EXIT REALTY NEXUS Announces Live Real Estate Auction

FOR IMMEDIATE RELEASE

Contact:
Karen Tobler
Office Manager
EXIT REALTY NEXUS
763-548-1400
ktobler@exitrealtynexus.com

EXIT REALTY NEXUS Announces Live Real Estate Auction

Over 50 Lots to be Auctioned

Minneapolis/St. Paul, MN (Grassroots Newswire) October 6, 2009 -- EXIT Realty Nexus and ROI Auctions announce a partial inventory reduction of over 50 properties going up for auction on October 24^th. Renee Johnson, Dennis Dorman and Mike Berglund, all REALTORS® with EXIT Realty Nexus, along with Mike Harris of ROI Auctions are the key facilitators of this event.

Held at the Northland Inn with registration starting at eleven o’clock, this special auction will showcase 55 lots with bids starting at below market value. These auction lots, which are developed building sites in their respective municipalities, are available in Brooklyn Park, Maple Lake, North Branch, and townships in the Princeton area. These lots range from city lots to acreage lots.


“This is a tremendous opportunity for anyone looking to build either now or in the future,” explained Mr. Dorman. “Additionally, we have owner financing available for those who qualify.” In the current economic climate, lots have typically been placed on the lower rungs of the credit priority ladder and financing has been difficult to obtain. “Owner financing along with these lots being held in a traditional way makes it so that the purchaser does not have to wait for weeks or even months to get approval, only to wait again to close as they would with short sales or bank owned properties.” said Ms. Johnson.


“Forty percent of sales in August were lender mediated sales according to the Minneapolis Area Association of REALTORS®; in most cases, it meant a lot of waiting on the part of the buyer to secure their property of interest. Whereas with purchasing through an auction is vastly different” added Mr. Berglund. Auctions have become a successful option in this ever-changing real estate market. Consumers are able to leverage auction situations to set their own pricing, reduce waiting times, and in many instances purchase a property at below market value.


“We are really excited about presenting these properties to the public,” explained Mr. Harris. “We have some properties that will be sold absolute. In other words, the property will be auctioned to the highest bidder regardless of the final bid amount. There will be no minimum bid on the absolute sales.”


Walk-ins are welcome; however, space is limited. Pre-registration is recommended for everyone interested in attending. Consumers and real estate professionals can visit http://www.realestateauctiondeal.com/ for additional information and questions on registration, financial requirements, the auction process or the inventory itself. Furthermore, this team of experts has also set up a 24 hour hotline for general information on this event, 1-800-961-6706 ext 7326 for consumers and agents to call at their convenience.


EXIT Realty Nexus is a franchise member of EXIT Realty. Originally founded in Canada, EXIT has enjoyed rapid growth throughout North America This growth is based largely on the strength of its professional development and retirement benefits as well as world class client care services.

For more information about EXIT REALTY NEXUS, please call 763-548-1400. EXIT REALTY NEXUS is located at 2143 Northdale Blvd NW, Coon Rapids, MN 55433.

# # #

For more real estate related information please call Mike Berglund at 763-548-1424; Renee Johnson at 612-636-2807; or, Dennis Dorman at 612-875-0033. For auction related information, please contact Mike Harris at 763-245-7058.