Auction! A 5% Buyer Premium applies. The list price is the minimum bid. RECENT APPRAISAL OF $1,400,000. This property consists of 3 contiguous parcels totaling 14.12 acres. It is in the middle of US-19 and US-41 interchange. Unbelievable opportunity offering over 1500 ft of Highway frontage. Utilities are available adjacent to the properties. FDOT permits ingress & egress to all parcels. Excellent big box, self storage, retail and/or mixed-use development opportunity.
There is currently a single-family home on one of the parcels which rents @ $850/month. There is also a CBS bill board lease @ $3600/year. Prime for buy & develop or buy & hold. Totaling 3 contiguous parcels, Billboard Lease Highway Frontage Greenbelt In County Oversized Lot.
Foreclosures still weighing heavily on home prices. 46% of homes sold in November were short sales or REOs (Real Estate Owned by the Bank) according to a survey by Campbell/Inside Mortgage Finance. One problem: Distressed homes sell for a lot less than homes sold by conventional sellers.
The average price for a short sale (when borrowers owe the bank more than their homes are worth) was $209,000 in November. For a regular sale, the average was about $259,000. The numbers are lower for REO sales, which averaged about $190,000 for properties in move-in condition. For a damaged REO, the price was just $99,000. That’s a common problem, since homeowners who’ve been foreclosed on don’t typically devote resources to upkeep.
There is no shortage of distressed properties: More than 6 million
Live real estate auctions are a unique opportunity to purchase homes for sale in a competitive and exciting atmosphere. ARES Auctions and the Adkins Florida Group has sold over 490 homes at auction in the last 4 years. Sellers are highly motivated and an auction is a great opportunity to purchase real estate at the price you set.
Benefits to the Buyer:
Buyers determine the purchase price in an impartial bidding environment
Real estate is offered with no back taxes or liens
Accelerated Real Estate Services and your Keller Williams agent have teamed up to offer a proprietary marketing program called the Accelerated Marketing Process (AMP®). The goal is to sell your property in 30 days or less, for your price, without any contingencies, and close it 30 days later. Ask you Keller Williams agent for a free evaluation of your property:
The Case Shiller composite index of 20 metropolitan areas shows home prices dropped an adjusted 0.4% in December from November.
With home prices continuing to fall, Sellers are hard pressed to stand out amongst each other. The Adkins Florida Group can provide you with more information about how a Reserve Auction brings the buyers to you in 30 days or less. If you are interested in receiving and offer in 30 days Adkins Florida Group and ARES Auctions will do an Auction Candidate Analysis for you. Call today: 941 729-7400
The news of ARES Auctions has hit the newsstands with this St.Pete Times article on local Auctions in the Tampa Bay area. For our local Auction listings click here. For the full article:
Neighbors in The Meadows near Quail Hollow Road will have the opportunity to bid on-site to own condo #11. The Sarasota County Property Auction begins at 1pm and viewing the property is available to the public beginning at noon. The estimated opening bid is $49,000. Buyer pays 5% premium. High Bidder must be prepared with 5% escrow and are encouraged to bring their Realtor if any, Full Buyer Side Commission Protected! Call to reserve your bidder card. Continue reading ‘Auction! $49,000 2/2 Condo in The Meadows, Sarasota’
On the 27th of January a Palmetto Mobile Home in a beautiful location is up for bidding at an Auction. The community is excited and a super clean 2/2 mobile home will receive bids, the highest bid resulting in an offer. Opening bid? $25,000. Manatee and Sarasota properties are up for sale to both the eager and hesitant buyers in our counties with both Commercial and Residential Auctions available. The local based ARES (Accelerated Real Estate Services) and Adkins Florida Group offers buyers the opportunity to competitively bid to effectively establish market rates. Sellers get the opportunity to entertain offers in an otherwise price suppressed market.
The scenic, tidy condos that have lured millions of retirees to Florida can now be had for about the price of a used 2007 Ford Focus. A 608-square-foot home in Seminole Garden Apartments went to auction last week with a starting bid of $7,500. The winning bid? $9,500. Continue reading ‘AUCTION Possibilites Keep Sellers Spirits Hopeful’
An Equal Housing Opportunity Realtor®
