Bidders snap up 40 properties in Gainesville-area auction

By John Dixon

More than 120 people -- including about 75 registered bidders -- gathered at the Chateau Elan in Braselton for the event. Another 65 bidders participated online, listening to the auction and entering their bids via the Internet.  Eighteen of the 40 properties sold were purchased by online bidders.

"We had a good number of investors as well as individuals buying for their own use. Developers, builders and other investors are realizing that with the real estate market in an established uptrend, it's smart to get in at today's prices," said John Dixon, president of the company.

On Thursday, the company will sell another group of properties, including a 3,400-square-foot facility in Barnesville. Most of those properties are located between Macon and Atlanta, with concentrations around Barnesville, Covington, Thomaston and Griffin.

Thursday's auction will begin at 11 a.m. at the Hilton Garden Inn in McDonough. Individuals interested in additional information may visit www.johndixon.com or call 770-425-1141.

John Dixon & Associates, based in Marietta, Ga., is a leading auctioneer of bank-owned properties throughout the United States.

Accumulate assets now for the better times ahead

By John Dixon

 If the sun seems a little brighter lately, there may be a reason for it. For the first time in well over five years, the Dow is finally back above the 14,000 level, where it was in October 2007, just before our economy hit the biggest air pocket since the Great Depression. During the crash, assets of all types seemed to go into a free fall -- stocks, homes and commercial properties. People watched as their retirement accounts fell to a fraction of their former value.

But just in the last few weeks, we've seen the Dow climb back above 14,000. I don't want to overstate the impact of that, because the Dow isn't the best indicator of where the economy is. But it has a major psychological importance, because it's still the indicator the press mentions most. And getting above a barrier like 14,000 can give folks a lift. After well over five years -- at least by that measure -- we're finally clear of the horrendous downturn.

And we're seeing positive signs in the real estate market, too. In January, home prices -- as measured by the Case-Shiller Index -- showed the biggest year-over-year gain since before the crash. The National Association of Realtors reports that sales of vacation homes were up 10.1% in 2012, and the median price of a vacation home rose by 24%. When people get scared, luxuries like vacation homes get hit first. So when beach homes and condos start to recover, it means people are feeling pretty good about things.

As I've noted recently, we've been seeing signs of the upturn in our auctions. Our series of five auctions in late March demonstrated the strengthening economy in a dramatic way, as we had capacity crowds and vigorous bidding all over Georgia. Ultimately, the total reached $17.5 million, as hundreds of bidders purchased homes, commercial properties and land to position themselves for a stronger economy.

The economy is notoriously difficult to predict, so it's hard to tell what's ahead. But all the momentum seems to be positive right now, and there are a lot of opportunities ahead. Our buyers know that those who prepare now by accumulating assets will be miles head in the months and years to come.

 

Georgia, Florida auctions for CharterBank to feature office buildings, shopping centers, restaurant

By John Dixon

ATLANTA, Ga. (March 18, 2013) – Office buildings, shopping centers, industrial land and a Pensacola restaurant are among approximately 75 properties currently owned by CharterBank that will be sold at auction April 10-11. John Dixon & Associates will manage both auctions.

The first auction, in Atlanta, will include a 21,000-square-foot office/warehouse in Rome, two strip shopping centers in Stockbridge, two two-story commercial office buildings in Newnan, and a 10,353-square-foot commercial office building in Newnan. It will be held at Quality Hotel & Conference Center beginning at 11 a.m. Wednesday, April 10.

The second auction will begin at 2 p.m. Thursday, April 11, at the Pensacola Bay Center (formerly the Pensacola Civic Center).  Properties to be sold include the former home of Wintzell's Oyster House on East Chase Street in Pensacola.

The auction company will sponsor free informational seminars for brokers, prospective buyers and others  interested in participating in the auctions.

“The seminars will be designed to help real estate professionals and prospective bidders understand how to participate in these auctions. We'll cover the entire process, including what properties are available, how to prepare, how to bid and what to expect after the auction,” said Buddy Lee, director of business development for John Dixon & Associates. The first will be at the John Dixon & Associates offices in Marietta, at 2 p.m. on Wednesday, March 27. The seminar for those planning to participate in the Pensacola auction will be at 2 p.m. Thursday, March 28, at the Pensacola Bay Center (formerly known as Pensacola Civic Center).

Individuals seeking additional information -- including specific dates and times for the events -- may contact the firm at 770-425-1141 or visit www.johndixon.com.

More than 480 bank-owned properties to sell in two Georgia auctions

By John Dixon

ATLANTA, GA. (March 19, 2013) -- Approximately 480 bank-owned properties in the Atlanta area and central Georgia will be sold at auction April 16 and April 18, as two banks sell scores of home sites, commercial properties, land and other properties. John Dixon & Associates will manage both auctions.

Properties to be sold on Tuesday, April 16, are concentrated in the eastern side of the Atlanta metro area, with properties in DeKalb, Jackson, Gwinnett and Barrow counties, among others. "The properties being sold April 16 include a number of residential lots, which developers and builders will be needing for new construction as the economy continues to strengthen," said John Dixon, president of the auction company. "While we'll be selling these in about 45 property groupings, some of the groupings include multiple lots, such as 57 lots in a single property in Hoschton and 76 lots in Winder. We also have an office warehouse in Winder and some nice commercial lots in Bogart."

The April 16 auction will begin at 11 a.m. at Chateau Elan, Braselton.

Among the properties selling on Thursday, April 18, are two day cares -- a 3,400-square-foot facility in Newnan and a 3,111-square-foot facility in Barnesville. "Most of the properties selling on Thursday are located between Macon and Atlanta, with concentrations around Barnesville, Covington, Thomaston and Griffin. We have quite a bit of commercial, residential and industrial land in this group of properties," said Dixon.

The April 18 auction will begin at 11 a.m. at the Hilton Garden Inn, McDonough.

Individuals interested in additional information about the two auctions may visit www.johndixon.com or call 770-425-1141.

March auctions feature both quality and quantity

By John Dixon

It's a given that quality and quantity don't always go together. But our upcoming group of auctions in March will feature a lot of excellent properties, including a golf course in Sumter County, dozens of nice homes, several restaurants. We'll be selling them over five days in five different cities. Be sure and check the details on these, because you'll find some assets that you'll likely find very profitable!

ATLANTA, Ga. (Feb. 22, 2013) -- A golf course, restaurants and a former funeral home are among approximately 250 bank-owned properties that will be sold in a series of five auctions beginning Tuesday, March 19.

"This is one of the biggest portfolios of bank-owned properties we've handled in years, with properties not only in Georgia, but also in Alabama, Florida and North Carolina. We'll have events in Americus, Tifton, Brunswick, Savannah and Atlanta," said John Dixon, president of John Dixon & Associates, which will market the properties and manage the auctions.

The series of events will begin in Americus Tuesday, March 19, with the auction of approximately 34 properties, including 10 homes, a funeral home and a golf course. Most of the properties in that sale will be in Schley, Sumter and Marion counties.

On Wednesday, the John Dixon team will move on to Tifton, where it will auction 40 properties, including 20 homes, a restaurant, four townhomes, and residential lots. Most of the properties in the Tifton event are located in Tift, Colquitt and Lowndes counties.

The third event will be at 11 a.m. Thursday, March 21, in Brunswick, with 53 properties, including river frontage, golf course lots, and homes. The fourth will be Saturday, March 23, in Savannah -- an auction that will include approximately 37 homes, as well as office condominiums and riverfront land.

The series of auctions will conclude with the sale of approximately 66 properties -- most located in the greater Atlanta area and north of Macon. The Atlanta area sale will feature a mix of commercial, residential and rural properties, including four golf course home sites, homes and commercial buildings.

Individuals seeking additional information -- including specific dates and times for the events -- may contact the firm at 770-425-1141 or visit www.johndixon.com.

John Dixon & Associates, based in Marietta, Ga., is a leading auctioneer of bank-owned properties throughout the United States.

Buddy Lee goes to Tallahassee to head Florida operations

By John Dixon

TALLAHASSEE, Fla. (Feb. 5, 2013) -- John Dixon & Associates has announced plans to beef up its marketing efforts in Florida, with a permanently staffed office in Tallahassee. Buddy Lee, CAI, has relocated to the area to head sales operations there.

"We've had excellent results in Florida over the years with virtually every type of property from Miami to the Panhandle. Today, the need for our services is greater than ever. Buddy and other John Dixon personnel will be working with bankers, developers, landowners and individuals across the spectrum. We're already known throughout the state for our success with land, home sites, condos, commercial properties and other types of real estate. An enhanced physical presence will enable us to better serve our clients there," said John Dixon, president of the auction company.

Lee, who grew up on a farm near Moultrie, Ga., gained experience working with a law firm and a real estate development firm before joining John Dixon & Associates as director of business development in 2007. He is a graduate of Georgia State University, and is a licensed real estate broker as well as auctioneer in both Florida and Georgia.

"Our primary focus will be Florida, South Georgia and South Alabama, but we won't be limited to those areas. We are already hard at work identifying opportunities and helping clients map out the best strategies for liquidating real estate," said Lee, who served as president of the Georgia Auctioneers Association in 2011-2012 before relocating to Florida.

John Dixon & Associates, based in Marietta, Ga., is a leading auctioneer of bank-owned properties and other real estate throughout the United States. Individuals seeking additional information may contact the Florida office at 850-765-2353 or visit www.johndixon.com.

 

Current real estate prices plus strengthening economy spell opportunity

By John Dixon

When it comes to investing in real estate, the folks in Chicago get it. And those who turned out for our two-day FDIC Chicago auction got some great deals on homes, condominiums, office condominiums and other real estate that should produce excellent returns in the next few years. 

Over two days, we had about 240 attendees, including 122 who came to bid in person. Another 36 participated online.  We sold 79 out of the 81 properties offered. Most of those -- 74, in fact -- were residences and commercial properties. As I'd noted when we first announced the auction, this sale consisted heavily of improved residential and commercial properties.

Across the board, the properties sold for prices that afforded the bidders with some excellent values. While many real estate prices have been firming up for several months, they're still at levels that enable investors to earn excellent returns, and we had a number of properties that were ideally suited to the needs of smaller investors, who figured prominently in the auctions.

Let's face it: When it comes to any investment, half the battle is buying at the right price. For a smaller investor, that means finding a property within your means. But whether you're investing $50,000 or $5 million, it also means investing at a level where the rental income provides a suitable rate of return, or at which you'll be able to make a profit down the road. 

Our auctions of bank-owned properties during 2012 have presented just those types of opportunities. Bidders have been acquiring properties at prices that won't last forever. At the same time, crowds at our auctions have been growing, resulting in solid results for the financial institutions and others for whom we're helping reduce inventories.  

We've had great year, and it's given me a lot of satisfaction to help our sellers reduce their holdings while providing avenues for investors to build portfolios that will make them a lot of money. I have every confidence that 2013 will bring more of the same.

Latest numbers on home stats underscore market strength

By John Dixon

One of the frustrating things about trying to get an accurate reading on economic trends is that numbers tend to bounce around from one month to the next. So when we get a series of numbers that all point in the same direction, it's a good idea to pay attention.

That's the case with the S&P/Case-Shiller Index, which has become the leading measure of U.S. home prices. The national composite was up 3.6% compared to the third quarter of 2011, and 2.2% compared to the second quarter of this year.

Not that I was surprised. I've been saying for a while now that the real estate market was recovering, and the new numbers are convincing:

·         Breadth. A recovery in one or two hotspots doesn't mean much. But of the 20 cities tracked, 17 were above their levels from a year ago.

·         Persistence. Both on a month-to-month and year-to-year basis, we've seen steady progress. The 10-City and 20-City Composites have risen month-over-month for six straight months.

 From the investor/buyer perspective, this is really good news. Real estate is still a great value, especially compared to the prices we saw before the credit crisis in 2007-2008, so there's a lot of room to grow. Yet, the upward trend is well established, showing that the market has stabilized and begun to gather steam.

That means, of course, that our upcoming two-day auction of 100 properties for the FDIC in Chicago will offer some excellent possibilities. We have an especially strong lineup of residential properties, many of which are concentrated in the Cicero area. We'll start at 11 a.m. on Saturday, Dec. 8, and 2 p.m. Sunday, Dec. 9. I look forward to seeing you there.

 

Chicago FDIC auction will have many investment opportunities

By John Dixon

I'm excited about our upcoming auction of 100 properties for the FDIC in Chicago. There are a lot of great investment homes in this group for those who might be seeking an income property.  Here's the release about the FDIC sale in Chicago.

As we move into the holiday season, I know a lot of folks will be taking vacations and spending time with family. But we're already hard at work lining up auctions for the new year. January and February can be an excellent time for an auction as people are returning from the holidays, charged up about the new year and looking for opportunities.

 

FDIC to auction Chicago-area residential and commercial properties

CHICAGO, Ill. (Nov. 14, 2012) -- Bank-owned homes, duplexes, multi-unit residences and commercial properties in the Chicago area will be among approximately 100 properties set to be auctioned by the FDIC on Dec. 8-9.

"This will be an excellent time for individuals seeking homes for themselves or their family members, or for real estate investors who are seeking to add to their portfolios of investment properties," said John Dixon, president of John Dixon & Associates, which will conduct the auctions.

"Most of these properties are unoccupied and present excellent opportunities for creating an income stream, or in some cases for renovation and resale," said Dixon.

One of the highest profile properties is a single family residence on Bosworth Avenue, in the Lake View Oscar subdivision. "This is a very upscale home that is only nine years old, located in a high-demand area. We also have some attractive commercial properties, including a property with a car wash and two restaurants, a couple of bank branches, and some office condominiums," said Dixon.

The first event, at which the FDIC will auction approximately 60 properties, will begin at 11 a.m. Saturday, Dec. 8. The second event, at which approximately 40 properties will be auctioned, will begin at 2 p.m. Sunday, Dec. 9. Both will be conducted at the Marriott Chicago Midway, 6520 South Cicero Ave.

Chinese and Spanish translators will be available both days.

Dixon said investors who had shied away from real estate since the credit crisis are now returning. "By virtually any yardstick, real estate is gaining strength, with home sales, construction and prices beginning to establish a clear uptrend. That means, of course, that those who delay too long will probably find themselves paying more," he said.

John Dixon & Associates, based in Marietta, Ga., is a leading auctioneer of bank-owned properties throughout the United States. Individuals seeking additional information may contact the firm at 770-425-1141 or visit www.johndixon.com.

 

Three-day series of North Georgia auctions starts Oct. 16

By John Dixon

ATLANTA, Ga. (Sept. 25, 2012) -- Office buildings, commercial buildings, land and even a church will be among 175 properties selling in a three-day series of auctions Oct. 16, 17 and 18.

"This is an excellent group of properties concentrated in north Georgia, and we're eager to put them into the hands of people who can use them to create homes and business opportunities," said Ronald Gailey, assistant vice president-special assets for the Community Bank & Trust, which is selling the properties.

They are being marketed by John Dixon & Associates, which will conduct the auctions.

"We have more variety in these properties than I've seen in a while, with some restaurants, office buildings, industrial buildings, land and about 21 homes," said John Dixon, president of the auction company.

The auctions will be conducted at the Gainesville Civic Center, beginning each day at 11 a.m.

On Tuesday, Oct. 16, the focus will be on the northeastern corner of the state, with properties in White, Habersham and Rabun counties. The sale will include two office buildings, two restaurants, commercial and industrial buildings and four unfinished homes. The second day, bidders will compete for properties in Stephens, Hart, Jackson, Hall, Madison, Towns, Banks, Dawson and Clay counties, as well as a residential property in North Carolina and agricultural land in South Carolina.

On Thursday, Oct. 18, bidders will compete for approximately 36 properties primarily stretching from Rome to Augusta, across the area just north of Atlanta.  Properties will include a retail and medical office center, agricultural land, commercial land, and 26 residential condo pads.

Bidders will be able to participate all three days either in person or via the Internet.

"We will stream the bidding over the Internet, and by prior arrangement, bidders can log in, listen and place bids just as if they were in the room. We'll have a representative to answer questions and help them place bids," said Dixon. "We're finding that this makes it possible for people to participate who couldn't get there otherwise."

Major Buying Opportunity!

By John Dixon

The local Chamber of Commerce may not have been thrilled when the S&P/Case-Shiller Index pointed out that Atlanta was the only city in its 20-city composite with a double-digit negative annual return on home prices, but real estate investors should welcome the news.

Farmland!!

By John Dixon

Atlanta real estate auction: Signal of an upturn?

By John Dixon

The statistics on the real estate market continue to improve, but my favorite indicator of where things are going is the number of bidders attracted to our auctions, and the intensity with which they bid. Last week, I was encouraged by both at our auction of a large group of properties in the Atlanta metro area. Here's a press release we did on the auction.

Real estate auction points to improving market 

Office buildings, retail properties, land and home sites to sell in auction of bank-owned real estate

By John Dixon

ATLANTA, GA (July 2, 2012) -- Retail and office buildings, commercial land and more than 200 home sites are among the bank-owned properties in metro Atlanta that will sell at auction Thursday, July 26, with John Dixon & Associates managing the sale.

“Most of the properties are located in the southern metro Atlanta area, including Fayetteville, Palmetto, Stockbridge and the Peachtree City area. But there are a few sprinkled elsewhere, including Villa Rica, Alpharetta and Snellville,” said John Dixon, president of the auction company.

“We have a strong group of commercial properties, including three buildings and three commercial pads at the beautiful Burkes Square development in Fayetteville,” said Dixon. “We also have the Woodbury restaurant formerly known as Wayne’s, and an office/warehouse and self-storage facility in Haralson.”

Other properties include a multi-tenant retail center with 17 bays (Riverdale), a five-bay truck shop and office/house (Conley), and a convenience store (Newnan).

The properties are owned by a major regional bank. “It’s unfortunate that the downturn of the last few years resulted in so many good properties ending up under the ownership of banks. But the upside is that great fortunes are often made by investing when prices are low. Many of these properties will probably sell at a fraction of their former prices. Smart investors understand that lower prices translate into excellent returns at low risk,” said Dixon.

The auction will begin at 11 a.m. at the Quality Hotel Conference Center, 1551 Phoenix Road, Atlanta. Individuals seeking additional information may contact the auction company at 770-425-1141.

John Dixon Associates, based in Atlanta, is a leading auctioneer of commercial property, residential property and land throughout the United States.

 

Is American real estate a 'buy' right now? Chinese investors seem to think so

By John Dixon

A couple of months ago, Chinese investors paid $2.15 million for a restaurant in Toledo, then another $3.8 million on land on which they plan to build a $200 million residential-commercial development.

Obviously, some folks with major buying power see something they like in American real estate. And it’s not just happening in Toledo. That just happens to be the example used in a recent Bloomberg article about the phenomenon. China may be on the opposite side of the world, but it’s second only to Canada when it comes to investing in American real estate.

I’ve been saying for some time that that this is the time to invest in real estate, and I’ve seen little reason to change my mind. Sure, the economy is still limping along. Too many people are jobless. And there doesn’t seem to be a lot of happy economic news.

But fortunes aren’t made by buying assets during boom times. Just ask all those people who bought real estate a few years ago, before the recession and the mortgage crisis brought things to an abrupt halt. In those days, it seemed like any idiot could make money in real estate, and practically every idiot tried to do just that. Investors were following the “greater fool theory,” assuming that even though they paid ridiculously high prices for homes, land and commercial properties, they could find a bigger fool to buy the properties at a higher price.

A lot of that real estate ended up in the hands of banks and the FDIC, and we’ve been selling thousands of these properties for a fraction of the prices they brought a few short years ago.

Of course, the covers of the financial magazines in 2005 were screaming of the fortunes that were being made in real estate speculation. The bookstores (we still had bookstores in those days) were full of books by newly minted real estate investment gurus promising you could accumulate a fortune in real estate with no money down.

We’re not seeing so many of those now. Instead, we’re seeing smart investors. I can’t speak to the wisdom of a $200 million investment in Toledo, but I can tell you that there are a lot of great values right now on real estate. Restaurants, homes, office buildings, subdivision lots -- you name it. And at current prices, they really can be an effective wealth-building instrument.

But why are the Chinese investing so aggressively in U.S. real estate? In part, Bloomberg says, it’s because they’re worried about a real estate bubble in their own country, and there’s a lot of concern about the banking system. (Sounds a lot like the United States in 2006 to me!)

At some point, international demand for American real estate may fuel increased prices, and that will be good news to the people smart enough to be buying now. But for the moment, we’re seeing the best opportunity in years.

Foreclosure-related sales were 26% of total in 1Q

By John Dixon

Georgia real estate sells for $2.125 million in John Dixon auction

By John Dixon

Successful John Dixon auction blitz: 11 commercial buildings, 10 events, three days, five states

By

ATLANTA, Ga. (May 21, 2012) -- Selling 11 commercial buildings would be a challenge under any circumstances. But when they're scattered out in more than 10 cities in five states, it calls for some serious coordination.

John Dixon & Associates not only pulled it off, but got the buildings successfully sold.

"We really felt that it was important to sell most of these buildings at the location itself, and that meant we had to form three teams, with multiple auctions two of the three days. But our folks were up to it, and we had 10 auctions, each of which ran smoothly and resulted in a successful sale," said John Dixon, president of the company.

The company dispatched one team -- including Dixon -- to Pennsylvania, where it conducted a morning auction in Richland and an afternoon event in Easton. A second team started in Riverdale, Ga., and moved on to Anniston, Ala., while the third headed to Virginia. The second day brought auctions in Hanover, Pa., Virginia Beach, Va., and Cottonwood, Ala. Finally, the Virginia and Pennsylvania teams were able to return to the company's Atlanta headquarters while the third went to Avon Park, Fla., for a final auction on the third day.

"The properties we were selling were primarily high-quality commercial buildings that had been left unoccupied as banks had gone through mergers and consolidations. It's very satisfying to get these into the hands of investors and businesses that can put them to good use in an improving economy," said Dixon. The properties sold for a total of $1.45 million.

In separate events on May 15-16, John Dixon Associates also sold four commercial properties in Tennessee for a combined $525,000. The buildings were located in Hampton, Pikeville, Spring Hill and Chattanooga.

More evidence of a strengthening real estate market

By John Dixon

Another big auction of commercial, residential properties set for May 23-24

By John Dixon

ATLANTA (May 4, 2012) -- Approximately 300 properties -- most of them in north Georgia and metro Atlanta -- will sell in a two-day real estate auction May 23-24, with John Dixon & Associates conducting the auction. Most of the properties are bank-owned and will sell at absolute auction, with no minimum or reserve bid.

“These two events will combine the assets of several different lenders and property owners, providing a substantial selection of properties, including office buildings, commercial land and lots, industrial buildings and land, homes, duplexes, lake lots, and golf course lots. We will sell them in approximately 100 groupings,” said John Dixon, president of the auction company.

The event on Wednesday, May 23, will focus on properties in north Georgia, including a home site on Lake Lanier in Buford, with a private boat ramp and dock. Other properties include dozens of residential lots, six townhome lots, homes and agricultural land.

“With so many properties, we felt we needed to offer them over two days to do all of the properties justice,” said Dixon. Events both days will begin at 11 a.m. at the Holiday Inn Atlanta Perimeter, 4386 Chamblee-Dunwoody Road, Atlanta.

The event on Thursday, May 24, will include homes, a six-unit office building, an auto repair shop, and scores of residential lots for future construction.

“The economy is continuing to gain steam, and it won’t be long before developers, builders and individuals will once again be seeking lots on which to build homes. Those who obtain them now will no doubt get them at lower prices, resulting in a better total return on their investments,” said Dixon.

The auction also will include properties in North Carolina and Alabama, including a lakefront lot in Alabama’s Wilcox County.

Individuals seeking additional information on the properties may visit johndixon.com or call 800-479-1763.

Mixed signals aren't necessarily a bad thing

By John Dixon

Last week's buyers will earn excellent returns

By John Dixon

Tallahassee, Fla. (April 13, 2012) -- A standing-room-only crowd jammed the room Thursday as bidders competed for condominiums, commercial properties, residential home sites and other real estate.

 

"It's clear that smart real estate investors are looking ahead and getting themselves positioned for an improving economic climate," said John Dixon, president of John Dixon & Associates, which conducted the auction for Arkansas-based Centennial Bank. "Our seller was quite pleased with the number of bidders, the level of bidding and the outcome."In addition to well over 200 people who attended the event live, another 150 participated via a live simulcast. By the end of the auction, all of the properties had sold for a total of $2.5 million.

 

"Among bankers, real estate investors and others, I'm hearing a lot of improving confidence. I wouldn't go so far as to call it optimism, but at least it's a sense that we've bottomed out and it's a good time to obtain investment properties while they're still available at much lower prices than they were a few years ago. Buying at today's prices will translate into better returns on investment and more long-term appreciation potential down the road when the crowd discovers the benefits of real estate investing again," said Dixon.

 

Most of the properties sold were clustered near the coast from Panama City Beach to Carabelle. Among them were two condominiums in the Preserve at Bay’s Edge in Appalachicola. Upcoming John Dixon sales include 13 commercial buildings located in Alabama, Florida, Georgia, Virginia and Pennsylvania on May 1-3; bank-owned properties in Tennessee on May 17, and bank-owned properties in metro Atlanta May 23-24. Individuals seeking additional information may visit johndixon.com or contact the auction company at 800-479-1763.

 

Florida Panhandle condos, commercial properties, home sites

By John Dixon

4,800 properties sold by John Dixon in 2011

By John Dixon

Welcome to the Blog

By John Dixon

Successful John Dixon auction blitz: 11 commercial buildings, 10 events, three days, five states

By John Dixon

Successful John Dixon auction blitz: 11 commercial buildings, 10 events, three days, five states

ATLANTA, Ga. (May 21, 2012) -- Selling 11 commercial buildings would be a challenge under any circumstances. But when they're scattered out in more than 10 cities in five states, it calls for some serious coordination.

John Dixon & Associates not only pulled it off, but got the buildings successfully sold.

"We really felt that it was important to sell most of these buildings at the location itself, and that meant we had to form three teams, with multiple auctions two of the three days. But our folks were up to it, and we had 10 auctions, each of which ran smoothly and resulted in a successful sale," said John Dixon, president of the company.

The company dispatched one team -- including Dixon -- to Pennsylvania, where it conducted a morning auction in Richland and an afternoon event in Easton. A second team started in Riverdale, Ga., and moved on to Anniston, Ala., while the third headed to Virginia. The second day brought auctions in Hanover, Pa., Virginia Beach, Va., and Cottonwood, Ala. Finally, the Virginia and Pennsylvania teams were able to return to the company's Atlanta headquarters while the third went to Avon Park, Fla., for a final auction on the third day.

"The properties we were selling were primarily high-quality commercial buildings that had been left unoccupied as banks had gone through mergers and consolidations. It's very satisfying to get these into the hands of investors and businesses that can put them to good use in an improving economy," said Dixon. The properties sold for a total of $1.45 million.

In separate events on May 15-16, John Dixon Associates also sold four commercial properties in Tennessee for a combined $525,000. The buildings were located in Hampton, Pikeville, Spring Hill and Chattanooga.

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