First Real Estate Auction Set for Upcoming Toronto Investor Forum
ST. CATHARINES, Ontario, Feb. 24, 2016 /CNW/ -- U.S. based Williams & Williams, a global leader in real estate auctions has teamed with Bill White of Ontario-based Real Estate Auction Canada to bring live and interactive auctions to the Canadian marketplace. The powerhouse team, in conjunction with Pamela Mallysh Real Estate Brokerage, will auction its first joint listing on Sunday, March 6, at the Real Estate Investor Forum at the Toronto International Center, 6900 Airport Rd in Mississauga.
The auction property is a brick four-plex located at 205 Russell Ave in St. Catharines. The property is partially occupied and is available for investment or owner purchase. Bidding is open to the public for the 12:30pm auction. Bidders may bid in person at the Investment Forum, or online at AuctionNetwork.com. The Nominal Opening Bid is $50,000.
The Auction group says this event will give the Forum attendees a new perspective on auction as a sales method for real estate. "Real estate auctions in Canada are not common like they are in the United States and other countries," says White, who is also the broker of record. "We plan to demonstrate that the concept of a time-definite sale is not only possible, but highly efficient for both buyers and sellers."
Fontana Fitzwilson, Executive Vice President of Williams & Williams, says her company is thrilled to bring real estate auctions to Canada and sees the trend growing swiftly over the next 12 months. "Our sellers have been asking us to bring our services to Canada," Fitzwilson says. "Many of them have holdings here and want to use auction as a strategic, time-definite disposition method."
The high bidder of the St. Catharines property will sign a purchase contract immediately after the auction. Closing will occur in about 30 days.
To view information and photos for this auction please visit
http://www.williamsauction.com/ontario
About Williams & Williams:
Williams & Williams (www.williamsauction.com) is a worldwide real estate auction firm and the leader in global live and interactive auctions. A full-service brokerage with an operating footprint in all 50 United States and U.S. Territories, Williams & Williams also cooperatively partners with residential, commercial and land brokers to auction properties throughout the United States and abroad.
About Auction Network:
www.AuctionNetwork.com is a subsidiary of Williams, Williams & McKissick, LLC, whose holdings include Williams & Williams. Auction Network™ is a 24-hour global broad-band television network that lets bidders participate from anywhere in the world during live and online auctions.
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SOURCE Williams & Williams
Cindy Dees, 918.217.6410, [email protected], http://www.williamsauction.com
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