ATLANTA: Coming off an end-of-year surge that included USD 6.3 million in sales in three real estate auctions in only 30 days, John Dixon and Associates is preparing to auction 250 properties in a two-day February event.
"The strengthening economy is causing an upsurge in demand for real estate, ranging from high-end homes to land to commercial property. Improved investor confidence is feeding the demand, resulting in more bidders and stronger bidding in our auctions," said John Dixon, president of the Marietta-based auction company.
The upcoming auction includes properties owned by banks, hedge funds, corporations, estates and individuals. The February event will include properties from Georgia, Alabama, North Carolina, South Carolina, Florida, Mississippi, West Virginia, Tennessee and even Indiana.
Properties include a three-bedroom condominium in Panama City; a retail out parcel in a shopping center in Macon, Georgia; a former elementary school in Vaiden, Mississippi; an office building in Riverdale, Georgia; and a home on Alabama's Smith Lake. Other properties will include homes, residential and commercial land, and other real estate across the Southeast.
"Our multi-seller auction format continues to work extremely well, with both live and Internet bidding. We typically have half the bidders in the room and half bidding online. This enables us to offer properties all over the country in a single auction," he added.
The two-day auction is set for Tuesday, Feb. 20, and Wednesday, Feb. 21, at the Mansour Conference Center, 995 Roswell Street, Marietta. Online bidders will be able to watch the live bidding in a video stream, converse with a bid assistant and enter their bids in real time. Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763.
John Dixon & Associates, based in Marietta, Georgia, also has offices in Tallahassee, Clayton, North Carolina, and Myrtle Beach, South Carolina.
