Upcoming Florida Luxury Condo Auctions

Tough economic times are forcing many developers and residential home owners to become creative in their selling techniques if they want to find buyers. In recent months condo auctions have become a growing trend as a way to sell units that have already been offered at a deep discount to encourage buyers.

As the current economic status has worsened in past months, owners and developers of condos have found great success by holding property auctions. These auctions allow potential buyers to view the unit in a very short period of time by providing them with offers that are too good to pass up.

South Florida has been one of the most popular destinations for buyers looking to purchase beautiful condos on or near the coastal beaches in a warm, sunny climate. Many of these top-notch condos are now being auctioned off at never before seen prices. This has created great opportunities for buyers who are looking for primary or vacation homes.

Take, for example, this unit, a Gulf front penthouse equipped with dozens of luxury amenities and nearly 3,500 square feet of living space in addition to a private balcony overlooking the beach. Interested parties have the opportunity to preview the condo nearly a week in advance of the auction on April 4th, 2009.

Another example is a unit at Kelly Plantation in Destin, Florida which will be auctioned on March 28th, 2009. This condo is a golfer's dream as they can overlook the 4th hole of the Kelly Plantation golf course while relaxing in their cozy living room next to the fireplace. The amenities and upgrades included with this condo are second to none, including an extremely upgraded kitchen, hardwood floors, granite countertops, crown molding and private elevator access. A long list of other amenities which are hardly ever found elsewhere are also included. Again, the condo can be toured about a week in advance for anyone interested in bidding.

Auctions such as these allow buyers to snatch up very high-end luxury condos at a fraction of normal costs. In addition, the auction format allows for a quick and painless buying process. No doubt, as buyers continue to shop for the best deals when purchasing any home, condo auctions such as these will continue to grow in popularity and be of great benefit to buyers and sellers alike.

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