Crye-Leike Broker Bill Caller Thinks The Big Buck RV Resort Will Bring In Some Big Bucks For The Seller At The Auction And For The Buyer In The Future
Hornsby, TN., - Real estate auctions have long been an effective method of selling properties to help sellers gain leverage and get the best return on their real estate investments.
In the current market, many sellers are seeing the benefit of pursing a real estate auction as the best way to get their property sold quickly. That's the hope of one land owner in Hornsby, Tennessee who has hired Crye-Leike Broker and Auctioneer Bill Caller to market and sell his popular vacation property.
On Saturday, November 10th at 10am, The Big Buck RV Resort in Hornsby, Tennessee will be auctioned off to the highest bidder above a published minimum bid of $500,000. The property will be sold "As-Is" and will be a cash sale with no contingencies within 30 days after the auction.
The resort features over 211 acres and over 17 buildings including an office, clubhouse, restaurant site, laundry, pavilions, RV sites, campground sites, two lakes, skeet range, target range and other amenities. The sale will include all land, improvements, furnishings, equipment and personal property located on the premises.
"This is an active resort with over 420 paid memberships which are due for renewal in December of 2012," said Crye-Leike Auctioneer Bill Caller. "We're hoping the Big Buck RV resort will bring in some big bucks at the auction for the seller and for the buyer in the future. This property was appraised at 2 million dollars in 2011 and is producing a positive Net Operating Income of approximately $90,000 (based on the owner's 2012 ProForma). At the published minimum bid, the property would produce a 16% return on investment."
Another property will be sold at Absolute Auction before the Big Buck Sale. The Former Sharecropper Restaurant and Convenient Store will be sold to the highest bidder regardless of price. This property auction will be a separate sale but will be done in conjunction with the Big Buck Auction. This property, located in the town of Hornsby on Hwy 64 next to City Hall is a 3,152 SF building on a .61acre lot. This property will be sold "As-Is" and will be a cash sale with no contingencies within 30 days after the auction.
"The market has forced many sellers, especially commercial real estate sellers, to seek out the option of an auction and many sellers have reaped the benefits of one of the best kept secrets about auctions as a better method of selling real estate in some situations," said Caller. In many areas across the U.S., selling real estate at auction is widely accepted and utilized to help sellers gain leverage in a tough market that is working against them.
Caller adds, "In this rocky real estate market, many sellers have realized that selling a property quickly at auction is an attractive way to take control of the process in order to move on with their lives. Buyers benefit from real estate auctions as well often times getting a steal of a deal on a property that will produce them an income and a good return on investment in the future when they desire to sell."
All potential buyers are encouraged to visit WWW.BILLCALLER.COM for complete details and for all documentation regarding the property and parcels that will be sold. Buyers are also invited to visit the property on October 25th from 11-4 PM for a visual inspection opportunity. Additional inspections are available by appointment. All Buyers at the auction will be required to provide a cashiers check or previously wired funds of $50,000 at the time of registration. A 10% Buyers premium will be added to the high bid accepted at the auction and will be added to the bid to determine the purchase price.
For more information on these two properties and other upcoming auctions, please visit WWW.BILLCALLER.COM. Call Crye-Leike Auctioneer Bill Caller at (901) 262-3440 or e-mail him at email@example.com for all of your auction and real estate questions and needs.
More About Crye-Leike Broker & Auctioneer Bill Caller
Crye-Leike Broker & Auctioneer Bill Caller is licensed as a Broker in Tennessee and has his real estate license in Arkansas, Mississippi and Florida. He has an Auctioneer license in Tennessee, Arkansas and Mississippi. Caller works with both buyers and sellers primarily in and around Shelby, DeSoto, Fayette and Tipton counties. He specializes in all types of commercial real estate brokerage and auction marketing services for all real estate segments.
Caller has been a licensed Realtor since 2005, with early success in Northeast Florida commercial real estate before relocating back to Memphis in 2006. He is a member of the National Association of Realtors, the Tennessee Association of Realtors, and Memphis Area Association of Realtors (MAAR) serving on its Commercial Council Education Committee. Caller is also affiliated with both the National and the Tennessee Auctioneers Associations.
Caller is the Principal Broker and leader of Crye-Leike's Auction Services which specializes in helping sellers take advantage of the features and benefits that come with the auction method of selling property. Caller is based out of the Crye-Leike Commercial office in Crye-Leike's Corporate Headquarters Branch located at 6525 Quail Hollow Road in Memphis, Tennessee.
More About Crye-Leike, REALTORS - Harold Crye and Dick Leike established Crye-Leike, REALTORS in 1977. Today, Crye-Leike?, the nation's 5th largest real estate company, has a network of more than 2,800 licensed sales associates based out of 108 corporate and franchise offices located through-out the nine-state southern region of Tennessee, Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Louisiana and Oklahoma. In 2011, Crye-Leike attained a sales volume of $3.8 billion with 24,470 properties sold. More information is available at http://www.crye-leike.com
Crye-Leike Broker Bill Caller Hopes For Big Bucks For His Seller As He Gears Up To Auction The Big Buck RV Resort In Hornsby, Tennessee
October 19, 2012