John Dixon & Associates | Auctions | May 23-24 auction of properties

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Posted: 5/4/20120 Entries

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