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NEWS
News Event:
SOLD! REAL ESTATE AUCTION YIELDS TOP DOLLAR!
(Former Countrywood Manufactured Home Community – 66± Acres, 124
Lots)
(Has standing approval for single family subdivision – 79 Lots)
TUSCALOOSA,
ALABAMA
– On Thursday, May 21, 2009, Redmont Auction and Land Co., Inc.
completed yet another successful auction with the sale of the former
Countrywood Manufactured Home Community in Duncanville, just south
of Tuscaloosa. This particular project was especially challenging
for Redmont in that the property has been vacant and inoperable for
over 3 years and in a definite stage of neglect. Whitney Oswalt,
agent and apprentice auctioneer for Redmont, commented, “Our client
had previously marketed this property locally through a listing
broker for over 3 years receiving no credible offers. We developed
a marketing plan that targeted potentially interested parties
throughout the US who own, operate, or invest in manufactured home
communities. Our marketing plan proved to be very effective in that
we received interest from as far away as California, Massachusetts,
New Jersey, and South Florida. Ultimately, our winning bidder was
from Atlanta. As a matter of fact, the agent of the Buyer was from
South Carolina and was unaware of our auction until the morning of.
He stayed overnight in a local hotel and while having breakfast the
morning of the auction overheard other individuals discussing the
auction. This conversation piqued his interest and he went to the
front desk of the hotel to ask for a newspaper and found our
advertisement in the newspaper. He called our office for more
information and directions to the sale, came to the auction, and
wound up being the winning bidder.”
Eddie Propst,
Auctioneer/Broker of Redmont, stated, “Some people may say we were
lucky in finding our buyer in this manner but I would argue that is
precisely the type of results that a properly executed auction
marketing strategy can deliver – much conversation and awareness of
the pending sale of real estate creates an urgency among buyers at a
given point in time. We had an effective marketing strategy for
this auction - We have had too many similar stories over the years
associated with our sales to assume it is just chance. We, at
Redmont, believe this is the result when planning and preparation
meets with opportunity. I can state we achieved an excellent price
for this property in these extraordinary times. Whitney did an
excellent job of identifying this opportunity and developing a
strategy that ultimately led to this successful sale for the
Client.”
For over 20
years, Redmont Auction & Land Co., Inc. has successfully sold
residential, commercial, forest/farm land, and personal property
estates throughout the Southeast in states such as Alabama, Florida,
Mississippi, and Tennessee. Historically, Redmont’s marketing
strategies have resulted in over 97% of its auctions resulting in
sold transactions. Redmont excels in marketing your property in any
manner possible whether it be through traditional media outlets or
the internet. Should you have interest in discussing our services
and your opportunities or needs, please don’t hesitate contact us at
the information provided below. We would greatly appreciate the
opportunity to assist you in any manner possible.
REDMONT AUCTION & LAND CO., INC.
300 Vestavia Parkway, Suite 2300
Birmingham, AL 35216
(205) 822-4229 ∙ (888) 285-8408
www.redmontauction.com
Eddie Propst, Auctioneer, (205) 822-4229 – AL #1161
Glenda Propst, Apprentice Auctioneer, (205) 822-4229 – AP #2421
Rusty Jones, Auctioneer, (205) 822-4229 – AL #5087
Whitney Oswalt, Apprentice Auctioneer, (205) 999-3937 – AA #2824
Disclaimer:
Redmont Auction & Land Co., Inc. is a selling agent only,
representing the Seller. All property is sold AS-IS. Information
provided is deemed to be reliable; however, Purchaser and/or
Purchaser’s Agent/Broker shall bear the responsibility to confirm
all calculations and/or information prior to the Auction.
Properties (chattel or real) maybe added or withdrawn at the
Seller’s discretion. Seller, or the Selling Agents, may deny
admittance to the auction any person if they disrupt or attempt to
disrupt the sale. Announcements made prior to the auction supersede
all printed material.
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National Auctioneers Association
Press Release
Auctioneers Report Zero Growth in 2008
Heavy Machinery and Real Estate Auctions Witness Growth
For Immediate Release
Contact: Chris Longly
Director of Public Affairs
(913) 541-8084 ext. 31
clongly@auctioneers.org
Overland Park, Kan., February 20, 2009
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The National Auctioneers Association (NAA), the nation's
leading association of auction professionals, reported today
the results of its 2008 industry survey. In 2008,
approximately $268.4 billion in goods and services were sold
at live auction in the United States, a decrease of slightly
less than 1% compared to 2007.
Growth in 2008 was limited to five sectors of the industry:
agricultural machinery and equipment, commercial and
industrial machinery and equipment, land and agricultural real
estate, residential real estate, and charity auctions.
Significant decreases in gross revenue were reported in art,
antiques and collectibles (-9.3%), automobile (-5.4%), and
personal property (-5.1%) auctions.
"The results of the industry survey are consistent with what
we are continually hearing from auctioneers across the
country. While some sectors of the industry have
been impacted by the economy, others have grown or held
strong," said NAA President Randy Wells. "Consumers continue
to attend auctions to find treasures and sellers continue to
utilize professional auctioneers to help turn their assets
into cash."
Agricultural machinery and equipment auctions led the
industry with gross sales revenue increasing 1.9% in
2008. The commercial and industrial machinery and equipment
sector also witnessed growth last year. In addition to
increased interest in auctions, growth in this sector can be
associated with consumers choosing to purchase used equipment
at auction, in place of buying new.
Since the NAA began tracking the industry in 2003, gross
receipts from real estate auctions have increased each year.
Last year, residential real estate auctions increased 1.1%,
along with land and agricultural real estate, which grew
0.5%. Commercial real estate dipped 1.4% last year. Real
Estate Owned (REO) properties were also a major contributor to
the industry's growth in 2008. Banks frequently contract
professional auctioneers to sell foreclosed properties at
auction, as well as refer auctioneers to customers with
troubled assets and use them to sell their own foreclosed
properties.
# # #
About the NAA
 Headquartered
in Overland Park, Kansas, the National Auctioneers Association
(NAA) represents the interests of approximately 5,000
auctioneers in the United States, Canada and across the world.
Founded in 1949, the mission of the NAA is to promote the
auction method of marketing and enhance the professionalism of
its members through education and technology. To learn more
about auctions, find an auction or auctioneer, visit
www.auctioneers.org.
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