ATLANTA, Georgia (August 25, 2015) – With the challenge of selling residential and commercial properties scattered around the United States, John Dixon & Associates used two live auctions plus live online bidding to sell more than $2 million worth of properties for a private equity firm.
Live auctions were held in Tampa (August 18) and Chicago (August 20), but much of the action was occurring on the Internet as bidders watched the streaming of the broadcast and entered bids on real estate in Florida, Illinois, New York, California and other states.
“These auctions gave us an opportunity to demonstrate what most already knew — that live auctions with the ability to also bid online from anywhere are a powerful way to sell real estate,” said John Dixon, president of the auction company. “We had a concentration of assets in Florida and the Midwest, so we chose Tampa and Chicago for the live auctions. But the online bidding brought us bidders who never would have attended the live event,” he said.
Properties sold included homes, condominium units, commercial buildings, retail space and other assets.
Dixon said he expects more private equity funds to turn to auctions to sell properties as the funds approach the end of their planned life. “Many hedge funds are set up to operate for a specific amount of time, and a number are approaching that maturity point,” he said. “We are also lining up our upcoming Multi-Seller auctions, which enable property owners anywhere in the country to get their property sold in a John Dixon auction,” said Dixon.
Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763.
John Dixon & Associates, based in Atlanta with offices in Tennessee, Florida, North Carolina and South Carolina, is one of the nation’s largest auctioneers of real estate properties, including land, homes, developments, condominiums, farms and other properties owned by individuals, investors, banks and other institutions.