Tranzon

   

                                                                                    Media Contact           

                                                                                    Elizabeth E. Fox           

                                                                                    Tranzon Fox           

                                                                                    bfox@tranzon.com           

                                                                                    www.tranzon.com           

                                                                                   

FOR IMMEDIATE RELEASE              



A slowdown in the real estate market has lead serious sellers of all property types to choose AUCTION as the most efficient method to sell their real estate. This is true for both residential and commercial offerings. Tranzon Fox will auction 6 properties over a period of 4 days in December, with 2 of the 6 properties being offered at auction absolute to the highest bidder regardless of price. The time has not ever been better to buy!

The ABSOLUTE offerings include an historic property in Richmond - the only townhouse on Richmond's historic Linden Row that is privately owned and not a part of the Linden Row Inn. This magnificent property features four stories including an English basement, for over 8,000 square feet of space and will be auctioned on Friday, December 14 at 10 a.m. Also offered absolute to the highest bidder on December 13 at noon is a lot in Roanoke zoned R 12 and located on a Brambleton Avenue close to the intersection of Brambleton and Brandon, in close proximity to Roanoke Carilion Hospital, Downtown, and Virginia Western Community College

The Roanoke lot being sold absolute backs up to 1260 Lakewood Drive, a stately two story, brick home in the Lakewood subdivision in the Greater Raleigh Court area of Roanoke. This home will also be auctioned on December 13, 2007, as part of a Living Trust.

For land buyers, a trustee-ordered auction will be conducted on Monday, December 10 in Henrico County. SunTrust Bank as Trustee has ordered this auction which absolutely sells to the high bidder at or above $50,000. This development opportunity consists of a +/- 5.2 acre parcel zoned R-4 with a conditional O-3C zoning granted in 1984. It is assessed at $295,800. Don't miss it! Note: SunTrust or subsidiary employees, officers, directors and relatives cannot bid.

Finally, for investors or those looking for a starter home - Tranzon Fox will auction three single-family homes in Richmond and Powhatan County on December 13 and 14.

Tranzon Fox, headquartered in Virginia Beach, VA, is a full-service real estate auction company and a founding member company of Tranzon, L.L.C., a real estate auction group based on the premise that combining the powerful auction selling process with a highly professional organization with national resources, and regional member companies having local market knowledge, offers a compelling value proposition to sellers of real estate desiring to sell their property for the highest price possible in the shortest time possible. The member companies of Tranzon have experience in selling virtually all types of property, and our staff includes among the most respected names in the industry with backgrounds in finance, law, and accounting, to name just a few. Tranzon member companies auction over 1,000 properties every year. Since our founding in November 2000, we have conducted auctions in 46 states and the District of Columbia generating over $800 million in sales proceeds for our clients.

For a complete list of auctions and sales or to learn more about Tranzon visit www.tranzon.com/