Commercial Real Estate-Online Auctions Offer Low Minimum Bids

Commercial Real Estate-Online Auctions Offer Low Minimum Bids-Image via Wikipedia

If there is one thing for certain in today’s unpredictable real estate market, it is that there is no shortage of investment opportunities for buyers to consider. However, the unsteady marketplace makes it difficult to determine what price constitutes a real deal. As a result, savvy buyers have migrated to online auction websites such as LFC.com, where low minimum bids give them a chance to name their own price in a fair and transparent auction process.

“With so much volatility in the market, it takes a unique, alternative solution to help buyers and sellers find common ground,” said LFC’s Director of Sales Shawn Miller. “People come to LFC.com for several reasons: our diverse offering of properties and land, the assurance of dealing with a motivated seller, and the convenience of being able to easily conduct research and submit bids from their own computer.”

Sellers, says Miller, are drawn to LFC by the company’s proven history of success, which includes auction marketing campaigns for such major companies as Coca-Cola Enterprises, St. Joe Company and Adelphia Communications Corporation as well as a number of financial institutions, both large and small.

Currently, there are dozens of online auctions for properties located across the country on LFC.com, from residential development land in Reno, Nevada to a restaurant in Stoughton, Wisconsin, and even several resort condominiums in Big Sky, Montana. Other auction properties include:

  • Two contiguous ±12 acre parcels of vacant land in San Jose, California.
  • A ±35,900 SF warehouse/industrial facility with a gravel yard, open floor plan and two private offices on ±8.44 acres in Oklahoma City, Oklahoma.
  • A ±5,500 SF vacant office building in the College Park neighborhood of Orlando, Florida.
  • A ±3 acre property in Williamstown, West Virginia consisting of two warehouses and a freestanding office building.
  • Highlands Village, a proposed 79-lot residential subdivision in the popular northern California vacation destination of Clearlake.
  • A diverse bank-owned land portfolio consisting of five sites throughout Wisconsin, ranging from improved condominium land in West Bend to ±103 acres of vacant land in Trenton.

“This is always a busy time for us, as sellers are eager to close deals before the year ends, but we’re seeing more action now than ever,” said Miller. “Buyers follow the news; they know that, as the commercial real estate market begins to stabilize, these types of incredible deals will become fewer and farther between. This combination of highly motivated sellers and proactive buyers has produced a string of competitive auctions. It’s an exciting time for the online auction industry.”

All of LFC’s auctions are held entirely online, bringing an unparalleled level of convenience to buyers by removing the need to spend hours in a crowded ballroom or convention center with all the unwanted pressure and intimidation that comes with an outcry auction. Interested buyers can view property photos, download documents, conduct due diligence and even submit bids straight from their computer. To view more information on all of LFC’s auction properties, visit LFC.com/AMPR4.

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