Residential Real Estate Auctions

One of the most active real estate professionals enrolled in the Never Lose a Listing program on Freedom Realty Exchange  has just brought a portfolio of bank-owned residential properties and development land out to online auction. The portfolio features three residential properties and two parcels of development land.

The residential properties range from having 3 bedrooms with 1 bathroom to a floor plan with 4 bedrooms and 2 bathrooms; all of which are located in Atlanta. Property sizes range from +/-1,000, +/-1,500, to +/-1,540 square feet while the development land in Atlanta and Lilburn are +/-2.2 acres and +/-1.1 acres.

As with all of the online auctions on FRE.com, each property has it’s own unique webpage full of all of the property’s details, photos, auction documents and any other available property documents such as disclosures, plat maps, etc. are posted for interested buyers to do their due diligence. More importantly, all of the bidding happens directly on the auction webpage itself. Minimum bids start as low as $9,000, but the clock is ticking. The bid deadline for these auctions is coming up on January 19th if you’re looking to pick up some assets at a deeply discounted price.

You can see all of these Georgia properties by going to FRE.com.

One of the new Never Lose a Listing Auctions to make it’s way onto FRE.com’s online auction marketplace is a single family home in Chambersburg, PA and this property earned itself the featured spotlight this week.

This remodeled single-family home features hardwood floors, comfortably-sized rooms, a spacious kitchen with room for a table, central air and hot water heating. There is a large carport with a workshop off to the side as well as a full basement with exterior and interior entrances. Best of all, the property has incredible views overlooking the valley. See the full list of property features, photos and view all of the due diligence materials on the auction profile page at FRE.com!

The Bid Deadline is scheduled for November 17th and with a minimum bid of only$139,9000 so you better move quick if you’re looking to buy a beautiful home at an incredibly low price.

Located on the north end of Washington D.C. along Rhode Island Ave. NE, a sales representative with RE/MAX Specialists has brought a  property with over 20 rooms to online auction with the Never Lose a Listing® program on FRE.com.  The property’s suggested value is $800,000, however, this unique building is being offered at a fraction of its suggested value with a minimum bid of just $470,000.

The stunning brick exterior, high traffic location, and variety of potential uses make this online auction an incredible investment opportunity. Fourteen bedrooms and eight bathrooms presents the option to remodel and utilize this building as a bed & breakfast, school, adult nursing/daycare facility, or office space.

Visit the auction webpage at www.FRE.com/3137L1 in order to view all of the property photos, download auction documents, and view the full property description. Just remember, you have to move quick because the Bid Deadline has been scheduled for Thursday, May 26th at 5:00pm EDT!

Property Highlights:

• Minimum Bid is just $470,000
• Aggressive Bid Deadline of Thursday, May 26 at 5pm EDT
• 7,700 SF on a 11,258 SF lot
• Variety of potential uses

Yesterday, April 1st, was the Bid Deadline for the online auction of a luxury home in Peoria, Arizona. However, the property’s seller has invoked LFC’s patented LAST CALL® process in order to extended the Bid Deadline until Monday, April 5th. The auction’s current high bid is now published and every bid hereafter will be displayed in real time. If another bid IS taken before Monday’s deadline, the auction will be extended until Tuesday. These twenty-four hour extensions will continue until no more bids are placed.

I recently explained the LAST CALL® bidding process (which is currently running) in the online auction for commercial property in Orland, California and in that post, I wrote about the LAST CALL® bidding in another one of our commercial real estate auctions in Columbus, Ohio. In short, LAST CALL® was created to prevent people from losing an auction due to someone placing a bid in the final seconds before the deadline. Here is how I explained LAST CALL® in previous posts:

LAST CALL® protects bidders from auction sniping. If you are familiar with other online auctions sites such as eBay, you know that everyone interested in the auction waits until the very last second to place their bid. There is even software that will automatically enter a bid in the last millisecond of the auction, what we call “auction sniping.” LAST CALL® protects bidders by eliminating the possibility of “sniping.” Real estate is a rather large investment to make online and we strive to give all bidders a fair chance at winning. Understanding that real estate is a rather [heavily strategized move] to make online, we made the LAST CALL® extension increment 24 hours to give bidders plenty of time to deliberate.

I invite you to follow this auction closely as bidders compete for the property. You can join in the conversation and stay informed about this online auction by following us on Twitter. If you have any questions pertaining to LAST CALL® or this auction, feel free to leave a comment.

Happy Friday and good luck bidders!

Related Posts

• Coming Soon: Online Auction for a Luxury Home in Peoria, AZ
• Another LFC Property Moved to Online Bidding!
• Prescott Arizona Land For Sale
• Prescott Arizona Golf Course Property
• Prescott Arizona Land For Sale

It’s Easter Sunday on April 4th, and I just wanted to let everyone know that no open houses will be held for our luxury home auctions in San Clemente, Calif. or Peoria, Ari. this Sunday. However, both of the luxury homes we are auctioning in Dana Point, Calif. WILL BE OPEN on Easter Sunday.

If you want to know the remaining open house dates and directions for any of our luxury home auctions, all of the viewing schedules are posted on each auction’s property profile pages. Please see the following open house directory for more details:

• The Strand at Headlands: 15 Whitewater, Dana Point, California 92629
• The Strand at Headlands: 49 Beach View, Dana Point, California 92629
• The Ledges at Sonoran Mountain Ranch: 28545 North 68th Avenue, Peoria, Arizona 85383
• Overlooking the San Clement Golf Course: 431 Avenida Crespi, San Clemente, California 92672

Related Posts

• Developer of Ocean Front Estate in the Strand Turns to Online Auction to Deliver a Buyer
• Coming Soon: Online Auction of a Luxury Home in Peoria, AZ
• Online Auction of a Luxury Home on the San Clemente Golf Course

Open Houses will be held Saturday, March 20th from 1:00 PM – 4:00 PM & on Sunday, March 21 from 1:00 PM – 4:00 PM at the following locations. Please click on the images for more details about these online auctions.

• The Strand at Headlands: 15 Whitewater, Dana Point, California 92629
• The Strand at Headlands: 49 Beach View, Dana Point, California 92629

• Sonoran Mountain Ranch: 28545 North 68th Avenue, Peoria, Arizona 85383

• 431 Avenida Crespi, San Clemente, California 92672

Related Posts

• Developer of Ocean Front Estate in the Strand Turns to Online Auction to Deliver a Buyer
• Coming Soon: Online Auction of a Luxury Home in Peoria, AZ
• Online Auction of a Luxury Home on the San Clemente Golf Course

The LFC Group of Companies is auctioning a Tuscan-inspired luxury home perched on top of the San Clemente Golf Course overlooking the Pacific Ocean on our residential auction website, FRE.com. The minimum bid of $1.295 million for this extravagant home is a full million dollars less than the previous asking price, attracting some serious buyer interest. With three bedrooms, a versatile fourth room capable of serving as either a bedroom or office, and three and a half bathrooms, this home is expertly designed to deliver true Tuscany ambiance while showcasing the serene views of this unique and highly sought after “SoCal” location.

For those of you unfamiliar with southern Orange County, San Clemente is a quiet beach town well known for its laid back surf culture and 1,296-foot long pier. San Clemente boasts two world-famous surf spots, Trestles and T-Street, that double as popular beach hangouts year round. If land sports are more for you, here’s a little snippet about the San Clemente Municipal Golf Course that describes its sprawling 18 hole course against a ocean backdrop:

The San Clemente Golf Club is a scenic, family friendly Championship 18 hole golf course where Fridays are still weekdays, walkers are still welcome and juniors are always ¬? price. Owned and operated by the City of San Clemente, the course is located approximately one mile from the Pacific Ocean and features ocean views from a number of holes. Named “Best Value in Orange County” in 2008, the rolling hills and relaxed atmosphere of the “Muni” have remained popular with local golfers for over seventy five years.

Traveling to and from San Clemente is easy and convenient, easing the burden of a daily commute. The San Diego Freeway runs parallel to San Clemente, making freeway access a breeze, and there is also an Amtrak train station in town for those looking for a more scenic, relaxing route to travel up and down California’s coast.

The Bid Deadline for this property is April 15th, 2010. If you are looking to capitalize on a spectacular opportunity in this buyer’s market, I encourage you to come visit the online auction at FRE.com for all of the property details and documentation.

Photo Credit: typicalmacuser @Flickr.com