Our year is off to a great start, and we’re already bearing down on our first two auctions. One noteworthy thing about these two sales is that they feature real estate from a number of different sellers. We’ll be putting more emphasis on multi-seller auctions during 2015, because the people who have been buying real estate investments for the past five or six years are now reaching a point where they’re ready to sell some of those properties.
While we’ve conducted a lot of auctions for banks and other financial institutions — and will continue to do so — we’ve seen a great deal of real estate move from the hands of banks (who acquired it as a result of foreclosures during the financial crisis) to investors who have been building up their portfolios. By pooling the properties for these investors and individuals, we can enable institutions, investors and individuals of all sizes to sell their properties in a John Dixon Auction!
Historic College Park home featured in upcoming real estate auctions in Georgia and Florida
ATLANTA, Ga. (January 6, 2015) — The Palmour House – a Victorian mansion built in 1892 for the founder of what is now Emory Dental School – will be offered at auction Wednesday, Jan. 28, headlining a group of approximately 70 property offerings. John Dixon & Associates will manage the event.
The restored home is now being used primarily as office space. It was originally commissioned by Dr. William Crenshaw, founder of Atlanta Dental College, now part of Emory.
Other Georgia properties set to sell the same day include a shopping center in Rome, a convenience store in Gwinnett County, and a Macon warehouse, as well as homes, apartment buildings, and residential and commercial land. The auction will begin at 11 a.m. at the John Dixon & Associates headquarters at 200 Cobb Parkway North, Suite 120, Marietta, Ga.
The Atlanta auction is the second of two auctions of properties. The first event will begin at 11 a.m. Tuesday, Jan. 27, at the Holiday Inn at 2725 Graves Road in Tallahassee. The Tallahassee auction will feature a 75-acre industrial property in Hosford, formerly used as a wood chip mill. “This is a great site for someone interested in using it for the lumber or construction industry, because it’s right on the railroad tracks and has building-related businesses on either side,” said Dixon. Other Florida properties include residential and commercial land in Tallahassee, Panama City, Midway and other cities.
Dixon said both events will feature properties offered primarily by lenders. “By combining properties from a number of banks, investors and others, we’re able to offer a really good selection that will be of interest to real estate investors as well as individuals. This will be the first big opportunity to buy bank-owned real estate in 2015, and by all indications there will be fewer properties coming to auction this year because bank inventories are dwindling,” he said.
Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763.
John Dixon & Associates, based in Atlanta with offices in Tennessee, Florida and North Carolina, is one of the nation’s largest auctioneers of real estate properties, including land, homes, developments, condominiums, farms and other properties owned by individuals, investors, banks and other institutions.