Category: John Dixon Associates News
Posted: 5/1/2019
Historic Winston-Salem homes to headline upcoming John Dixon auction
By

WINSTON-SALEM, North Carolina (May 1, 2019) -- In 1884 and 1885, two majestic homes were built side by side on what is now South Cherry Street in Winston-Salem’s central business district. Today, both of those homes are designated as historic properties and will sell to the highest bidder in an upcoming auction, with John Dixon & Associates conducting the event.

In recent years, both homes have been renovated and are zoned for commercial use, according to John Dixon, president of the auction company. “The craftsmanship in both is exquisite, and with their location, they’re both ideally located for use as law offices or similar use,” said Dixon. The auction will begin at 6 p.m. Thursday, May 23, at the property.

Both homes are included on the National Register of Historic Places.

The auction of the homes will follow the company’s auction of approximately 100 properties a day earlier in Atlanta. That auction, which will begin at 2 p.m. Wednesday, May 22, will feature real estate in 57 groupings spread over seven states – Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia.

One highlight of the May 22 auction will be an 8.7-acre equestrian center in Alpharetta (City of Milton), in North Fulton County. “This is a beautiful property, which bidders may wish to consider not only as a horse property but also as a development opportunity,” said Dixon.

Also selling May 22 will be 8.7 acres of pad ready retail land on Epps Bridge Parkway in Athens and 3.37 acres of commercial land in Canton, in Georgia’s Cherokee County.

Individuals seeking additional information may visit johndixon.com or call 770-425-1141. John Dixon & Associates, headquartered in Marietta, Georgia, conducts real estate auctions for financial institutions, investment funds and individuals throughout the United States.

 
Posted: 4/2/2019
Congratulations to Joe Tarpley for 55 Years of Auctions!
By
 

Congratulations to Joe Tarpley for 55 Years of Auctions!

 

 

Mr. Joe Tarpley just celebrated 55 years of selling real estate at auction. He helped to establish the Georgia Auctioneers Association in 1977 and has been a continued supporter of our group. Joe was inducted into the GAA Hall of Fame in 1988 and awarded by the National Auctioneers Hall of Fame in 1988. Please join us in this walk down memory lane from Joe’s early beginnings at J.L Todd Auction Company to his current position as Associate Broker, Auctioneer & Business Development with John Dixon & Associates, located in Marietta, GA.

55 Years of Auctions – JOE TARPLEY PHOTO GALLERY: 

 
 

Joe 1966 at J.L. Todd Auction Co.

 

1977 Farm Auction

 

2011 NAA Charity Auction


 
 

1999 NAA Hall of Fame Award

 
 

1988 Auctioning Commercial Property


 
 

“Mr. Joe” 2019

 

 
Posted: 2/28/2019
Commercial land and subdivision lots are hot in John Dixon auction
By

ATLANTA, Georgia (Feb. 28, 2019) -- Six commercial out-parcels around a Lowe’s store in Fredericksburg, Virginia, sold for $792,000 in John Dixon & Associates’ February Multi-Seller auction of properties being sold by banks, hedge funds and investors of all sizes.

“We got a great response on the out-parcels, and the seller was pleased. In all, we sold 70 offerings for a total of $2.85 million,” said John Dixon, president of the auction company.

The auction attracted approximately 40 bidders for the two days of live bidding in Atlanta. More than 50 others watched the streamed event and bid via the Internet.

“We literally had real estate from Virginia to South Florida, and from Texas to Georgia, so there were a lot of people who were bidding on properties near them. This gives us the best of live and Internet bidding, allowing us to greatly expand our range,” said Dixon.

Sales also included two former school facilities in West Orange, Texas; canal front residential lots in Cape Coral, Florida; and 45 home sites in McCormick, South Carolina.

“One thing that jumped out was the increase in demand for quality subdivision lots, which had been slow to bounce back. It looks like the builders have about built out their supply of home sites and are back looking for more across the board. We had three home sites in Alpharetta that averaged about $83,500 each, and also got some nice prices on lots in Douglasville subdivisions,” said Dixon.

John Dixon & Associates, headquartered in Marietta, Georgia, is already lining up properties for its next multi-seller auction in the spring. Individuals, financial institutions, investment funds and others seeking additional information on selling may visit johndixon.com or call 770-425-1141

 
Posted: 10/29/2018
Marietta to Pennsylvania, 268 properties set for major real-estate auction
By

ATLANTA, Georgia -- A suite of medical offices near Savannah, an oceanview condominium in Daytona, and other real estate will be among more than 268 properties in nine states selling in two days of auctions, with John Dixon & Associates conducting the event. The properties will be grouped into 80 offerings.

The live auctions will be held Nov. 14-15 at the Mansour Conference Center, 995 Roswell Street, Marietta, with sessions beginning at 2 p.m. each day. The bidding will be streamed, and bidders from anywhere will be able to participate just as if they were in the room.

“Remote bidding will be especially important on this auction, because we have properties in nine different states – Florida, Georgia, Kentucky, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia,” said John Dixon, president of the auction company. “If someone in Pennsylvania is bidding on a property near them, there’s really no reason to make them come to Atlanta for the auction. This is more efficient for everybody,” he said.

The auction is part of the company’s Multi-Seller series, which allows banks, investors, and individuals to participate whether they have a lot of properties or just one or two.

"We have quite a few great properties right here in Georgia. One gem is a dockable residential lake lot in Greensboro (Greene County). We also have a couple of nice houses -- one in Marietta and one in Louisville," Dixon said. “This is a great auction for those seeking investment homes, with a total of a dozen homes, including three in North Carolina, and one in Pennsylvania.”  
Posted: 8/9/2018
Luxury Ocean Springs home set for September 9 auction
By

OCEAN SPRINGS (August 9, 2018) -- Chateau LeJeune, a majestic 6,000-square-foot luxury home on Old Fort Bayou, will sell at auction Sunday, September 9, with John Dixon & Associates conducting the auction.

The home on 4.42 acres in the elite Maurepas Landing waterfront community, has such touches as a 250-foot pier with a boat lift, custom library with a ladder for high shelves, a full-service bar, and one-inch-thick custom imported granite floors.

“It’s really hard to overstate the level of luxury and craftsmanship in this home, which I believe is one of the most remarkable on the Mississippi coast,” said John Dixon, president of the auction company.

“Given the unique nature of Chateau LeJeune, the buyer could come from down the street or across the country, so we are marketing the home aggressively throughout the Southeast and even across the United States. Bidders will gather on September 9 to compete for the home,” said Dixon.

Other features of the home include a steel support structure, five fireplaces, an elevator with four levels, a gourmet kitchen with four under-counter refrigerator doors and two under-counter freezer drawers. In addition to the 6,000 square feet of indoor living areas, the home has 2,000 square feet of covered porches and balconies, and 2,500 square feet of garage and storage areas.

The home at 707 Rue Rivage, Ocean Springs, was built in 2008. Open houses will be from 3 to 6 p.m. on August 26 and September 8. The home will be open for inspections at 1 p.m. on the auction day, September 9, two hours before the bidding starts.

Individual tours may be set up by contacting Billie Myrick, Moran Realty Company, 228-990-5706 or 228-875-5465. Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763.

 
Posted: 8/8/2018
More than 200 properties set for auction in two days of John Dixon auctions
By

ATLANTA – Commercial buildings, homes, land and other types of real estate will be among 226 properties from 12 states being sold at auction August 21 and 23. John Dixon & Associates will conduct the auctions, in which the properties will be grouped into 92 offerings.

The auction will include real estate in Alabama, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia.

One highlight on August 21 will be the auction of a medical office building in Garden City, Georgia, in Chatham County. “Three of the four units in this building are occupied, so it should be a great investment for a perceptive bidder,” said John Dixon, president of the auction company.

Also selling on August 21 will be a commercial office building in Valdosta and 165 acres of land in Byhalia, Mississippi. “This is a lot of land and is only a half hour south of Memphis, so I expect considerable interest in that,” said Dixon.

The auction on Thursday, August 24, will include three commercial buildings at 1768 Veterans Memorial Highway in Austell, in Cobb County, as well as 96 partially developed townhome lots on Nottingham Woods Boulevard in Palmetto, in Fulton County.

“We also have some nice properties outside the area, including a commercial-retail/office building in Murphysboro, Illinois, and a commercial building in Clinton, North Carolina,” said Dixon.

Both events will be held at the Mansour Conference Center, 995 Roswell Street, Marietta, Georgia. The event on Tuesday, Aug. 21, will include 47 offerings, and the one on Thursday, Aug. 23, will include 45 offerings. Individuals interested in additional information may visit www.johndixon.com or call 770-425-1141.

John Dixon & Associates, based in Marietta, Georgia, also has offices in Tallahassee, Florida; Clayton, North Carolina, and Myrtle Beach, South Carolina.

 
Posted: 5/17/2018
Former BB&T branches going up for auction in Triad and across North Carolina
By Luke Bollinger Reporter, Triad Business Journal May 17, 2018, 1:16pm EDT Updated May 17, 2018, 1:41pm

Eighteen bank branches will sell at auction on May 31 and will include one former BB&T branch in the Triad and three others across North Carolina

John Dixon and Associates will conduct the auction at the Marriott in Winston-Salem. The former BB&T and BancorpSouth branches up for auction are located across seven states: North Carolina, Virginia, Pennsylvania, Arkansas, Tennessee, Mississippi and South Carolina.

BB&T CEO Kelly King had announced in September that the bank would be shuttering 140 locations nationally, an increase from the 100 that it had indicated only a few months earlier in April. That represented about 6 percent of its locations, with King explaining that, ""For the last 10, 15 years, we’ve been kind of handicapped, because we’ve been having to deal (with) the digital system, while at the same time we’ve been having to carry along the traditional brick-and-mortar systems without much opportunity to rationalize the cost on the traditional system. That is changing very quickly now."

Twelve of the branches being auctioned, including the four in North Carolina, will sell absolute, with no reserve, meaning the highest bid will not have to surpass a minimum threshold to be sold.

One of the former BB&T branches is located in Denton, in Davidson County, at 94 N. Main St.

According to Davidson County tax records, the 2,304-square-foot building is valued at $301,340 and the land is valued at $20,250, representing a total market value of $321,990.

A list of the three other BB&T branch locations in North Carolina with tax record data:

  • 3201 First Ave. SW, Hickory, with a total market value of $413,500.
  • 2451 Soco Road, Maggie Valley, with a total market value of $285,700.00.
  • 140 N. McKinley St., Coats, with a total market value of $396,600.

"The Wall Street Journal recently reported that banks are closing branches at the fastest rate in decades due to customers' increased use of smartphone apps, websites and ATMs. This auction, which includes branches offered by two large regional banks, allows them to get these empty buildings off their books, while providing quality locations for other banks, credit unions and other businesses," said John Dixon, president of the auction company.

Dixon noted that most of the buildings are located in areas with good traffic and can be adapted for multiple uses, including office space, retail, food services and others. 
Posted: 5/14/2018
Major auction of bank branches in up to seven states set for Winston-Salem auction
By

WINSTON-SALEM, North Carolina (May 14, 2018) -- Nineteen bank branches in seven different states will sell at auction Tuesday, May 31, with John Dixon & Associates conducting the auction. Thirteen of the branches will sell absolute, with no reserve.

The auction will include five branches in North Carolina, five branches in Virginia, three in Pennsylvania and two in Arkansas. Other branches are located in Tennessee, Mississippi, and South Carolina. Among the North Carolina properties are branches in Hickory, Denton, Maggie Valley, Broadway and Coats.

“The Wall Street Journal recently reported that banks are closing branches at the fastest rate in decades due to customers’ increased use of smartphone apps, websites and ATMs. This auction, which includes branches offered by two large regional banks, allows them to get these empty buildings off their books, while providing quality locations for other banks, credit unions and other businesses,” said John Dixon, president of the auction company.

“Most of these are quality buildings in locations with good traffic. Even as the big banks close branches, many other businesses are growing and in need of quality space. Of course, most of these buildings can be adapted for a wide range of uses, including office space, retail and even food service. Some buyers will probably get some great deals on these, because most are selling with no reserve. Getting these branches sold will open the way for new businesses and help the local economies,” said Dixon.

The auction will begin at 11 a.m. at the Marriott Winston-Salem, 425 North Cherry Street, Winston-Salem, N.C. Remote Internet bidding available by prior arrangement. Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763. 
Posted: 5/1/2018
Real estate from 12 states to sell in two-day auction
By

ATLANTA, Georgia (May 1, 2018) -- More than 300 properties across the Southeast and beyond are set for auction May 15-16, with John Dixon & Associates conducting the event. The real estate is grouped into 87 offerings, including residential and commercial land, waterfront home sites, homes, and commercial buildings.

The auction will begin at 2 p.m. each of the two days, with live bidding at the Mansour Conference Center in Marietta and remote bidding via Internet by prior arrangement. Remote bidders will be able to see and hear the bidding and converse with a bid assistant, competing in real time with on-site bidders.

Included in the auction are properties in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and West Virginia.

“This is one of our Multi-Seller auctions, so we have a number of different sellers – investment funds, financial institutions, individual investors and individuals – offering real estate during these two days. Most folks will want to focus on the properties in areas where they live or run a business, and they can either come to Atlanta or bid remotely. But we do emphasize that people need to look at any property on which they plan to bid,” said John Dixon, president of the auction company.

“We have a number of investment homes, home sites on lakes and golf courses, and some commercial buildings, especially in Georgia. For example, there’s an office building in Valdosta, a service station in Adrian, and an industrial warehouse in Cairo,” he said. 
Posted: 4/5/2018
Savannah Lakes Lodge property sells for $2.569 million
By
McCORMICK, South Carolina (April 5, 2018) – Wednesday’s auction of the conference center formerly known as Savannah Lakes Lodge drew a capacity crowd and produced a bidding contest that resulted in a total price of $2,569,600. John Dixon & Associates marketed the property and conducted the auction.

The auction included the 22,000-square-foot conference center, the 80-room lodge, the 5,000-square-foot lakefront restaurant, the pool, two tennis courts, an 18-hole miniature golf course and approximately 514 acres of land.

Bidding opened first on the conference center, lodge, restaurant, pool, tennis courts, miniature golf course and other structures, bringing $1.65 million. The land was offered in 10 parcels, then bidders were allowed to bid on all of the land together, resulting in a price of another $919,600.

"I really think the location was a key to the success of the auction," said John Dixon, president of the auction company. "The facilities sold with all of the contents, but after several years of being closed, the new owner will no doubt be investing in some updates."

The auction, held at the Hickory Knob State Park, drew a live crowd of at least 150, including 42 registered bidders. Another nine registered bidders participated online.

The company's next major event will be the auction of more than 150 properties in 60 offerings in 11 states for a major financial services company. Individuals seeking details on that and other events 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.

Posted: 4/2/2018
Savannah Lakes Lodge property set for April auction
By
McCORMICK, South Carolina – The conference center once known as Savannah Lakes Lodge will sell at auction Wednesday, April 4, with John Dixon & Associates conducting the auction.

The auction will include the 22,000-square-foot conference center, the 80-room lodge, the 5,000-square-foot lakefront restaurant, the pool, two tennis courts, an 18-hole miniature golf course and approximately 514 acres of land.

“The conference center and lodge have been closed for a few years, but they can be updated so that the resort can once again become a popular destination for vacationers. All of the land will sell absolute, with no minimum or reserve. As we see our economy growing stronger by the day, this is a great time for someone to obtain a resort and land that could become a very profitable vacation destination,” said John Dixon, president of the auction company.

The conference center, lodge, restaurant, pool, tennis courts, miniature golf course and other structures will sell as an entirety. “The buildings are furnished, right down to the guest rooms, and there’s some nice furniture in there,” said Dixon.

The 514 acres of land will sell in 10 tracts, ranging from two acres to 214 acres. The land fronts on paved roads and has sewer and water service, as well as underground utilities, including fiber optic cable in front of all the tracts.

The auction will begin at 11 a.m. Wednesday, April 4, at Hickory Knob State Park, 1591 Resort Drive, McCormick, South Carolina, 29835.

Auction personnel will be available at the conference center to accommodate inspections and provide detailed information on March 28-29 and April 3-4. Individuals seeking times and information about the land and facilities 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.

Posted: 3/7/2018
Improved residential real estate market produces strong results in John Dixon auction
By
ATLANTA (March 7, 2018) – Demand for homes – and land on which to build new ones – is surging, resulting in strong bidding that led to more than $5 million in sales during a two-day John Dixon & Associates auction featuring properties from throughout the Southeast and beyond.

“The real estate market overall is greatly improved, and bidders were competing vigorously for homes, subdivision lots and land. The inventory of homes on the market has dwindled to low levels, so builders and developers are looking for more land on which to build. That makes this a great time for investors, banks and others to go ahead and sell at auction,” said John Dixon, president of the auction company.

The February auction included properties owned by banks, hedge funds, corporations, estates and individuals. The February event featured properties from Georgia, Alabama, North Carolina, South Carolina, Florida, Mississippi, West Virginia, Tennessee and even Indiana. It attracted 65 registered bidders in person and another 130 who watched and bid over the Internet.

Highlights of the two days included a Panama City condominium, which sold for $270,000, and a 7,000-square-foot industrial building in Valdosta, Georgia, which sold for $245,000.

“The residential market has come back really strong, but we saw good bidding in all asset classes, including some unimproved land. This appears to be the market that investors have been waiting for to lock in solid profits on their investment,” said Dixon.

Upcoming events include an auction set for April 18-19 on 150 properties in 13 states, including Alabama, Arizona, Florida, Georgia, Illinois, Kentucky, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Wisconsin. The company also is currently organizing its next multi-seller event. A third major event, in May, will be the auction of bank branches. A major bank has already scheduled the auction of a number of branches, and other financial institutions are invited to sell in that event as well.

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.

Posted: 7/21/2017
John Dixon & Associates launches program to auction bank branches
By

ATLANTA -- With banks closing branches nationwide, John Dixon & Associates has announced that the company will conduct quarterly auctions to help banks, credit unions and other financial institutions liquidate facilities that have been closed.

The company made the announcement upon the successful auction of 14 bank branches and six commercial tracts in Alabama, Florida, Georgia, North Carolina, Pennsylvania and Virginia. The auction attracted vigorous bidding, resulting in the sale of all the properties for a total of $3.3 million.

“We’ve sold hundreds of bank branches all over the country over the years, but given the current rate at which bank branches are closing, as well as unimproved sites that were never developed, we decided to have a program geared specifically to that marketplace,” said John Dixon.

The company’s quarterly bank branch auctions will resemble its successful “Multi-Seller” auctions, which have combined offerings from banks, investors, investment funds and individuals.

“These have allowed different sellers to put as few as one or two properties in an auction and share the marketing costs with others who are selling in the same event.  Our quarterly bank branch auctions will operate on the same concept. Many financial institutions have branches or related properties for sale for various reasons.  Regardless if they have a single asset or many, we now have a program to sell branches throughout the United States in a single auction platform,” said Dixon.

He said the number of branches being offered in the near future will be higher due to the trend toward more online and remote banking, increased use and sophistication of ATMs and other market factors. Some banks also are closing older branches to open sleeker, more modern local offices in higher traffic areas, he said.

“When you can deposit a check remotely by taking a picture of it with your phone, there’s less need for a bank down the street,” he said.

 
Posted: 6/6/2017
Auction total nears $9 million in John Dixon Multi-Seller series
By

ATLANTA, Georgia -- Live and online bidders eager to buy real estate turned out in force and competed eagerly for hundreds of properties recently in a set of auctions that may mark a turning point in real estate auctions, according to John Dixon, president of John Dixon & Associates.

The Atlanta company’s most recent series of auctions topped $8.9 million in a multi-day event that featured hundreds of properties from 48 different sellers, with everything from subdivision lots to office buildings. The auctioneers sold real estate in Florida, Georgia, Alabama, Tennessee, North Carolina, South Carolina and Maryland.

The company saw a pickup in demand even on property types that have been challenging to sell in recent years. “For a long time after the crash, there was an oversupply of subdivision lots. But it appears that demand has finally caught up, and as a result you were seeing stronger prices. If that continues, people who have owned these properties for several years may finally decide it’s a good time to let them go,” said Dixon.

The auctions included events in Jacksonville, Florida as well as metro Atlanta. Each event featured live bidding, with bidders taking part both live and online.

“We saw more people wanting to be there in person, but about half the offerings also went to online bidders,” he said. Even as timed online auctions -- with no live bidding -- have grown more popular with many of his colleagues, Dixon believes the live-simulcast format generates more excitement and better results.

“We’ve done online-only auctions, and had some good results. There are situations in which those are a good choice, and we’ll use them sometimes. But it’s hard to argue with the results we’re seeing with our live-simulcast format now,” said Dixon.

The company is currently planning its next series of multi-seller auctions. Institutions, investment firms, individuals and others may visit www.johndixon.com or call 770-425-1141 for more information on including properties in those.

John Dixon & Associates, based in Atlanta with offices in Florida, North Carolina and South Carolina, is one of the nation's largest auctioneers of real estate.

Posted: 5/9/2017
Atlanta auction firm John Dixon pioneers new approach opening live auctions to banks, other institutions and individuals
By

ATLANTA, Georgia -- Atlanta-based John Dixon & Associates is forging a new path to enable more banks and other institutions -- as well as individuals -- to sell real estate at simulcast auction (live and online combined bidding). 

“We analyzed the whole auction marketplace and found that real estate owners of all types and sizes needed a more efficient and cost-effective way to sell in live auctions. Our enhanced Multi-Seller program provides the excitement of a live auction and the broader reach of online bidding,” said President John Dixon.

The demand for such an approach is reflected in the company’s upcoming auction, set for May 22 in Jacksonville, Florida, and May 24 in Atlanta. Sellers include several banks, six major Real Estate Investment Trusts, and about 30 individuals, according to Dixon.

“We’re getting a big response because you can’t beat the excitement of live bidders in a room, along with online bidders who are bidding right along with them during the auction. We’ve made that approach easier and more cost-effective, and it’s paying off for everybody. More sellers can use the live auction method, and bidders have more to choose from,” he said.

The upcoming sessions will feature some 560 properties in 165 groupings, offered by 48 different sellers.

“The states with the most offerings this time around are Florida and Georgia, with others in  Alabama, Tennessee, North Carolina, South Carolina and Maryland. And because we’re doing several of these a year, sellers are able to sell properties all during the year based on their needs. I don’t know of any auction company in the country who is offering this kind of service to sellers on a regular basis,”  said Dixon.

Details on all of the properties and groupings are available online at www.johndixon.com, and bidders and sellers alike may get more information by calling 404-609-1150. The next quarterly auction is scheduled for August 15-17.

John Dixon & Associates, based in Atlanta with offices in Florida, North Carolina and South Carolina, is one of the nation’s largest auctioneers of real estate.
Posted: 4/25/2017
San Juan Real Estate Auction to feature medical buildings, condos and commercial properties
By John Dixon

SAN JUAN, Puerto Rico (April 25, 2017) -- A convention center, medical office buildings and condominiums, office buildings, retail space and other properties will be among more than 30 offerings in an upcoming auction of real estate in Puerto Rico. John Dixon & Associates will conduct the auction, set for Thursday, May 11, in cooperation with Christiansen Commercial Real Estate.

“This will be a remarkable opportunity for investors, or for those seeking a location for a new or existing business. Quite a few of these commercial properties have been used as medical offices and facilities and are suitable for general office space, retail space, and other purposes as well,” said Drew Dixon, of the auction company.

“Some of these are currently producing income, and many are quality buildings in highly desirable areas of San Juan, Manati, Carolina and other cities, especially along the northern coast,” he said.

Individual offerings include several attractive properties in Manati, including a commercial condominium in a medical plaza, a three-level commercial building with 19 parking stalls, and a commercial building formerly used as a surgical clinic. The largest concentration of offerings is San Juan, including commercial condominiums, commercial buildings, a home, and a mixed use building. Other properties offered include a convention center in Moca and a medical office condominium in Caguas.

The auction will begin at 2 p.m. Thursday, May 11, at the Condado Plaza Hilton, 999 Ashford Avenue, San Juan. The event will be streamed live, with online bidding available by prior arrangement. Individuals seeking more information may call 800-479-1763 or visit www.johndixon.com.

John Dixon & Associates, based in Atlanta with offices in Florida, North Carolina and South Carolina, is one of the nation’s largest auctioneers of real estate.
Posted: 10/26/2016
Commercial condos, office buildings among 24 properties selling in Nov. 10 real estate auction
By John Dixon
HATFIELD, Pennsylvania -- Five commercial condominiums on West Liberty Street in Lancaster will headline a full lineup of 24 commercial and residential properties selling at auction Thursday, Nov. 10. John Dixon & Associates will conduct the auction, which will also include office buildings, land, a bar/restaurant and other properties in Pennsylvania, Maryland, New Jersey, Virginia and West Virginia.

 

“We really have some great properties, including these five commercial condominiums in Lancaster -- all selling absolute -- in a beautiful building with ample parking, key card access, and shared conference rooms,” said Drew Dixon, who is coordinating the auction.

 

 
A country retreat in Landenberg, Pennsylvania, is also expected to attract some interest, Dixon said. “This is an eight-bedroom multi-level home with 200-year-old hand hewn beams providing a lot of character. It was set up as a four-unit apartment and is ideal for rentals, use as a bed & breakfast or a single-family home,” he said.

 

Other properties slated for sale include office buildings in West Virginia and New Jersey, as well as vacant, multi-family and mixed-use land, he said.

 

“This will be a great opportunity for individuals, developers or investors to acquire some properties that can provide income streams and business opportunities,” said Dixon.

 

The auction will begin at 1 p.m. Thursday, Nov. 10, at 501 Fairgrounds Road, Hatfield, in the facilities of Alderfer’s Auctioneers & Appraisers. The auction will be simulcast, with Internet bidding available by prior registration. Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763.

 

John Dixon & Associates, based in Atlanta with offices in Florida, North Carolina and South Carolina, is one of the nation’s largest auctioneers of real estate properties, including land, residential, commercial and industrial properties.

Posted: 8/30/2016
A Major Real Estate Auction in Puerto Rico
By John Dixon
 
 
Puerto Rico will soon play host to a major real estate auction by John Dixon & Associates.

The Sept. 10 auction will include more than 40 real estate properties in Puerto Rico, including residential, commercial, retail, multi-family and office properties.

The properties are being sold by a United States based equity fund focused on Latin America and the Caribbean.

“There’s never been a better time to buy real estate in Puerto Rico, whether you live on the island or on the mainland, and this auction provides a rare opportunity to acquire some great properties,” said John Dixon, president of the auction company. “We have a lot of high-quality properties that will be of interest to individuals, investors, builders and developers in the United States as well as Puerto Rico.”

Among the properties are medical offices, three restaurants, shopping centers, a 45-room motel, a townhome and tracts of land for development.

The auction will begin at 11 AM eastern time at the Condado Plaza Hilton in San Juan.

“This will be a live auction, streamed in real time on the internet. Online bidders may communicate with auction personnel on the floor of the event and enter their bids at the same time as live bidders,” Dixon said.

Source Caribbean Journal staff
Save
Posted: 1/27/2016
The perfect auction for real estate investors
By John Dixon

Longtime business leader A.B. Rose to sell properties at auction

ROCKY MOUNT, North Carolina (Jan. 27, 2016) -- After a lifetime of living and doing business in North Carolina, A.B. Rose and wife Carol are planning to move to Arizona. And that means his lakeside home, an office building, commercial land and other Nash County properties need to be sold.

So Rose has retained John Dixon & Associates to market 18 of his properties in a live auction set for 11 a.m. Saturday, Feb. 20, at the DoubleTree by Hilton in Rocky Mount. “I used an auction to sell business assets, so I was familiar with the process. This will clear the way to move to where we can downsize and be closer to family,” said Rose, whose A.B. Rose Construction Company closed in 2009. 

The five-bedroom home at 905 Old Mill Road sits on almost eight acres overlooking a 10-acre city-owned lake for which the owner of the home will have exclusive use. “The lake was a rock quarry to which we retained the exclusive rights, which will pass on to the buyer. It’s maintained by the City of Rocky Mount,” said Rose.

Another highlight in the auction will include the two-story office building at 430 S Wesleyan Boulevard in Rocky Mount. “This building has room for 10 offices, as well as a reception area, work room, file room, three restrooms and a full bath. It would be a great location for an insurance agency or almost any type of professional office,” said John Dixon, president of the auction company.

Also selling will be a 114-acre farm with a home for rental income, and a commercial property with an equipment shed, shop and shelter buildings. Other properties include several commercial land tracts, five of which are along S Wesleyan Boulevard.

Bidders will also be able to participate online while viewing a live simulcast.

Individuals seeking additional information may visit www.johndixon.com or call 404-625-6410.

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.

Posted: 7/22/2015
Market Shift: Becoming a Seller's Market
By John Dixon
The real estate market seems to be shifting to more of a seller's market, and that means it's a good time for investors and others to market their property through one of our Multi-Seller Auctions. Carl Carter and I talked about these changes, and about what sellers can expect when they consider selling in a John Dixon Auction.
 
Posted: 5/26/2015
Multi-Seller Auctions Continue to Draw Bidders
By John Dixon
We just came off another week in which we conducted three Multi-Seller auctions in as many days. The important thing to remember is that in many cases, the sellers probably would not have found an auction feasible without joining force with other sellers. The Multi-Seller format provides the "critical mass" to ensure cost-effective marketing and attract bidders.  -- John
 
 
Multi-Seller Auctions Continue to Draw Bidders
 
ATLANTA, Georgia (May 26, 2015) – Approximately 210 bidders turned out for a series of John Dixon & Associates auctions May 19-21, snapping up dozens of properties for a total of $2.86 million. The company began the series in Tallahassee, then moved on to Brunswick, Georgia, ending at its home offices in Marietta, Georgia.

“Our online buyers played a little bigger role in this group of auctions,” said John Dixon, president of the auction company. “Typically, we’ve had online bidders buying about half the properties offered in our auctions, but last week, the online bidders were more prominent, buying about two-thirds of the properties sold.”

The auctions featured properties from numerous sellers, using the company’s Multi-Seller format.

“The Multi-Seller auctions are continuing to evolve, as both sellers and bidders get more familiar with the concept. Sellers can offer just a few properties or even one, and the marketing cost is prorated. Bidders like them because they sometimes provide a wider variety. We still have some bank-owned properties in the auctions, but there are also some that are being sold by individuals, investors or investment funds,” said Dixon.

The company has already begun making plans for its next Multi-Seller auctions. “We’re getting a lot of inquiries on these. We’ve already been selling real estate from all over the Southeast, but we’re starting to get some from other regions as well, and the format works well for those as well,” said Dixon.

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, North Carolina and South 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.

Posted: 5/6/2015
Multi-Seller auctions coming May 19-21
By John Dixon
We're really excited about the response we're getting -- from bidders and sellers alike -- to our Multi-Seller auctions, which feature properties from different sellers. We have a great lineup of properties coming up. Here's a news release on the auctions, as well as a podcast in which Buddy Lee talks about the success of our Multi-Seller events.

 
May Multi-Seller Auctions to Include Prime Land, Commercial Properties

ATLANTA, Georgia (April 29, 2015) -- From prime waterfront land on the Gulf of Mexico to lakefront and commercial land in North Carolina, more than 300 properties are set to sell in a series of three May auctions in Tallahassee, Brunswick, Georgia, and Atlanta. John Dixon & Associates is managing all three Multi-Seller events, in which the real estate will be grouped into approximately 100 property offerings.

The series will open at 11 a.m. Tuesday, May 19 in Tallahassee, where properties will include home sites in the East Bay area of Panama City, an oceanfront home site on St. George Island, and a lodge and land in Carrabelle, Florida. The second event, which will begin at 11 a.m. Wednesday, May 20, in Brunswick will feature commercial properties in Camden County as well as home sites around Brunswick. The finale on May 21 in Atlanta will include commercial land and a home in Hayesville, N.C.

“This group of properties really illustrates the evolution we’re seeing in the industry. This auction includes properties owned by several banks, but it will also feature a good bit of real estate being sold by investors who have acquired it within the last few years and are now ready to sell it,” said John Dixon, president of the auction company.

“Each of these three auctions will be very different from the others. The Tallahassee event, for example, will have some really nice residential and commercial land. In Brunswick, we’ll have more in the way of commercial buildings, though there will still be some very nice residential property and home sites. In the Atlanta event, those North Carolina properties will include an incredible home site and commercial land near the Hayesville court house. The Atlanta event will also feature properties from Alabama, South Carolina, Tennessee and Indiana,” said Dixon.

Individuals seeking additional information, including auction locations, may visit www.johndixon.com or call 800-479-1763.

John Dixon & Associates, based in Atlanta with offices in Tennessee, Florida, North Carolina and South 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.

Posted: 2/4/2015
Why a live John Dixon auction with simulcast beats online-only
By John Dixon
A lot of folks are saying that an online-only auction gets results that are just as good as a live auction. I beg to differ, and I think you can see why in this little video clip that shows the energy we put into a live auction. As you watch, there are two important things to remember: (1) You're only seeing about half the bidders, because the others are watching all the action and bidding over the Internet, and (2) the live auction reflects weeks of hard work at getting photos, putting up signs, conducting due diligence and and preparing each property for sale.
 
Best of all, you don't have to be a banker or big portfolio manager to sell in a John Dixon auction. The auction you're watching actually had a number of different sellers, some of whom sold only one or two properties. By combining the resources of multiple sellers, we enable virtually anybody with real estate to sell it at auction. 


Posted: 1/30/2015
How Multi-Seller Auctions Can Help You Sell Your Real Estate
By John Dixon
We at John Dixon & Associates are best known for our multi-property auctions for banks. But you don't have to be a bank or a big institution to sell property in a John Dixon auction. Our Multi-Seller Auctions pool the properties and share the costs among all the sellers, so you can sell your property at auction even if you only have one or pieces. This is ideally suited for individuals, small investors or even large portfolio investors who just have a couple of properties to sell.
 
After a recent Multi-Seller Auction, I sat down with Carl Carter to talk about the process and how it can enable more property owners to sell at auction.
 

Posted: 1/15/2015
Feb. 4-5 auctions in Anderson, SC and Savannah
By John Dixon
We really have some prime real estate in these two auctions, including a golf course home on Hilton Head Island and a commercial building that was built as a bank branch only six years ago. 
 
Don't forget that investors of any size, as well as individuals, can sell their real estate through a John Dixon auction. Give us a call at 800-479-1763 to learn more.
 
---
 

Southeastern real estate to sell in absolute auctions in Savannah, Anderson, S.C.

SAVANNAH, Ga. (January 15, 2015) – A six-year-old office building that was built as a former bank branch,  a golf course home on Hilton Head Island, a former restaurant, and dozens of other commercial and residential properties will sell in a pair of auctions Feb. 4-5, with John Dixon & Associates managing the auctions.

The former bank branch, located in Richmond Hill, Georgia, is a 12,000-square-foot building built in 2008, according to John Dixon, president of the auction company. “This is a great location and a relatively new building that is suitable for use as office space for attorneys, insurance agencies, investment firms and other types of businesses,” he said. “In fact, this is a great group of properties, most of which are selling absolute, with no minimum or reserve.”

The properties will be part of more than 30 real estate offerings in North Carolina, South Carolina, and Georgia to be offered in an 11 a.m. event Thursday, Feb. 5, at the Holiday Inn Hotel & Suites, located near the Savannah Airport in Pooler, Georgia.

Another group of approximately 50 real estate offerings will sell the day before, on Feb. 4, beginning at 11 a.m. at the Hilton Garden Inn in Anderson, South Carolina. That auction will include several homes, as well as waterfront home sites, commercial and residential land, and other properties in North Carolina, South Carolina and Georgia.

“We’ll have a lot of nice investments in the Anderson event, and these are all selling absolute. These cover a broad area within South Carolina, Georgia and North Carolina. Real estate investors, builders and others will want to give these a good look,” said Dixon.

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. 
Posted: 1/6/2015
Upcoming auctions in Tallahassee, Atlanta
By John Dixon
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.

 

Posted: 8/13/2014
Investing by headlines can lead to bad decisions
By John Dixon

I'll confess that I get frustrated at times with the way media cover financial news. I wouldn't mind if it were just a matter of sensationalism, but it's not always that simple. At times, media show such a lack of perspective that stories convey the exact opposite of what is really the case.

Take this headline from a recent Wall Street Journal:

Home-Price Growth Slows Sharply, Case-Shiller says

Index Says Year-Over-Year Growth rate is Lowest Since February 2013

Sounds horrible, doesn't it? And I'll say at the outset that the facts in the story are basically correct. But let's look more closely. Just what does it mean to “slow sharply,” anyway? It sounds almost like home prices are crashing and burning. But right there in the second sentence, it tells us that the S&P/Case-Shiller index of home prices in 20 major cities shows home prices rising 9.3%. That doesn't exactly sound like a “batten-down-the-hatches” storm to me.

If our homes appreciated by 9.3% every year, we'd all be in high cotton. So why the hysteria? Because economists had been expecting prices to rise by 9.9%, which would still be down from 10.8% the previous year.

In truth, even a growth rate of 9.3% is probably unsustainable. After all the pain we've been through in recent years, the last thing we need is an overheated market. Rather, what we need is a good, healthy market for real estate owners – whether homeowners or investors – to prosper. And I'm seeing a lot of signs that we have just such a healthy market. Despite some bumps coinciding with international turmoil and the default of Argentina on its debt, the stock markets have continued their long term bull market.

It's also good to note that people are paying their bills. The S&P/Experian Second Mortgage Default Index shows that the default rate on second mortgages is holding steady at a low 0.57 percent, having remained well under 1 percent for more than two years. When you consider that 4.35 percent were defaulting on their mortgages five years ago, I'd say we're in pretty good shape by comparison.

This, of course, is important because when we're investing in rental properties, we naturally want to make sure people can pay the rent – or qualify for mortgages on properties we're selling.

This translates into a good environment for us, because the current environment is positive for both sellers and buyers. And in a John Dixon & Associates auction, you don't have to worry about whether you're getting a fair price. The competitive nature of the auction takes care of that!

Posted: 7/24/2014
Congrats to KJ Otis on receiving AARE designation
By John Dixon
I'm really proud of our CFO, Kathy (KJ) Otis, who recently received the Accredited Auctioneer Real Estate (AARE) designation. Here's the press release we issued on this very significant accomplishment!
 
----

John Dixon & Associates CFO receives AARE credential

ATLANTA, Georgia (July 24, 2014) – Kathy (KJ) Otis, chief financial and administrative officer for Atlanta-based John Dixon & Associates, has received the Accredited Auctioneer Real Estate (AARE) designation from the National Auctioneers Association Education Institute.

The designation is held by only 350 professionals in the United States. To qualify, Otis completed more than 42 hours of intensive training over a three-year period, covering ways to effectively market residential, agricultural, commercial and industrial real estate. In addition, the program included training in how to evaluate property, prepare it for auction, advertise it, prepare the financial documents for the auction and address other challenges.

John Dixon, president of the company, said the designation demonstrates Otis's broad area of expertise.

“In her role as our chief financial officer, KJ has her finger on every aspect of our business, and she understands the need to grow and continue her education to ensure that we can get the best possible service for our clients, who include banks and other institutions as well as individuals, trusts, and even government agencies. This presents us with a wide range of areas that call for specialized knowledge, and I'm proud of her for this very significant accomplishment,” said Dixon.

Otis attended Kennesaw State University and has served with John Dixon & Associates since 2002. She also serves as treasurer of the Georgia Auctioneers Association.

 
Posted: 6/4/2014
John Dixon & Associates Team in Action
By John Dixon
The John Dixon & Associates team had a great series of three sales recently in Georgia and South Carolina. One of our agents shot a little video I thought you might enjoy. Here's the press release on the auction:



 
Real estate sells for $8.25 million in series of three John Dixon & Associates auctions

ATLANTA, Ga. (June 2, 2014) – Large crowds of bidders filled bidding rooms in a series of Georgia and South Carolina auctions last week as John Dixon & Associates sold 108 properties for $8.25 million.

“We had fantastic crowds on all three days, in Gainesville, Ga., Greenville, S.C. and Savannah, Ga.,” said John Dixon, president of the auction company. Rooms were filled to capacity with live bidders, with other bidders watching the action online and entering their bids through the Internet.

“We had a good number of high-quality properties, and that makes a difference. Among those selling were a medical office building in Duluth, a multi-tenant retail property in Chesnee, S.C., and some townhouses in Savannah, as well as some other commercial and residential properties and land,” said Dixon.

Internet bidding continues to play a growing role as online and live bidders compete head-to-head, Dixon said. “We actually had more registered bidders online than in person for these three events, and 41 percent of the properties sold to bidders who were participating online. This really allows more people to participate without travel, and that translates into better results for our sellers,” he said.

John Dixon & Associates now turns its attention to the upcoming auctions of more than 400 properties throughout the Southeast June 24-26. “This is going to be an exciting group of auctions, and we'll be announcing the details very soon,” said Dixon. Individuals seeking additional information may visit www.johndixon.com or call 770-425-1141.

John Dixon & Associates, based in Atlanta with offices in Tennessee, Florida and North Carolina, is one of the nation’s largest auctioneers of institutional real estate properties nationwide.


 
Posted: 5/5/2014
Assessing the various auction types
By John Dixon

There are a lot of ways to do an auction these days, and various auction companies tend to favor one or the other. This can be confusing to someone who wants to sell, whether it's a single property or an entire portfolio.

To touch on the ultimate question of which is best, the answer is that it depends. Let's walk through the major ones one by one and consider the various advantages and disadvantages. While all of the methods can be used for either real estate or other assets (such as personal property or machinery), I'm going to focus on real estate, because that's our main business at John Dixon & Associates.

Before I describe the various approaches, let me say that regardless of the one you go with, you need to make sure that your auction company meets several criteria:

  • Up to the marketing challenge. Use one that will actively market your property and provide detailed information to bidders. No matter which format you use, it's critical to remember that people buying real estate always need to see the property and do their “due diligence” research, even if they're buying online. That means you need to use a company that will make provisions for inspections and provide the necessary documents. The property needs to be presented favorably with good photography, of course, and bidders need to be properly qualified to ensure the integrity of the process.

  • Properly equipped. Ensure that your company has the right tools for the format it is using. For example, if you're doing an Internet-only auction, you'll need to make sure the company has a proven, secure, user-friendly system for displaying your property, qualifying bidders, and taking bids. If it's a live auction with simulcast, ensure that the audio, video and connectivity are reliable, and that the bid assistant communicating with the online bidders is qualified to handle any questions that come up, whether technical or related to the property.

  • Properly licensed. License requirements for auctioneers and real estate brokers vary from state to state. Make sure your company is properly licensed for your sale.

Now, let's move on to some of the auctions available.

Live Auction
Before we move on to the various types of auctions involving the Internet, it's important to note that even today, the live, public-outcry auction continues to be the heart and soul of the auction industry. This is where my roots are, and even when we make use of the Internet, the overwhelming majority of our sales involve a live auction, where people gather into a room and enter their bids while a bid caller conducts the sale. This is also a favorite for most of our bidders and is most assuredly the most fun!

Timed Internet Auction

When it comes to auctions using Internet technology, this is probably the format with which most people are familiar, because it bears similarities to the format on EBay. Your property is shown with full information, photos and other critical information, and bidders may enter their bids within a defined timetable. This timetable can be for weeks or just a few days, but lately, more auction companies seem to favor shorter time periods.

Here are some of the advantages of a Timed Internet Auction:

  • Bidders may choose any time to enter their bids within the allotted time frame.

  • A bidder may enter a maximum bid, with the system raising the bid up to that amount as needed.

  • Costs may be lower because the auctioneer may not incur the costs of a live auction.

A common concern, of course, is that many feel that the more relaxed time frame and the absence of a live auctioneer can reduce the urgency and ability to get the highest possible price.

Timed online followed by live auction

In this hybrid arrangement, an online Internet auction is conducted in the days leading up to the live auction, then the high bid serves as the opening bid for the live auction. Its use for real estate appears to be declining, but there are still a number of companies using it. It's still very common in auctions of personal property. Since we rarely sell personal property, we've had few occasions to use it.

One reason often given for using this method is that it caters to both the bidder who prefers an online format and the one who prefers to participate in a live auction. Since most serious bidders are going to want to participate up to the very end, most would probably participate in the live event regardless of whether they had entered online bids, which would seem to make the online unnecessary. However, the online portion might provide a “security blanket” of bids going into the live event.

Live auction with simulcast

This is the format we use most commonly at John Dixon & Associates, because it allows bidders to be either live in the room or bidding via the Internet, depending on which they prefer. (Older bidders seem to prefer live bidding, while younger ones are more likely to bid online.) Either way, they compete head to head, at the same time, for the same properties.

It's common for us to sell 30, 40 or even 50 percent of our properties in a major portfolio auction to online bidders. This can vary widely, of course, depending on the number, type and value of assets being sold.

Whatever you do, make sure it's done well

There are more possibilities and twists, but these are the major ones. Ultimately, the most important thing is to do it well, and to work with a company that has a strong track record for professionalism, integrity and solid results.

We'll be talking about these and other options in a webinar on May 8, from 3 to 4 p.m. Eastern. You can register here.

Meanwhile, we can have a dialogue without waiting until we can meet in real time, so I invite you to offer your comments on this post.



Posted: 3/31/2014
Brad Davis a candidate for prestigious CAI Designation
By John Dixon
We put a lot of emphasis on continuing education and development at John Dixon Associates, so it was real a pleasure to see Brad Davis enter the coveted CAI designation.' 

Brad, who is a sales representative and online auction manager for our company, plays an important role in managing our auctions. The Certified Auctioneers Institute is a rigorous program that involves a week of intense training for three consecutive years. 

It was actually my pleasure to be one of the instructors for Brad's group, teaching a class on Qualifying  Sellers. The program provides advanced training in such subjects as marketing and advertising, business ethics, financial aspects of the business, technology, promotional strategies and much more. 

Once he completes the program in two years, he will be the sixth person in our firm to earn the CAI designation, along with Drew Dixon, Buddy Lee, Joe Tarpley, Mike Loftin and me. 

Congratulations, Brad! 
Posted: 2/3/2014
Major auctions of bank-owned properties set for February in Orlando, Atlanta and Birmingham
By John Dixon

We're getting ready for our first major group of auctions in 2014, and it's shaping up to be a great one, with excellent properties featured in each of the three events. We especially have a lot of good commercial properties such as offices and office condos, but there's much more. Here's our press release on the sales. You can see the entire inventory under the Upcoming Auctions section.

 
 
Major auctions of bank-owned properties set for February in Orlando, Atlanta and Birmingham

ATLANTA, Ga. (Jan. 28, 2014) -- More than 120 bank-owned properties in Georgia, Florida and Alabama -- including a wide range of commercial and residential properties -- will sell in a multistate series of three auctions Feb. 18-20, with John Dixon & Associates managing the events.

“This is our first major set of auctions of 2014, and it’s one of the best groups of properties we’ve had in a while,” said John Dixon, president of the auction company. “We have a wide range of offerings, including day care centers, restaurants, retail, homes, golf course lots, and land,” said Dixon.

The series of auctions will open at 11 a.m. EST Tuesday, Feb. 18, at the Marriott Orlando Airport, in Orlando. That sale will feature properties from Tallahassee to Miami, with a concentration in Central Florida. “One highlight is a 45-acre commercial tract on the bay in Melbourne. We also have some nice office condos in Tallahassee, and office buildings, warehouses, industrial properties and others dotted throughout the state,” said Dixon.

Approximately 65 Georgia properties will sell beginning at 11 a.m. EST Wednesday, Feb. 19, at the Holiday Inn Atlanta - Perimeter/Dunwoody. “We have a lot of properties from south of Atlanta up to the state line. A couple of highlights are restaurants in Stone Mountain and Newnan, a former auto dealership in Jasper, and a child care facility in College Park,” said Dixon.

The Birmingham sale is set for 1 p.m. CST Thursday, Feb. 20, at the Embassy Suites in Homewood, 2300 Woodcrest Place. It will include approximately 40 properties from around the state, including a two-tenant medical office building in Valley and an assisted living residence in Alabaster.

John Dixon & Associates, based in Atlanta, is one of the nation’s largest auctioneers of bank-owned residential and commercial properties nationwide.

Posted: 9/20/2013
The price is still right but for how long?
By John Dixon
I don't know of anything that'll get a person in trouble faster than overpaying. In the mid and early 2000s, that nailed a lot of developers, builders, real estate investors and individuals who chased real estate at insanely high prices fed by easy credit and lax lending standards.

Any seasoned real estate investor will tell you that you make your money when you buy the property. And for the people who bought at the wrong prices, the music stopped. Credit dried up in the crash of 2007, and those who'd gotten carried away were under water on their mortgages. Foreclosures followed by the thousands, and at John Dixon Associates, we've been selling those properties ever since – at a fraction of the previous prices.

Now I think we're looking at the flip side of this cycle. Foreclosures have dried up to a trickle, and those inventories of bank-owned properties are shrinking fast. That means a window of opportunity is beginning to close for developers, builders and individuals alike.

It's a double-sided opportunity, really. Just as the supply of foreclosed property is beginning to diminish, demand is set to surge. Unemployment has dropped from its 2009 peak of 10 percent all the way to 7.3 as of the August numbers. When people have jobs, they start wanting houses, and we're seeing just that: Sales of existing homes in August were at their highest level since … 2007.

Aah, 2007. The Crash. Even now, almost every headline about the economy includes the words “since 2007.” Highest home sales … since 2007. Strongest stock prices … since 2007. You get the idea.

We're still haunted by it. And that's not an entirely bad thing, as long as we learn the right lesson: Buy at the right price. A price you can afford. One that gives you some “headroom” to make money. A price at which you'll still be OK if interest rates blip up, or if the market hits an unexpected snag.

There's still good property available at the right price. Homebuilders are confident – but not dangerously so. The National Association of Home Builders/Wells Fargo builder sentiment is at 58 (anything over 50 is positive), and it's been steady at that level for about a year.

Meanwhile, interest rates keep ticking up. But they're still extremely low by historical standards.

Conditions are good, and improving. Prices are still a fraction of what they were … before 2007. But it's easy to see a time coming when the supplies will get short again, just as more families are ready to build or buy. When that day comes – and I suspect it's not so far off – folks will be wishing they'd loaded up at today's prices.

We'll be selling scores of home sites, as well as other residential and commercial properties in Georgia and North Carolina, in our Oct. 9 in Gainesville, Ga. Then on Oct. 22-23 we'll have about 100 offerings in Alabama, Florida, and Georgia.

As auctioneers, we'll be trying to get the highest prices we can for these properties, but I expect the properties will still sell at levels that will put the buyers in a good position to make future income and profits in the near future.
Posted: 7/23/2013
John Dixon elected to Auctioneers Hall of Fame
By John Dixon

Marietta's John Dixon elected to Auctioneers Hall of Fame

ATLANTA (July 23, 2013) -- John Dixon, founder and president of Marietta-based John Dixon & Associates, was inducted into the National Auctioneers Association's Hall of Fame Thursday night when the nation's auction professionals met in Indianapolis for their annual convention.

Dixon was one of three individuals named to the prestigious body, which has admitted only 140 members in its entire history.

"Apparently, everybody in the company knew but me, which is the way it's supposed to be," said Dixon. "I did notice we had more people from John Dixon & Associates than usual attending the convention, but I didn't think anything of it. It is one of the greatest honors of my life, and I'm humbled by the recognition."

Announcing Dixon's name during ceremonies at the Indianapolis Convention Center was veteran auctioneer Joe Tarpley, who is an agent with John Dixon & Associates.

Dixon has been in the auction business since 1976 and has served in numerous leadership roles in the industry, including service as a director of the NAA and as president of the Georgia Auctioneers Association. He has been instrumental in the sale of thousands of residential and commercial properties for individuals and banks throughout the United States, as well as for the Resolution Trust Corp., the Federal National Mortgage Association (Fannie Mae), and the FDIC.

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.

Posted: 6/26/2013
Florida panhandle properties sell for $1.7 million
By John Dixon

Given all the ongoing news about surging real estate sales and prices, it wasn't surprising to see scores of investors bidding on these properties in the Florida Panhandle. These smart buyers know that the time is growing short for getting bargains!

Here's the press release from yesterday's sale! -- John 

Florida panhandle properties sell for $1.7 million

TALLAHASSEE, Fla. (June 26, 2013) -- A standing-room-only crowd of real estate investors, individuals and other bidders jammed into a ballroom at Tallahassee's Hotel Duval Tuesday for the auction of 61 properties for Centennial Bank.

The properties -- including condominiums, homes and home sites -- brought a total of $1.7 million, according to Buddy Lee, who manages Florida operations for John Dixon & Associates.

"We had more than 180 registered bidders competing for the properties. There was a lot of excitement in the room, and I think the bidders who were participating via the Internet were picking up on that energy as well. This type of Internet bidding broadens the market and creates more demand, and we could see that Tuesday," said Lee.

Auction company president John Dixon said the large turnout may reflect a growing conviction that the recent gains in real estate prices will continue.

"Home prices just showed the biggest month-over-month gain since 2000, and they've been rising steadily for more than a year. Investors, individuals, builders and others are realizing that the bargains around now won't last forever," said Dixon.

Dixon said improving demand may also entice more sellers to offer more real estate at auction. "We've been doing a lot of sales of bank-owned properties, but there are many other property owners who are seeing the results of our auctions and considering the method themselves. This includes everyone from individual owners of homes and condominiums to institutional property investment firms," said Dixon.

Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763.

John Dixon, headquartered in Atlanta with offices in Tallahassee, Fla., and Chattanooga, Tenn., is a leading auctioneer of real estate owned by banks, individuals and investors throughout the United States.

Posted: 5/31/2013
Strength in home prices is impressive, but there are still great values out there
By John Dixon
Here's the top-line news: U.S. home prices gained 10.2 percent during the year that ended in the first quarter of 2013. That number, as measured by the widely followed S&P/Case-Shiller index, is good news for a lot of folks -- especially homeowners, banks, investors and real estate professionals.

A lot of factors are contributing to the stronger home prices. Mortgage rates remain near record lows. The National Association of Realtors reports that the number of previously owned homes on the market is the lowest it's been since March 2000.

One thing that jumped out at me was the comment by Robert Shiller, co-founder of the index. Shiller argues that prices are already at what he considers "normal" levels adjusted for inflation. (It's worth noting that Shiller feels that the downturn in recent years just took prices to where they would have been without the real estate "bubble" that preceded the crash.)

Still, it's impressive to see the persistence of the home price increases. The March numbers mark 12 straight months of solid increases. And while there's a lot of variation (with properties rising 2.6 percent in New York and 22.5 percent in Phoenix), all 20 cities scored gains for the first quarter. Our headquarters city of Atlanta was particularly strong, at 19.1 percent, and we were able to clearly see the improvements in our Georgia auctions.

Is it too good to last? It's hard to say. Certainly, we aren't yet approaching the price levels we saw in 2005. And that means there are still a lot of homeowners who are under water.

Obviously, home prices can't continue to rise 20 percent a year for long without creating troubles down the road. But I think the direction is obvious. It's just a matter of how fast prices move up. For now, I think we're at a good "buy-in" point for investors, with lots of room for growth.

And it's worth noting that prices on commercial properties, subdivision lots and many other types of properties remain very low. Investors who buy at these levels will no doubt enjoy better returns than those who wait and buy at higher prices later. Rising demand for homes is beginning to spark a healthy rise in new construction. Investors who've been loading up on home sites at recent John Dixon auctions can expect some handsome profits as construction moves into full swing.
Posted: 4/16/2013
Bidders snap up 40 properties in Gainesville-area auction
By John Dixon
Great sale today (Tuesday, April 16) in Braselton. Looking forward to another Thursday! -- John
 
Bidders snap up 40 properties in Gainesville-area auction 
 
BRASELTON, Ga. (April 16, 2013) -- Houses, home sites, residential lots and commercial properties were among 40 properties sold at auction for just over $4 million Tuesday as John Dixon & Associates auctioned the bank-owned properties.

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.

Posted: 4/9/2013
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.

 

Posted: 3/21/2013
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.

Posted: 3/20/2013
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.

Posted: 2/25/2013
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!

 
Major series of Georgia auctions to feature 250 bank-owned properties

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.

Posted: 12/13/2012
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.

Posted: 11/28/2012
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.

 

Posted: 11/21/2012
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.

 

Posted: 10/12/2012
Three-day series of North Georgia auctions starts Oct. 16
By John Dixon
We're expecting a great outcome starting Tuesday, Oct. 16, as we begin a major three-day event in Gainesville, with an unusually large and varied selection of properties. As a reminder, here's the press release we issued on the event. Look forward to seeing you there! -- John Dixon
 

Offices, commercial land, restaurants, homes among properties to sell in three-day auction of bank-owned Georgia properties

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."
Posted: 8/20/2012
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.

 That’s because, as I’ve pointed out an number of times in this blog, the real fortunes are made by buying when properties are undervalued. And right now, home prices in Atlanta are lagging those in other cities covered by the respected index. The latest numbers show that Atlanta posted a negative return of -14.5% versus May 2011. And that came in a month in which 17 of the 20 cities posted increases in annual returns.

The ideal environment for any investment is one in which assets are underpriced relative to their true value. Sooner or later, other buyers will identify the values and start buying, resulting in significant profits for the investors who got in early. Investors especially like it when they identify a pocket of value once the overall market has begun to turn.

Atlanta is in precisely that position right now. Take a look at the chart, which shows the rate of change vs. 12 months earlier for Atlanta and the composite. Note that both Atlanta and the 20 cities are already in a well established upward trend, beginning around January. Prices in both are clearly improving, but Atlanta just started "deeper in the hole."

As an investor, that to me screams "value!"

 
Posted: 8/15/2012
Farmland!!
By John Dixon
The single hottest category of real estate is farmland, and I'm excited to have a major auction coming up in the heart of Georgia -- Dooly and Macon counties. During the last two or three years, farmland prices in the Midwest have been rising at an annual clip of 20 percent or more, providing excellent returns to farmers and investors alike.
 
And while the Midwest gets all the press attention when it comes to farming, agriculture is a major industry as well, and investors are beginning to look beyond the Corn Belt for good land values. 
 
I expect they'll like what they see with the 1,874 acres we're selling in Dooly and Macon counties. You can learn more about it here and by reading the press release below.

Major Georgia farmland auction set for Aug. 30

MARIETTA, Ga. (Aug. 14, 2012) -- Approximately 1,874 acres of farmland in Georgia's Macon and Dooly counties will sell at auction Thursday, Aug. 30, with John Dixon & Associates managing the sale.
"Farmland has been the hottest category real estate nationwide for the last two or three years, and it's very rare to see this much Georgia farmland selling in an auction, so this is a rare opportunity for farmers or investors," said John Dixon, president of the auction company.

The land will sell in 19 tracts, ranging in size from 8.5 to 831 acres. The Dooly County land includes 1,098 acres, of which the Farm Service Agency (FSA) designates 833 acres as cropland with 988 base acres. The Macon County land includes a total of 776 acres, with 443 designated by FSA as cropland with 500 base acres.  Most of the land has been used previously to grow peanuts and cotton.

"Dooly and Macon have some of the best farmland in Georgia, and the vast majority of this land is tillable and suitable for cotton, peanuts, soybeans, wheat, vegetables and other crops," said Dixon.   "There's really been a shortage of farmland on the market nationwide, so I expect this land will attract considerable attention from neighboring farmers and investors."

Dixon said he expects the land to appeal to investors seeking to accumulate and lease farmland without paying the high prices currently seen in the Midwest. "Southern farmland is far less expensive and is an excellent value. Investors who are hesitant to pay $10,000-plus per acre will find that there are excellent returns and appreciation potential to be had here in Georgia," he said.

The auction will also include farm equipment, including a tractor, combines and other farming machinery, with Midway Machinery & Auction LLC managing the equipment sale.

The auction will be held on the Dooly County property, beginning at 10 a.m. Individuals seeking additional information or directions to the property may visit www.johndixon.com or call 770-425-1141.



Posted: 8/1/2012
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 

ATLANTA, GA (Aug. 1, 2012) --  Last week's auction of approximately 40 properties signals an upturn in the real estate market, with a strong group of live and online bidders competing vigorously in an event that brought a total of more than $4 million.

"Things are definitely improving based on the number of bidders seeking to build up their portfolios in anticipation of a strengthening economy," said John Dixon, president of Atlanta-based John Dixon & Associates, which conducted the auction for a major regional bank.

Most of the properties were located in the southern metro Atlanta area, including Fayetteville, Palmetto, Stockbridge and the Peachtree City area.

"It was standing room only, with about 80 bidders in the room and another 70 participating online," said Dixon. "Demand was strong across the board, whether on a restaurant, office buildings, retail or residential home sites. Best of all, we put a lot of properties in the hands of individuals who will be positioned for the better times ahead," said Dixon.

Posted: 7/2/2012
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.

 

Posted: 6/21/2012
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.
Posted: 6/7/2012
Foreclosure-related sales were 26% of total in 1Q
By John Dixon
RealtyTrac reports that homes in some stage of foreclosure accounted for 26% of all residential home sales during the first quarter of 2012. The report -- issued Tuesday, June 5 -- included properties that were either in default, scheduled for auction or bank-owned. 

And while there are a lot of signs that the real estate market is improving, those numbers were actually up from 22% during the fourth quarter of 2012 and 25% a year earlier. It is worth noting that the April foreclosure statistics were much improved -- the lowest since July 2007. But we’ll have to wait and see if that’s a blip or part of an improving trend.

Short sales are especially vigorous right now, as banks seek to avoid the cost of foreclosure. Pre-foreclosure sales (many of which are short sales) hit a three-year high in the first quarter. RealtyTrac reported nearly 110,000 short sales in the quarter, comprising 12 percent of all homes sold.

RealtyTrac’s Daren Blomquist, in an interview with Bloomberg, predicted that pre-foreclosure sales will soon outnumber bank-owned sales. Banks, which once avoided short sales like the plague, are now encouraging them as they seek to avoid the costs and long holding times resulting from foreclosure. Bank of America, for example, recently said it will offer payments of $2,500 to $30,000 to sellers if they’ll sell their home in a short sale. 

Meanwhile, there are signs of improvement. The Mortgage Bankers Association said this week that the percentage of loans that are delinquent or already in the foreclosure process during the first quarter was 11.33%, the lowest level since 2008. And there are fewer borrowers who are just starting to get into trouble (e.g., those who’ve missed only one payment). 
Posted: 5/30/2012
Georgia real estate sells for $2.125 million in John Dixon auction
By John Dixon
ATLANTA (May 30, 2012) -- Approximately 300 properties -- most of them foreclosed real estate owned by lenders -- sold in a two-day auction May 23-24 in Atlanta, with John Dixon & Associates conducting the sale.

By the end of the second day, the total reached $2.125 million. “We exceeded our expectations, and our sellers were pleased,” said John Dixon, president of the company. The auction included properties owned by several banks, as well as some owned by investors.

The auction attracted strong crowds of bidders both days, with active bidding on properties, most of which were located in metro Atlanta and North Georgia. Almost half of the properties went to online bidders who listened to the live auction and entered their bids via the Internet, according to Dixon.

“The market for commercial and residential properties continues to strengthen, and we’re consistently getting solid results for our sellers. This sale included office buildings, commercial and residential land, lots, homes and other properties. Investors are figuring out that the market is turning, and they’re building up their portfolios while they can still do so at prices that are a fraction of what they were a few years ago,” said Dixon.

Online bidding was especially strong, said Dixon. “The amount of real estate selling to online bidders varies from one sale to the next, but it was considerable in this case because we had a lot of bidders from North Georgia who chose to bid online rather than drive to Atlanta,” he said.

Individuals seeking additional information on the properties may visit johndixon.com or call 800-479-1763.
Posted: 5/21/2012
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.

Posted: 5/10/2012
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.

 

Posted: 5/9/2012
More evidence of a strengthening real estate market
By John Dixon
I've been saying for quite a while that the real estate market seems to be growing in strength. We've been seeing an increase in the number of bidders coming to our sales -- and in the aggressiveness of their bidding. That's translating into positive results for our sellers, most of whom are lenders.
 
The Wall Street Journal even ran an encouraging story recently about some anecdotal cases in which homeowners are actually getting multiple offers on their homes. Even some of the statistics are improving -- especially the backlog of homes for sale, which has dropped to 6.3 months, according to the Journal -- down from more than 11 months at the peak.
 
That may not be quite as good as it looks, unfortunately, because not all of the homes are selling. The Journal noted that some sellers are simply taking their homes off the market, hoping for higher prices down the road. And the foreclosure picture is still ugly, with lenders owning 450,000 foreclosed mortgages as of the end of March, and another couple million in some phase of foreclosure. Finally, while interest rates are at record lows, banks still don't have a lot of money to lend. 
 
In short, it's not time to break out the bubbly just yet.  
 
Still, a ray of light is a ray of light.  
 
 
 
 
Posted: 5/4/2012
Another big auction of commercial, residential properties set for May 23-24
By John Dixon
One of the best parts of my job is the satisfaction I get from taking properties that are sitting vacant and getting them into the hands of people who can use them. And these days, many of those are investors and  entrepreneurs who can turn these properties into income opportunities.
 
Meanwhile, we're helping our sellers get these properties off their books. In short, everybody wins.
 
It'd be nice if we hadn't gone through the real estate and credit crisis that resulted in lenders owning so much real estate, but we have to deal with the reality in front of us. And the positive side of that reality is that things are coming back to life. Empty restaurants, office buildings and other businesses are getting new occupants. Jobs and income streams are being created. Builders, developers and other investors are stocking up on lots at a fraction of their former value, and this will translate into profitable ventures down the road. 
 
Here's a press release we issued today about a major sale coming up right here in Georgia. We have about 300 properties, which we'll sell in about 100 groups. Most are in metro Atlanta or areas north of there, with a few in North Carolina and Alabama.  We have a number of different sellers combining into one major sale, so it should be a good one.
 
Commercial and residential properties to sell in May 23-24 auction
 
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.

John Dixon & Associates, headquartered in Marietta, Ga., is a leading auctioneer specializing in the sale of bank-owned properties throughout the U 
Posted: 4/17/2012
Mixed signals aren't necessarily a bad thing
By John Dixon
Sometimes I think we'd all get a clearer picture of what's happening in the economy -- and the real estate market -- if we refused to read the financial news more than once a week.

Actually, once a month would be better still, but I doubt any of us could handle that. 

The problem with staying "on top of things" is that we see all the ripples and lose track of the waves that really matter. 

Today's headline, for example, is that housing starts are down in March -- 5.8 percent below February, as if that means anything. (Compared to March of 2011, housing starts were up 10.3 percent.) 

The numbers -- reported by the Census Bureau -- serve a very important purpose, of course: They give financial reporters something to write about. That keeps the news sites humming, but it doesn't necessarily give us much perspective. Other bits tell us that mortgage rates are back down to record lows. That sounds good, until you remember that a low rate is useless if nobody has the money to lend, and money continues to be tight.
 
Another ripple: Rents are going up while home prices remain stuck in the mud. This passes for bad news, and it is for people who can't get a mortgage. But it's a plus for the real estate investor, because it indicates he can add homes to his portfolio at a lower price but rent out at higher rates for more income.
 
As always, the devil is in the details, but the clarity is often in the lack of them. 
 
 
Posted: 4/16/2012
Last week's buyers will earn excellent returns
By John Dixon
Here's the press release about our April 12 auction of properties along the Emerald Coast on the Florida panhandle. It was a great auction -- not only because our team did an excellent job promoting and managing it, but because we once again saw the growing sense of optimism among real estate investors who realize that this is the time to build their portfolios for the next "up" cycle in the economy.
 
Nobody can time the real estate market with any precision. The best we can do is invest when prices are low. That protects us on the downside while enabling us to achieve a higher return on our money. The investors -- and there were were a lot of them! -- who were bidding at our auction last week are going to earn some excellent returns down the road.
 
*** 
 John Dixon & Associates auction of bank-owned property draws strong crowds in Tallahassee 
 
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.
 

Posted: 4/5/2012
Florida Panhandle condos, commercial properties, home sites
By John Dixon
With several excellent auctions already under our belt for 2012, we’re busy marketing a really attractive group of properties April 12. Most are along Florida’s Emerald Coast from Panama City to Carabelle.

This will be a shared-loss sale for Arkansas-based Centennial Bank, which has agreed to sell all of the properties at auction. Everything is selling absolute, with no minimum or reserve, beginning at 1 p.m. at the Hotel Duvall in Tallahassee.

Among these properties are a couple of condominiums that are part of the Preserve at Bay’s Edge in Apalachicola. Both are very nice, 1,354-square-foot, two-bedroom units that were built in 2006 but have never actually been occupied.

We’ll be selling a 19,621-square-foot commercial building/warehouse in East Point as well as three acres of commercial land in Wewahitchka.

Builders and developers who are looking ahead will take an interest in the home sites, some of which are either on or within view of the water. We also will be selling subdivision lots in groupings of up to 27 residential lots.
Posted: 4/3/2012
4,800 properties sold by John Dixon in 2011
By John Dixon
When we got the numbers added up for 2011 -- our biggest year ever -- I was pretty proud of the results -- more than 4,800 properties, including 363 improved residential properties, 323 commercial/industrial properties, 159 acreage tracts, and 3,993 unimproved residential properties (mainly home sites and land).

But the number I’m proudest of is 95. That’s the percentage of properties we got sold. Another good one is 80 -- the percent of our sales that were conducted for repeat customers. Those two numbers tend to go together: When you get the job done for clients, they keep coming back.
Posted: 4/1/2012
Welcome to the Blog
By John Dixon
While John Dixon & Associates is best known as an auction company, we actually play a critical role as advisers to bankers, investors and others who buy and sell at our auctions. That’s because our work throughout the United States gives us a unique perspective on market conditions -- not only in general, but on specific property types, and in different regions.

Our work takes us into the nation’s biggest cities and smallest towns. Our commercial properties range from major office buildings in prime locations to small lots and long-shuttered businesses. Similarly, on the residential front, we get a feel for every type of property and location, from suburban homes to luxury condominiums to urban investment houses to lots.

All of these can be sold successfully if you understand the bigger picture, including the marketplace dynamics, the economy, the sources of demand, and the motivations of buyers.

I’ll be using this blog as a place to have conversations about all of those and more. Sometimes I’ll talk about what’s happening at John Dixon & Associates. Other times I’ll reflect on the current environment, my thoughts on how to do business and other matters.
Recent Posts
Categories
Archives
Tools

Request Information

800-479-1763

If you have any questions please let us know. We look forward to hearing from you!