Two-day auction results in sale of $2.1 million in real estate

ATLANTA, Sept. 22, 2014 /PRNewswire/ -- John Dixon & Associates sold more than $2.1 million worth of real estate last week in a two-day auction of properties in Georgia, Florida, North Carolina and South Carolina.

But John Dixon, president of the auction company, said the time for acquiring properties at a fraction of their former value is nearing an end.

"After the credit collapse, banks ended up owning millions of properties, and they've spent years getting them sold. They're finally reaching the end of those inventories, and smart real estate investors understand that there won't be a lot more chances to buy properties at prices that will ensure great returns in the years to come," said Dixon.

Last week's auctions attracted a total of 97 bidders over the two days and those who participated bid either live or online in real time.

"It's always interesting to see what kind of participation we'll get, though it's ultimately always about the properties and the opportunities they present for individuals, businesses and investors. In this case, we had more online bidders, but when it came to who prevailed it was the live crowd. About 87 percent of the successful bidders were live," said Dixon.

The company recently announced its next major auction, set for October 14, 2014, with more than 50 properties in Georgia, Alabama and North Carolina. Individuals seeking additional information may call 770-425-1141 or visit www.johndixon.com.

John Dixon & Associates, based in Atlanta, with offices in Tennessee, Florida and North Carolina, is one of the nation's best known auctioneers of real estate throughout the United States, selling land, homes, developments, condominiums, farms and other properties owned by individuals, investors, banks and other institutions.

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

SOURCE John Dixon & Associates

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