Articles Archive for December 2007
UK Property »
Yellow Apricot is the only wholly online Property Auctioneer in the UK . Traditional property auctions occur in posh hotels or halls and you have to travel to the Auction Venue on the advertised date in order to manually bid on the property that you are interested in.
Using Yellow Apricot as your Auctioneer, you can buy or sell a property from the comfort of your home, office or anywhere in the world whilst remaining totally anonymous to those around you and without having to attend an Auction Venue. You …
Property News »
A RECORD 43 houses were sold in one day during an auction in George earlier this month when a timeshare contract for homes in Sedgefield and Plettenberg Bay came to its end.
Auctioneer Louis van Rensburg said at the weekend that the homes went for an average R1,19-million apiece, putting a final R43 860 000 in the sellers‘ pockets.
The homes are located on the island in Sedgefield and in Longships Drive, Plettenberg Bay.
“Most were sold to individual buyers.
“I have done a couple of vacant erven in one auction, but never developed …
US Property »
New York-based RCS Real Estate Advisors sold 25 Marsh Supermarkets-owned properties in the Indianapolis area for about $12 million at a recent auction. The proceeds will be used to remodel and improve Marsh’s existing stores.
US Property »
The Arizona State Land Department has two auctions upcoming in early 2008 affecting the Northeast Valley.
The latest to be announced is an irregularly shaped parcel in the Desert Ridge area, northeast of the Loop 101 and Tatum Boulevard.
The other is the shopping center site in Paradise Ridge, southwest of Thompson Peak Parkway and Scottsdale Road.
A previous attempt to sell that site was held up for legal review.
The Desert Ridge auction will take place on Feb. 28. The Paradise Ridge auction is scheduled for Jan. 23.
UK Property »
A group of Tyneside businessmen have come up with a solution to help boost the flagging property market.
Jonathan Netts, Simon Van Der Velde and Martin Schapira have launched the auction group in a bid to help both estate agents and owners move their properties faster.
Further details about The Auction Group are available from www.theauctiongroup.org or by calling (0191) 261 4411.
US Property »
Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted a special close out auction of 31 new homes in the gated community of Westwind in Oxnard, California on December 2, 2007. The homes featured classic Spanish traditional style architecture with private yards, and are located a short distance from Pacific Coast Highway and only minutes from the beach.
This auction was the first new home auction in Oxnard in 2007 and represented an unprecedented opportunity for home buyers to purchase a new …
Canada Property »
The National Hotel was sold for $550,000 when it went on the block at Ritchie Bros. Auctioneers on Tuesday.
Ritchie Brothers real estate services manager Kieran Holm declined to name the purchaser but said the bidding lasted 15 to 20 minutes.
The First Avenue building, which holds 32 rooms, a 56-seat restaurant and 186-person nightclub, and includes the lease for the Bon Voyage cold beer and wine store, had been assessed at $635,000 and the owners had hoped for $1.3 million to $1.5 million.
US Property »
Upchurch Realty Auction Group, a division of Coldwell Banker Upchurch Realty, a real estate brokerage firm (www.UpchurchRealtyAuctions.com) headquartered in Athens, GA, has been commissioned to sell at public auction a luxury home near Atlanta, GA (www.UpchurchRealtyAuctions.com). The home, located at 5387 Golf Club Drive, Braselton, GA, is a 12,000 square foot Mediterranean style mansion in the exclusive residential resort community of Chвteau Йlan. The home will be sold on January 9, 2008 by sealed bid. The home was purchased after the mansion had been foreclosed on by the lender, and …
US Property »
Close to 100 Colorado homes went on the auction block Sunday.
A 1,900-square-foot home with three baths and two-and-a-half bedrooms in the Sterling Hills subdivision in Aurora was just one of the hundred homes auctioned Sunday at the Colorado Convention Center.
The auction was an opportunity for some Colorado residents to buy a home they may not normally be able to afford.
US Property »
Freedom Realty Exchange, a real estate auction website and part of the LFC Group of Companies, sells more resort-style homes in the gated communities of Laughlin Ranch and Talon Pointe in Bullhead City, Arizona. This online auction, which was the third and final closeout of inventory of homes in Laughlin Ranch, proved to be just as successful as the first two auction campaigns. In contrast to the declining housing market, Freedom Realty Exchange was able to attract over 45 qualified bidders to compete for the nineteen homes. The intense bidding …