PREMIER AUCTIONS : News
 

J.P. King partners with USCondEx.com to demonstrate auction solutions to developers

 

J.P. King has announced an agreement with the US Condo Exchange under which the auction marketing firm will be featured in animated advertisements on the Condo Exchange’s web site at www.USCondEx.com .

J.P. King and the Condo Exchange will work together to help demonstrate to developers how a J.P. King Auction can reduce inventories, which are currently at all-time highs.

“Hundreds of condominium owners are currently saddled with large of inventories that they thought would have been sold long ago,” said Craig King, president of J.P. King. The US Condo Exchange currently has more than 80,000 condos located in the United States and in 37 countries around the world. This provides us an opportunity to reach many of these developers,” said King.

Numerous options exist for condominium developers who need to reduce their inventory. Two common types of auctions include “Grand Opening Auctions” and “Closeout Auctions,” said King.

“Most developers know that the hardest units to sell are the very first ones and the very last ones. When a development is brand new, you often have a situation where people wait around for someone else to jump in first. A Grand Opening can establish the momentum that ensures a successful project. Toward the end of the sales period, developers often find that expense of continuing their marketing efforts for just a few units can cause their profits to erode. For those, a Closeout Auction can be a good choice,” said King.

In between, an Inventory Reduction auction may help a developer solidify the investment by selling a large number of units and reducing the inventory and debt to manageable levels.

Recent Headlines

J.P. King Auction Company Continues Florida Success with Steinhatchee Resort Auction
Scott King awarded ATS designation from National Auctioneers Association
All Sold! J.P. King Auction Company Sells TVA Kingston Waterfront Properties
J.P. King Auction Company Sells Heath Shuler’s Mountain Estate for $1.54 Million
Magdalena Palace model Devault Manor to Auction J.P. King Auction Company to Auction Unique Johnson City, TN Estate
Health Shuler’s Mountain Estate to Auction
TVA Retains J.P. King Auction Company to Sell Kingston Waterfront Properties
J. P. King sells another luxury waterfront home and continues its total sellout in the Carolinas in recent months.
J.P. King Auction Company Auctions Scenic Calabria Ranch Estate Homes for $3.11 Million
J.P. King Auction Company Takes Calabria Ranch Estate Homes to Auction
J.P. King Auction Company Announces Historic Tapoco Lodge and Two Waterfront North Carolina Properties Auction for more than $4 Million
J.P. King Auction Company to Auction Historic Tapoco Lodge in North Carolina
Mountain Masterpiece Estate Auctions for $1.072 Million
J. P. King Auction Company Sells Peters Township Home for $3.44 Million
Prime Location 390 Acre Development Land with Montgomery Motorsports Park to Sell at Absolute Auction

    Sitemap

 
Copyright © 2016 J. P. King Auction Company, Inc
Auction Information Center 800.558.5464 • Corporate Office 800.662.5464 • Fax 256.543.8036
Privacy Policy