
Beach Fanatic
6,420 views
? I thought I might...Standard check entry and minimums...Red

Replies

33
Joe Mammy avatar
Beach Lover
#2
I'll be at PAG's. 3:00 Hilton, Sandestin.
SHELLY avatar
SoWal Insider
#3
I'll be at PAG's. 3:00 Hilton, Sandestin.

And I'll be expecting a detailed snack & balloon report! Photos will get ya extra credit!




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Smiling JOe avatar
SoWal Expert
#4
What will a video get me? What about a video of one of the properties which actually gets sold? Lol
Beach Lover
#5
? I thought I might...Standard check entry and minimums...Red

Yep.
Joe Mammy avatar
Beach Lover
#6
And I'll be expecting a detailed snack & balloon report! Photos will get ya extra credit!
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Let me make sure I understand this, you want pics of snacks?

Beach Comber
#7
I will be at the Roebuck auction. I've attended a lot of auctions in this area and Roebuck is the only company I see actually selling property.
redfisher avatar
Beach FanaticAuthor
#8
I will be at the Roebuck auction. I've attended a lot of auctions in this area and Roebuck is the only company I see actually selling property.


Well good, I can see there's one person who can respond to the actual question? Good for you and hope to see ya...
Matt J avatar
SWGB
#9
Selling property is great, closing the sale after is even better.
SHELLY avatar
SoWal Insider
#10
:idontno: So many auctions....so little credit.


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SHELLY avatar
SoWal Insider
#11
Let me make sure I understand this, you want pics of snacks?



Joe,

Now just glue these on to a "Wanted" poster and fax it out to entities who are holding auctions/open houses. :roll: Geez, what part of "snacks sell" don't these folks understand?


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redfisher avatar
Beach FanaticAuthor
#12
:idontno: So many auctions....so little credit.


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I guess I won't see Shelly there...Ah, to be able to $hit on everything from the sidelines...

Edited

Beach Lover
#13
Its my guess that HE lives 5 hours away and is still angry that he sold His SOWAL land in 1999. Just my guess

00seer00
Beach Comber
#14
Selling property is great, closing the sale after is even better.

Good point. I try to follow up and check as many properties as I can. Almost all that I have checked have closed.
Babyblue avatar
Beach Fanatic
#15
I'll be there. I held an auction 2 years ago at Caf? 30-A with 22 properties and did not sell a thang. Funny how time goes by. All the properties that were for sale at that auction are still for sale. But the current asking price is the high offers of 2 years ago.
Beach Comber
#16
I'll be there. I held an auction 2 years ago at Caf? 30-A with 22 properties and did not sell a thang. Funny how time goes by. All the properties that were for sale at that auction are still for sale. But the current asking price is the high offers of 2 years ago.


Who conducted your auction?
Beach Lover
#17
Premier Auction Group will be holding an auction the same day at 3PM at Sandestin Hilton. Registration starts at 1PM. We have 17 properties across the Emerald Coast. Reserves have been lowered on some properties and will be updated on our website when we have the paperwork back.

http://thepremierauctiongroup.com/auction_list.php
Beach Comber
#18
Premier Auction Group will be holding an auction the same day at 3PM at Sandestin Hilton. Registration starts at 1PM. We have 17 properties across the Emerald Coast. Reserves have been lowered on some properties and will be updated on our website when we have the paperwork back.


I hope the reserves are 40-50% lower than what you have advertised. Based on your currently advertised minimums, you have given everyone a reason to NOT show up. Anyone can negotiate much better deals.
Joe Mammy avatar
Beach Lover
#19
I hope the reserves are 40-50% lower than what you have advertised. Based on your currently advertised minimums, you have given everyone a reason to NOT show up. Anyone can negotiate much better deals.

You cannot show me any better deals in Ariel Dunes II than the 2br for $295K, the 3br for $395K or the Penthouse 4br for $695K. All 3 are priced well below the comps.

The amenities are also uncomparable when you factor in golf and tennis with the proximity to the Gulf and the 3 large pools. Compare the association dues to any other Destin condo and again you will not beat it.

These units are a reason TO show up. I challenge TN fan to show me where better deals have been negotiated in Ariel Dunes II - then you can knock the battery off my shoulder. Cmon, I dare you!
Beach Comber
#20
There are 3 2br units listed right now for less than $350K. Your 295K plus buyer's premium puts yours at $324,500 to get the bidding started. That puts yours at a 4-7% discount....not real attractive. I KNOW I can negotiate better than that.

And the 3br seems to be a first floor unit. You can not give those away.
Joe Mammy avatar
Beach Lover
#21
There are 3 2br units listed right now for less than $350K. Your 295K plus buyer's premium puts yours at $324,500 to get the bidding started. That puts yours at a 4-7% discount....not real attractive. I KNOW I can negotiate better than that.

And the 3br seems to be a first floor unit. You can not give those away.
Those 3 2brs are lower units on the 4 and 5th floors. The units go up in price about $4500 per floor as you get higher. My 2br is on the 11th floor for $324.5K (with buyer premium). There are active listings on the tenth and 13th floors that are at $385K.

The cheapest 3br in ADII listed now is $579K. How does 32% sound?

Edited

Beach Comber
#22
The 579K is a 6th floor unit. If you account for let's say a conservative number of $7,500 discount per floor as you go down and then another $50,000 factor for the first floor negative....that's a total negative factor of $87,500. Add that to your minimum and the difference is now about 9% off of that list price just to get the auction started.

Good luck with your auction.
SHELLY avatar
SoWal Insider
#23
I'll be there. I held an auction 2 years ago at Caf? 30-A with 22 properties and did not sell a thang. Funny how time goes by. All the properties that were for sale at that auction are still for sale. But the current asking price is the high offers of 2 years ago.

....plus 2 additional years of carrying costs.


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Joe Mammy avatar
Beach Lover
#24
Let's look at facts:
Preconstruction price of #110 - $553,700 - auction price with bp is $434,500
Preconstruction price of #610 - $582,700 - listed at $579,000 - a 90% offer of $521,000

The balcony on the ground is much larger than the balony on the 6th and you could put in a gate for direct pool access. Many pet or child owners do not like the heights. The $50K ground floor neg is simply not true. We can clearly see it is much less.
Beach Comber
#25
Let's look at facts:
Preconstruction price of #110 - $553,700 - auction price with bp is $434,500
Preconstruction price of #610 - $582,700 - listed at $579,000 - a 90% offer of $521,000

The balcony on the ground is much larger than the balony on the 6th and you could put in a gate for direct pool access. Many pet or child owners do not like the heights. The $50K ground floor neg is simply not true. We can clearly see it is much less.

You cannot show me any better deals in Ariel Dunes II than the 2br for $295K


I think this is a good price since pre-construction, this would get you a one bedroom. Of course, I am not a realtor and was not in the "in crowd," when I sent my reservation in for Arial Dunes ll. Group one was for buyers who had done business with the developer before, group two was the group who did not get in on another pre-construction deal with the developer (I was in this group). Group three was for buyers first time dealings with the developer. Yup, my $10K reservation check was sent back to me with a sorry letter. :idontno:

All eyes will be on the outcome this Saturday. What will it mean if no Arial Dunes unit sells at the auction? I still have my $10K from Arial Dunes in the bank, I still have a good job with excellent credit. Not being in the "in crowd," might be pretty cool! :D
SHELLY avatar
SoWal Insider
#26
group two was the group who did not get in on another pre-construction deal with the developer (I was in this group). Group three was for buyers first time dealings with the developer. Yup, my $10K reservation check was sent back to me with a sorry letter. :idontno:

All eyes will be on the outcome this Saturday. What will it mean if no Arial Dunes unit sells at the auction? I still have my $10K from Arial Dunes in the bank, I still have a good job with excellent credit. Not being in the "in crowd," might be pretty cool! :D



I think you should present a "Thank You" card to the developer, and on the reverse of that card....<wait for it>....write down your offer and an expiration date for that offer--then walk away.


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