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Florida under the hammer - 8 January 2008

An agent has decided to kick off their ‘January sales’ by putting almost 60 properties in two key Florida locations up for auction on two separate occasions. And best of all, none of the properties will have a reserve price or a minimum starting level.

Agent The British Homes Group will be hosting the auctions in association with Stirling Sotheby’s International on 19th January and 26th January. The first auction will offer 27 three-bedroom properties at the Lely Landings development in Naples, on Florida’s west coast. One week later, the auction action moves to the Oceanwalk Condominiums on the south beach area of New Smyrna Beach on Florida’s Atlantic east coast. Here, 30 condos will be sold off to bidders, and range in size from 1,350 square feet to over 2,000 square feet.

On both projects properties are available individually, or as a single lot should you wish to snap up the whole development. The auctions are being held live at the properties themselves, but bidders from the UK are able to register their interest online and then bid either online, or through a freephone telephone number.

The opportunity for buyers to pick up a bargain is of course there, but the fact that the two developers have decided to sell their properties in this way could be seen by some as a sign that market confidence is low and the industry sees little market movement in the early part of this year.

The feeling that the market in the Sunshine state now is heavily weighed towards buyers is backed up by British Homes Group director, Lee Weaver. “Now is definitely the time to be buying a property in Florida. It’s been a long while since bargains like this have been available.”

For online registration for these auctions, please click here.

 

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