BIG Florida auction coming. 50% of value expected!

By
Real Estate Agent with Orlando Area Real Estate Services

Orlando real estate auctions Well my assistant had a busy weekend - driving round checking on a number of properties that will be auctioned in the next two weeks - all for clients we have coming to town. A lot of these homes are expected to go for 50% of market value or less.

The investor clients I have coming to town, plan on painting if necessary; cleaning up the yard; fixing what needs fixing; putting in the appliances and then re-selling them for 75% of market value. We have around 15 homes in our sights right now.

IF ANYONE IS INTERESTED IN BEING A PART OF THIS, PLEASE GET IN TOUCH WITH ME AS SOON AS POSSIBLE because the deadline for registration is fast approaching.central florida real estate auctions

Just some of the properties she has looked at include an ocean front condo which we believe is worth close to $1m and will go under the hammer for less than $400,000.

In addition to that she has seen a Disney Vacation Rental - probably worth $215,000 - and expected to sell for around $95,000.

Then we have at least two homes in the affluent part of South West Orlando which will be bargains in anyone's language if they sell for anything even approaching $200,000.

THESE ARE GENUINE OPPORTUNITIES and so I say again, act fast if you wish to get involved in this.

As I just stated - these are genuine opportunities for you or any of your investor friends. Make sure they give me - Simon Conway - a call on 407 876 8200.

________________________________________________________________________________________________________

(Copyright © 2007 By Simon L Conway All Rights Reserved.)

Please give me a call if you have questions about the Central Florida real estate market.  You can reach me on 407 876 8200.  Also visit my web site at http://www.simonconway.net/ or http://www.move2orlando.net/

Also remember to check out my weekly radio show - The Home Team - which airs every Sunday at Noon Eastern and if you are not in Central Florida then you can tune in on line at http://www.540wfla.com/

 

 

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Show All Comments
Rainer
78,048
Vicky Poe
Good Ole Rocky Top - Crossville, TN
Realtor/ Auctioneer
Good Luck to you.  I hope  you have a good sale.
Dec 08, 2007 07:42 PM #1
Rainmaker
404,315
Simon Conway
Orlando Area Real Estate Services - Orlando, FL
Thanks Vicky - we are confident we will get the ones we want because we have done our homework. Don't forget - anyone interested should contact me as soon as possible.
Dec 08, 2007 07:44 PM #2
Rainer
41,744
Melissa Kruse
Gryphon - Lewis Center, OH
Simon, I'm curious. When you are talking about the expected sell prices, is that based on minium bids that the auctioneer is advertising or based on what you are seeing as current sale prices in the market place? Also who is the auction company? Our brokerage does auctions here in Ohio, and we know many auction firms around the country, so I'm curious to know who is doing the sale.
Dec 10, 2007 03:14 AM #3
Rainmaker
404,315
Simon Conway
Orlando Area Real Estate Services - Orlando, FL
Melissa - the expected selling price is based on what has been happening at similar auctions around the country.
Dec 10, 2007 07:50 AM #4
Anonymous
Anonymous
Neptune Srimal
Simon, Can you post some kind of a report on Dec 15 auction? Did the price indeed was 50% of the original price? Who were the buyers? Any other info? Thanks
Dec 16, 2007 10:52 AM #5
Anonymous
Anonymous
asb4419
Simon:  list the prices that the properties were sold for at the last auction and their FMV.  I thing you're grossly exaggerating the discounts if there is any such auction in the first place.  Sounds like the classic "bait & switch" to me.  Looking forward to reading your response disproving my claims.
Mar 10, 2008 01:57 PM #6
Rainmaker
404,315
Simon Conway
Orlando Area Real Estate Services - Orlando, FL

The following are the ones I mentioned in my original blog way back in December.

Just some of the properties she has looked at include an ocean front condo which we believe is worth close to $1m and will go under the hammer for less than $400,000.

If memory serves, this went for $435,000

In addition to that she has seen a Disney Vacation Rental - probably worth $215,000 - and expected to sell for around $95,000.

This went for $120,000

Then we have at least two homes in the affluent part of South West Orlando which will be bargains in anyone's language if they sell for anything even approaching $200,000.

There were ultimately four of these. The cheapest one went at $190,000, two others went at $200,000 and the final went at $220,000.

My clients did not buy any of them so I have no idea what happened to them after auction.

Don't throw accusations at me again or I will simply delete you. By all means ask question.

Mar 10, 2008 03:39 PM #7
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Rainmaker
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