Condo.com Hosts Online Auction

Condo.com Hosts Online Auction MIAMI, FL - Condo.com the world's largest condominium marketplace, announced today that it will host the first online condo auction for 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.

Interested buyers can easily register to participate in the auction bidding at www.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.

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.
Source: Condo.com

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