UPDATE: Auction Cancelled - Property SOLD Victory Park Lane Condo in Dallas to be Auctioned in May

Real Estate Agent with United Real Estate TX #0552717

You've heard of The W Hotel?  Attached to it are The Residences, a building of condos.  One of those Victory Park Lane Condocondos, unit #2108, will be auctioned (by yours truly) on Saturday, May 16, 2009 at noon (subject to prior sale).

Details:  This is a 2 bedroom, 2 bath unit, ideal for roommates because of the split bedrooms.  It has an open floorplan, with 2062 sq ft.   Magnificent views of Dallas skyline from the balconies. HOA dues are $1600/mo.

Currently Listed:  Jodi Kerby with Coldwell Banker Apex has this property listed at $759,900.  Contact her at (972) 235-4691.

Auction Information:  The auction will be held on-site.  There is a 5% buyer's premium that will be added to the high bid.  The seller (bank) reserves the right to accept or reject the high bid.  The seller will pay for and provide owner's title insurance, all current ad valorem taxes and condo fees assessed up to the date of closing.  Buyer pays all other customary closing costs.

Bidder Registration and Deposits:  Prospective buyers must register to bid.  Cash or certified check payable to yourself for $2,000 must be shown at registration.  5% down day of auction if you are high bidder.  You use that certified check (endorsed by you and paid to the escrow agent) and the difference can be a personal check.  If you are not the high bidder, just deposit the cashier's check back into your account.

Closing:  Balance of purchase price is due at closing within 30 days.  All transactions are cash transactions and not contingent upon financing.  Make your financing arrangements prior to the auction.  All earnest money deposits are non-refunable.

Open House:  Coldwell Banker will hold the unit open for inspection on Saturday, May 9th and Sunday, May 10th between 1:00 and 4:00.

For complete terms of sale, visit www.AuctionServicesIntl.com.

Broker Participation:  2% commission whose prospect successfully closes.  Agents must register their prospects and must attend auction with their prospects.  No commission paid to any broker or agent or spouse purchasing as principal.

I am a licensed Texas Auctioneer, license #13117, and a Keller Williams agent. 

Posted by

Lorrie Semler, e-PRO, GRI, SRES, CPRES, CRS
Addison Resident/Addison Specialist                                                      Subscribe Button
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Steve Shatsky
Dallas, TX

Wow Lorrie... If I am free that day, can I come watch you auction this off?

Apr 19, 2009 01:42 PM #1
Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator

I knew you did estate sales, but I don't think I ever knew you did auctions.  Sounds like fun!

Apr 19, 2009 02:41 PM #2
Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
United Real Estate - Addison, TX
Real Service. Real Results. Real Estate

Steve:  It's open to the public, so come on down.

Donna:  Jill-of-all-trades.

Apr 20, 2009 01:25 AM #3
Lynn911.com ~ Dallas Real Estate Agent Top Team
Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com - Dallas, TX

Lorrie, good luck with the Victory Park auction.  I have shown building to many of my clients Have a great and successful week

Apr 20, 2009 04:54 PM #4
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Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417

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