Online auctions restore liquidity to the marketplace by bringing buyers and sellers together in a fair and transparent online auction
Newport Beach, CA (Vocus) November 11, 2010
Despite signs of improvement, today’s commercial real estate market remains impeded by an unprecedented inventory surplus and an unmotivated buying public, forcing brokers and sellers nationwide to seek out alternative marketing solutions. Boasting a long list of auction properties from across the country, the LFC Group of Companies has emerged as the industry leaders in online real estate auction marketing, helping brokers and their clients find common ground with buyers and bridge the bid-ask gap that has stymied the market.
“Online auctions restore liquidity to the marketplace by bringing buyers and sellers together in a fair and transparent online auction,” said LFC’s Director of Sales Shawn Miller. “It’s a proven solution that grabs market attention and motivates buyers to take action.”
LFC, which has been solely conducting online auctions since 2004, is proud to offer a wide variety of bank-owned commercial properties and land in towns and cities across the country, including:
- A ±40 acre residential land parcel in northern Sacramento, California, part of a large master-planned development.
- ±960 acres of vacant land mapped for 676 residential units within the proposed Mortensen Ranch master-planned development in west Reno, Nevada.
- Two separate land parcels near downtown Clovis, a suburb of Fresno, one totaling ±8 acres, the other comprised of ±18 acres.
- Three adjacent vacant residential land parcels, ranging in size from ±18 acres to ±20 acres, near downtown Yucca Valley, in San Bernardino County.
- Five Wisconsin properties, ranging from office condominiums in Pewaukee to multi-family development land in Trenton.
- Three Florida properties, including a ±5,500 SF office building in Orland and a 117-unit self-storage facility in Osteen.
- A ±3 acre property in Williamstown, West Virginia consisting of two warehouses and a freestanding office building
Over the years, LFC has successfully auction marketed commercial properties for such major companies as Coca-Cola Enterprises, St. Joe Company and Adelphia Communications Corporation and worked with a variety of financial institutions, both large and small, to help clear their books of challenging REO properties.
In addition, commercial brokers nationwide have jumped at the opportunity to run their own online auctions on LFC.com while keeping 100 percent of their commission through the company’s groundbreaking Never Lose a Listing program. Brokers are currently running auctions for a range of properties, such as:
- A Town and Country Inn in Chattanooga, Tennessee
- A two-story former union hall in Commerce, California
- An attractive office building in downtown Red Bluff, California
- ±157 acres of residential land in Aguanga, California near Temecula
- A variety of properties in Augusta and Hephzibah, Georgia, including a strip mall and commercial development land.
As with all of LFC’s campaigns, these auctions will be held entirely online, bringing an unprecedented level of buyer convenience by removing the need to spend an afternoon in a crowded ballroom or convention center. Interested buyers can view property photos, download documents, conduct due diligence and even submit bids from their home or office. To view more information on all of LFC’s auction properties, visit http://www.LFC.com/AMPR3.
LFC Group of Companies
For more than 30 years, the LFC Group of Companies has successfully auction marketed thousands of commercial, industrial, land and residential properties, with sales in excess of $5 billion, and has been solely conducting online real estate auctions for over six years. With a history of success serving numerous Fortune 500 companies, real estate developers, investors, financial institutions, government agencies and commercial brokerages, the company offers the complete suite of real estate disposition strategies with auction marketing programs for a range of assets, from mortgage notes to real property.