Hudson & Marshall, one of the largest real estate auctioneers in the US, has 27 Charlotte, NC homes going under the hammer at 7pm on June 9th. The auction is taking place at the Doubletree Hotel at Charlotte airport. The firm will be holding another auction of Atlanta homes on June 11th at 1pm when 170 properties will be sold at the Atlanta Marriot Century Center. These are all properties which have been on the market for several months, and now the banks are anxious to sell them quickly.
All the homes are sold ‘as is’ and it's down to the buyers to arrange inspections on the properties before bidding, and the properties all come with an insurable title. The winning bidder needs to be able to make a cash or certified check deposit of $2,500 and the majority of sales are closed within 4 to 6 weeks. According to Dave Webb, Principal of Hudson & Marshall, there is a huge range of properties available. Some need renovating while others are ready to move into, with prices ranging from $7,500 to over $270,000.
The properties up for auction are available for viewings during an open house, scheduled for June 4th and June 5th, from 1pm to 3pm, or viewings can be arranged through the listing agents. Details of all the properties up for auction are available from Hudson & Marshall. Interested parties can also purchase a property online before the auction, and sellers usually respond within 24 hours, and although it is a reserve auction, the majority of sensible bids tend to be accepted.
Hudson & Marshall have sold over 80,000 homes in the past decade and expect to sell 15,000 homes this year alone. The company was established 45 years ago and is very well respected within the industry. Its streamlined approach allows sellers to minimize expenses and therefore maximize returns, while buyers value its smooth and efficient service.