Florida Developers Auction Luxury Apartments with No Reserve Through Stirling Sothebys

The January sale starts at 11 a.m. on January 19th when Stirling Sotheby’s International Realty, in association with The British Homes Group, will hold a live Absolute Auction on the premises at Lely Landings in upmarket Naples, on Florida’s west coast. Twenty-seven, 3 bedroom elegant coach homes of 1600 sq ft+ are to be auctioned individually. Alternatively they can be bought on a bulk purchase of the entire inventory. All have integral garages and are set on 3.4 acres of land 5 miles from the beach. A typical 3-bedroomed apartment up for auction was independently valued in November 2007 for $393,000 (£196,500).

Exactly a week later on January 26th, Stirling Sotheby’s will auction 30 brand new units at Oceanwalk Condominiums on the south beach area of New Smyrna Beach on Florida’s Atlantic east coast. Again the units, which range in size from 1350-2050+ sq ft and are currently on sale for $250-440,000 (£125-220,000), will be sold on site to the highest bidders with no reserve and no minimums. The 30 apartments are also available on a bulk purchase agreement. New Smyrna Beach is the nearest beach to the world famous attractions of Walt Disney World, Sea World, Epcot Center and Universal Studios just over an hour and fifteen minutes away.

Potential buyers can register online at: www.stirlingsir.com/auctions/preview.htm and join in the live auction online or by calling UK freephone 0800 0518 893. For details on financing contact British Homes Group on UK Freephone 0800 0965 989. Stirling Sotheby’s has formed an alliance with The British Homes Group – the no. 1 Florida-based international sales and mortgage brokerage company that specializes in arranging financing for British, European and other ‘Foreign National’ homebuyers in the U.S.

Virginia Cowie, owner and managing director of BHG says: “This dramatic move by two of Florida’s top developers is a stark indication of a desperate sellers’ market and therefore how strong the buyers’ market is for Florida property. These are certainly quality developments in great locations, so with the Euro’s record high against the $, and £ Sterling’s 26-year high against the dollar the British property investor has a great opportunity to take advantage of these highly motivated sellers in the USA. If you’re looking for a well-priced villa or apartment, this is probably the ideal time to get one.”

There are further indications that now is the time to buy. The Orlando Sentinel, the business newspaper of the region reported on December 28th the latest quarterly forecast from the University of Central Florida. It’s prediction is that Florida’s economy should hit it’s low point within the next three months and then begin a long, steady climb upward. The full article can be found on:

Lee Weaver, director of British Homes Group says: “Now is definitely the time to be buying a property in Florida. It’s been a long while since bargains like this have been available. Even if you resist the urge to get in on the auction, people can keep abreast of what is happening to Florida real estate market by logging on to http://www.featuredfloridaproperty.com/eng/ Those who subscribe to receive “Florida Insider Alerts” also get to see hot properties before they go out on general release.”

See http://www.obeo.com/Public/Viewer/Default.aspx?ID=429631 for a virtual tour of the Lely Landing condominiums and http://www.obeo.com/Public/Viewer/Default.aspx?ID=429639 for a virtual tour of the Oceanwalk condominiums

For auction and property details call Lori Chips at Stirling Sotheby’s International Realty on UK freephone 0800 0518 893 or www.StirlingSir.com/auctions

For multi-currency mortgage details call Lee Weaver at British Homes Group at (www.britishhomesgroup.com and www.britishhomeloansflorida.com) 0800 0965 989 – Free call from within the UK Kerry Clark, Tideway Communications, London 020 8878 0787.