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
SoWal Insider
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.
Winning bids on the condos?.......
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SoWal Insider
That's a nice lean cut of FUPA.Winn Dixie?
Nummy!
Beach Comber
Winning bids on the condos?.......
The top floor units (3rd floor) went for 395K plus the buyer's premium. The units on the 1st and 2nd floors went for 355K and 345K plus the buyer's premium.
The top floor units (3rd floor) went for 395K plus the buyer's premium. The units on the 1st and 2nd floors went for 355K and 345K plus the buyer's premium.
margarita brocolia
Thanks for the post TN fan. and 
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Beach Comber
Your welcome....and thanks.
SoWal Expert
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.
On a technical note, a signed contract is not equivalent to a sold property, especially in today's market.
SoWal Insider
Winning bids on the condos?.......
The top floor units (3rd floor) went for 395K plus the buyer's premium. The units on the 1st and 2nd floors went for 355K and 345K plus the buyer's premium.
A 39% discount.
(Beautiful views of Old River, River Colony is located just minutes from the Gulf and right across the street from WCI Lost Key golf course. 11 Units are available. Oversized garage included with each unit. 4 Top units priced at $650K each. )
Now let's see if the buyers can get their purchases past their banks' underwriters.
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Beach Comber
On a technical note, a signed contract is not equivalent to a sold property, especially in today's market.
I understand a signed contract does not ensure a closing, but it does show offer and acceptance. And I don't know many people who would walk from a non-refundable 10% deposit.
SoWal Insider
I understand a signed contract does not ensure a closing, but it does show offer and acceptance. And I don't know many people who would walk from a non-refundable 10% deposit.
...it's been a pretty regular event since the beginning of the dot-condo meltdown.
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Beach Comber
...it's been a pretty regular event since the beginning of the dot-condo meltdown.
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I consider the dot-condo meltdown (I love that term by the way!) a different situation. Most of those were people who had committed at the market boom and by the time they were ready to close, the bubble had burst and many of these units were not worth 200K and more less than they had committed too. I can't blame them from walking from that.
Beach Fanatic
I consider the dot-condo meltdown (I love that term by the way!) a different situation. Most of those were people who had committed at the market boom and by the time they were ready to close, the bubble had burst and many of these units were not worth 200K and more less than they had committed too. I can't blame them from walking from that.
Can any of the realtors on this forum give some insight into closings versus walk aways in Sanctuary at Redfish and Redfish Village. And, coming soon
Sanctuary by the Sea?
Beach Fanatic
How many properties will be sold on the 17th ol wise group.
SoWal Insider
How many properties will be sold on the 17th ol wise group.
I called Miss Cleo....
....she said any properties auctioned as "absolute" will sell; when I asked her about the others, she said we'd have to pay her $59.95 per minute
(but I did hear her laughing in the background).
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