Archive for November, 2005

Three prime South Africian properties for auction on 7 December

Wednesday, November 30th, 2005

Following the recent successful launch of Pam Golding Commercial Auctions, three prime properties are to be sold at a multiple auction to be held on Wednesday December 7 (2005) at 11.30am in the conference centre at the Southern Sun Hotel in Main Road, Newlands. Registration is from 10.30am.
This is the company’s second multiple auction, and [...]

Waterford Ireland commercial development site fetches €1.4m per acre

Wednesday, November 30th, 2005

A 32 ACRE mixed use commercial development site located at Outer Ring Road and Airport Road, Waterford sold for a remarkable €45m at a Sherry FitzGerald Purcell auction yesterday.
The site, offered for sale on the instructions of Waterford City Council, is regarded as the best commercial development site ever to come for [...]

US county turns to auction jail on eBay

Tuesday, November 29th, 2005

Leaders in Randolph County, Missouri, are preparing to sell the county’s old jail on the online auction site eBay.
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No improvement in Australian property market

Tuesday, November 29th, 2005

The expected spring bounce in the property market has failed to materialise, with sales of new homes and units below average figures for winter.
Sales of established homes improved slightly, but stayed stubbornly below the forecast for what has traditionally been one of the busiest times of the year.
And Australian Property Monitors predicts there will [...]

Australian Dummy bidders now face $55,000 fines

Monday, November 28th, 2005

The NSW Government has introduced tougher dummy bidding laws for the real estate industry.
The laws will see dummy bidders penalised as well as agents or auctioneers who participated in collusive practices during the auctioneering of a property.
Fines for breaching the dummy bid law will result in a maximum fine of $55,000.
Fair trading minister Diane Beamer [...]

North Port US Abandoned lot auction planned

Sunday, November 27th, 2005

The sale of more than 2,000 abandoned lots in North Port is scheduled to begin Jan. 19.
Doug Dennison, assistant vice president of Fisher Auctions, has toured some of the available lots in North Port, and he knows that not all of them are in pristine condition.
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Michigan Developer buys square-inch property on eBay

Sunday, November 27th, 2005

A Michigan real estate developer was the highest bidder for a square-inch piece of land in Owen County, shelling out $1,752.60 for the parcel in a wooded ravine.      Andy Gutman, chief financial officer with NAI Farbman near Detroit, had the highest of nine bids and won the [...]