PREMIER AUCTIONS : News
 

Web site shows how a J. P. King auction can get properties sold even in a slowing market

The slowing real estate market has left many builders and developers with a backlog of units, but there’s still a strong market if you know where to look for buyers.

 

That’s what J. P. King’s new web section at www.jpking.com/condos is all about. It shows how you can cast a wider net, call more attention to your condominium development and get your units sold in just six to eight weeks.

 

“A lot of the units on the market today were conceived a couple of years ago when we had a speculative market in which buyers were snapping up units before construction ever began. Now that the marketplace is returning to normal, developers are sitting on units that were built based on assumptions of a very different kind of market,” said Craig King, president of J. P. King.

 

Widely followed real estate analyst Lew Goodkin of Miami, who predicted the exit of speculators and “flippers” from the condominium marketplace, told the Miami Herald recently that he’s exploring the possibility of buying units to resell them at auction.

 

“I am working with a group whose idea is to buy that stuff and put it up for auction. Auction the units to individual purchasers. Auctions create a much greater sense of urgency,” Goodkin told the newspaper.

 

An even better idea is for developers themselves to take advantage of the greater reach and sense of urgency resulting from a J. P. King Auction.

 

“We’ve sold thousands of condominiums, and www.jpking.com/condos explains many of the ways a J. P. King Auction can work to the developer’s advantage,” said King.

 

Individuals who are interested in exploring the benefits of an auction are also invited to call J. P. King at 800.662.5464 or email us at inquiry@jpking.com


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