Auction of bank-owned properties attracts strong crowds

ATLANTA, May 17, 2013 /PRNewswire/ -- The two-day auction of offices, commercial buildings, homes, land and other properties attracted investors and other bidders by the dozen on Tuesday and Thursday, resulting in the sale of virtually all of the properties offered for just over $3 million.

John Dixon & Associates conducted the events in Atlanta on Tuesday and in Macon on Thursday. Included were properties in Georgia, Florida, Alabama, North Carolina and South Carolina. Events on both days drew strong fields of bidders, with approximately 75 on Tuesday and 50 on Thursday.

"Investors were making some smart moves, acquiring properties that will be sound investments in a real estate market that continues to gain momentum," said John Dixon, president of the auction company.  "Bidders are becoming more discriminating, showing a growing preference for higher quality. In the past few weeks, we've seen a definite shift of investor interest to the better properties. Real estate prices are beginning to go up, but there are still a lot of values . The investors who have been purchasing this real estate at today's prices will have a lot of opportunities for rental, resale, development or construction," he said.

The company will be selling approximately 55 bank-owned properties -- including condominiums, commercial buildings, waterfront land and other properties across the Florida Panhandle Tuesday, June 25. "We've been pleased with the response to our offerings in Florida, and we're excited about this group," said Dixon.

Individuals seeking additional information may contact the firm at 770-425-1141 or visit www.johndixon.com.

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

For more information:
Carl Carter, 205-823-3273

SOURCE John Dixon & Associates

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