Bidders pay more than $7 million for real estate in three-state series of auctions - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Bidders pay more than $7 million for real estate in three-state series of auctions

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SOURCE John Dixon & Associates

ATLANTA, Feb. 21, 2014 /PRNewswire/ -- Scores of bidders crowded into John Dixon & Associates auctions in Orlando, Atlanta and Birmingham this week, spending $7.4 million over three days for bank-owned properties.

"We helped the banks get a lot of property off their books and convert it into cash, and we put a lot of good properties – from office buildings to day care centers to land – into the hands of people who can use it to create opportunities for themselves and others," said John Dixon, president of the auction company. "This was our first big group of auctions for 2014, and it was great to see the response. Real estate investors are continuing to accumulate good properties, and the prices are getting stronger," said Dixon.

More than 100 registered bidders who attended the auctions live were joined by even more online bidders who entered their bids via the Internet while watching and listening to live feeds of the action. "Online buyers have become a vital part of our auctions, and they actually purchased about 60 percent of the property we sold this week," said Dixon.

Properties sold included restaurants, retail properties, homes, golf courses and subdivision lots.

The company is currently making plans for upcoming sales. Individuals and institutions interested in selling assets may visit www.johndixon.com or call 800-479-1763.

John Dixon & Associates, based in Atlanta with offices in Tennessee, Florida and North Carolina, is one of the nation's largest auctioneers of institutional real estate properties nationwide.

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

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