Condo.com to Host First Online Auction
Condo.com and Strategic Partners will Leverage the Power of the Internet and Host an Online Closeout Auction for 40 Atlanta Condos
Atlanta, GA, May 5, 2009 – Condo.com, the world’s largest condominium marketplace, announced today that it has partnered with Elad National Properties, Cornerstone Marketing and Auction Management Solutions to auction 40 condominium units at The Enclave at Briarcliff in Atlanta Georgia. The auction will be held on May 16th, 2009 and live bids can be placed online or in person with reserves marked 30 percent below the previous asking price.
“We are very excited to be able to offer this amazing opportunity to buyers from around the world” said Richard Swerdlow, CEO of Condo.com. “We are committed to making the best deals available to everyone who visits Condo.com. Allowing users to bid on these condo units from the comfort of their home, in real-time online, insures that buyers located anywhere with an Internet connection can take advantage of this event.”
The condos are located in the Emory / Briarcliff area of Atlanta and are ready for immediate occupancy. All units feature luxury amenities including a state-of-the-art fitness center, tennis courts, a private movie theatre, a resort style swimming pool and gated access. The Enclave at Briarcliff is an FHA approved building and FHA financing is available with only a 3.5 percent down payment.
This 270 unit project is one of Atlanta’s premier addresses and this event will allow 40 buyers the opportunity to own the last remaining units at a great deal. “As a long time partner with Condo.com, I am sure that this upcoming cooperation will be beneficial to both companies” said Rami Rosen, Vice President of Marketing and Sales at Elad National Properties. “I am confident that the long term relationship between us and the new auction partnership will be a stepping stone for the auction market. This is Elad's 2nd auction and we are hoping to duplicate the success we had in Rockville MD.”
Interested buyers can easily register to participate in the auction bidding at Condo.com/auctions and get approved for bidding prior to May 13th. The auction will be streamed live online and bids can be submitted in real time from the bidder’s home computer. “We are excited to be working with Condo.com, the pioneer and developer of the World's Largest Condo Marketplace” said Nancy Rabenold, President and CEO of Auction Management Solutions, Inc. “By combining Condo.com's world-class online marketplace with AMS' robust and reliable auction system, buyers and sellers of condos, lofts, and town houses will be afforded a transactional platform that is rich with valuable information and reliability.”
The event is one of the first condo auction events to allow interested bidders to actively compete for properties online and in person. Traditionally bidders have to be present or have an agent at the event in order to place a bid on an auction property.
For more information on the Enclave at Briarcliff condo auction please visit www.condo.com/auctions
About Condo.com
Condo.com is the world's largest condominium marketplace with over 800,000 listings valued in excess of $200 billion. The site receives over 1 million visitors monthly and is dedicated to the evolution and prosperity of the condominium real estate market. Condo.com improves and simplifies the way people buy, rent, sell, manage, market and enjoy the condo lifestyle. Condo.com lists condominiums for sale and for rent in the United States and 70+ countries around the world. The Company cost-effectively delivers exposure and qualified leads to developers, brokers and owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month. Condo.com is privately held and headquartered in Miami, Florida. For more information visit www.condo.com.
Contact:Adam Kujacznski
Condo.com
305.476.2075
adam@condo.com
back to Press Releases