It has been an interesting week in the financial sector – one for the history books for sure! Unfortunately, predatory lending is one of the main reasons we are in this mess and won’t see the light at the end of the tunnel until next year or possibly the year after. However, now is a great time to buy a home or condo. Next year will be a great time to buy also, if not better. Many builders are using creative methods to move units. Home sellers are using the same tactics. Real estate auctions are not a new phenomenon by any means but are really regaining popularity in the housing industry.
New Condos Online has partnered with JP King, one of the oldest and most respected auction companies in the country today. We are now featuring condo auctions and luxury home auctions all over the country. We will be rotating these properties on the site based on auction dates. Some of the auctions we are currently featuring are:
Broadway Station – Myrtle Beach, SC: Condo development in Myrtle Beach, SC with one, two, and three bedroom condos up for auction. 87 condos will be up for auction coming soon. READ MORE
French Quarter Mansion – New Orleans, LA: A beautiful historic luxury residence in the heart of the French Quarter. This house has three bedroom and three and a half bathrooms. READ MORE
Island on Lake Travis Condominium – Lake Travis (near Austin): 36 condos are being auctioned at this amazing island community with boat access right on Lake Travis near Austin, TX. The community has stucio, one, two, and three bedroom condominiums. READ MORE
Check out the details about these auctions today! Auction purchasing is a great and fun way to acquire a home for less than market value – assuming you are not up against some competitive bidders!
Here is a recent press release:
New Condos Online Inc. and J.P. King Auction Company have recently joined forces to market real estate auction opportunities for luxury condos and homes across the country. NewCondosOnline.com is one of the largest online marketing platforms for advertising new construction condos and homes; and J.P. King is one of the most respected auction marketing firms in the country having sold properties since 1915.
Today, J. P. King is not only the nation’s premier auction firm, but a brand that stands for the very finest in properties and marketing prowess. J. P. King has successfully thrived and become the premier auction marketing firm. J.P. King has sold luxury condos and homes in 49 states and is currently helping tackle the county’s inventory issues.
“Our companies realized the synergistic opportunity to leverage the online exposure of the NewCondosOnline.com platform. Through combined marketing efforts and co-branded web pages, NewCondosOnline.com and J.P. King are exposing these auctions to people all over the world,” says Brent Gleeson, President of New Condos Online Inc.
The efforts made by both companies strive to address a larger issue than simply marketing real estate auctions for homes and condos. The nation is experiencing a downturn in the housing market causing prices to fall and inventory levels to rise. Lending requirements for home loans have tightened as have restrictions on loans for new construction developments.
“Until we get a handle on the current inventory, banks will not be funding very many new projects. Our hope is to help address the inventory issues in the new construction and foreclosure sectors by providing strategic marketing services. Auctions have become a popular way to move inventory and give buyers a great value,” says Brandon Fishman.
J.P King and NewCondosOnline.com is currently marketing auctions in states such as Florida, Nevada, Oregon, Arizona, Colorado, South Carolina, and many more. For more information on these auctions go to www.newcondosonline.com/real-estate-auctions/.
As we all know, moving inventory in the market is essential. New contruction projects will slow and eventually cease to exist until we can move current inventory. This includes new condos, homes, and foreclosure property. Real estate auctions for condos are a fantastic strategic marketing tool to sell homes while giving the opportunistic buyer a competitive platform to acquire a new home well under market value.
New Condos Online has created and exclusive marketing relationship with JP King Auction Company to showcase luxury real estate auctions to the world. One great example is Bella Sol Seaside Villas and Marina in Apollo Beach, Florida. Bella Sol is is a beautiful lifestyle community with 22 luxury condominium villas. 5 villas will be sold directly to the highest bidder! 12 new boat slips are included in this auction with 4 being sold directly to the highest bidder as well. For you boat lovers out there, it doesn’t get much better than this. Bella Sol is right on Tampa Bay and has direct access to the Gulf of Mexico.
NCO and JP King will be showcasing 15 to 20 new auctions across the country at any given time. Don’t forget to check the new auction section on NewCondosOnline.com for more information. For you developers and property owners out there you can also contact JP King directly for more information on the auction process.