VIEWS: 6 PAGES: 1 CATEGORY: Press Releases POSTED ON: 1/13/2010
Inland Real Estate Auctions, Inc. announced today the successful bulk sale of the remaining lots in the Five Oaks of Frankfort development in Frankfort, Ill. a style='font-size: 10px; color: maroon;'
Inland Real Estate Auctions, Inc. Closes Successful Land Frankfort, Ill. Six years worth of inventory sold in six months January 13, 2010 01:03 PM Eastern Time OAK BROOK, Ill.--(EON: Enhanced Online News)--Inland Real Estate Auctions, Inc. announced today the successful bulk sale lots in the Five Oaks of Frankfort development in Frankfort, Ill. After being engaged by the developer last summer, Inland sold 56 h upscale lakefront community in just six months via various methods, from an accelerated “Land Rush” program, to a traditional aucti auction campaign. Based on statistics provided by the Multiple Listing Service for the Frankfort area, the sales represent at least six inventory. “In a market where the conventional wisdom might say that no one wants to buy land, these results show that there are still buyers o eye for a good value,” said Paul Rogers, senior vice president and managing broker of Inland Real Estate Auctions. “These are high in a project that is more than 50 percent built out with up to million-dollar homes. We just had to make sure we were reaching, enga motivating the right buyers.” Inland Real Estate Auctions utilized a proprietary three stage campaign in order to raise the profile of the offering. A number of hom between July and September through the Land Rush, an accelerated offering program with a deadline to submit a bid. More were November, and the remaining sites were sold in a post-auction campaign some 6 weeks thereafter. “High quality home sites like the ones in Five Oaks of Frankfort can still be sold today, but it requires versatility and creativity on be and the seller’s real estate marketing specialist,” Rogers commented. “Our success speaks for itself: we were able to move several inventory for the developer in just a matter of months.” About Inland Real Estate Auctions, Inc. One of the nation’s top auctions firms, conducting transactions from coast to coast, Inland Real Estate Auctions, Inc. (http://www.inlandreauctions.com) is a leading provider of accelerated marketing and auction services. As part of The Inland Real E Companies, Inc., a full-service national real estate company, Inland Real Estate Auctions, Inc. brings unique depth, experience and real estate auction industry, with real estate marketing and auction professionals who have more than 80 years of combined experie formulation and execution of auction programs for all classifications of real estate. Contacts Joel Cunningham, Inland Communications, Inc. (630) 586-4897, email@example.com Permalink: http://eon.businesswire.com/news/eon/20100113006378/en/auction/frankfort/inland
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