Fickling of Florida Blog

Upcoming land auctions in Franklin County Florida this March.  There are vacant lots for sale in the St. James Bay golf course and along the bay in Carrabelle and Lanark Beach.  These are online auctions and operate similar to Ebay.    Auctions can be a tidy way to purchase real estate but you have to do your due diligence before bidding.  Call the listing agent, make sure you know exactly where the property is located.  Is it actually on the beach or does it have a view of the beach?  What type of utilities are available onsite?  Is there a survey on file?   Most auction companies want their sales to close within 30 days of the final bidding so you need to have any financing or cash in place.   

There have been several auctions on Franklin County property and they are an interesting method to sell real estate.  Usually, they are not absolute auctions, meaning that the seller can choose not to accept the highest bid.   We used to believe they were an accurate gauge of market value until we saw properties selling for more than their highest bid, four weeks after the auction.  Interesting times in real estate!