Tranzon

   

                                                                                    Media Contact           

                                                                                    Elizabeth E. Fox           

                                                                                    Tranzon Fox           

                                                                                    bfox@tranzon.com           

                                                                                    www.tranzon.com           

                                                                                   

FOR IMMEDIATE RELEASE              



Serious sellers find AUCTIONS to be the catalyst in locating and qualifying buyers in this difficult real estate market. This is true for all kinds of serious sellers - trustees, estates, persons moving out of the area and those needing to pay off taxes and liens - as evidenced by the 9 property auction being conducted by Tranzon Fox in Virginia over a period of 4 days in October. Five of the sellers have disclosed low opening bids, over which the properties will be sold.

For those in the market for a showplace with a story, the trustee's auction - Maytag Estate (Helene Maytag, widow of the washer/dryer empire) - in Ford's Colony, Williamsburg, is just the ticket. The washer/dryer magnate's widow had this house custom built in a formal Greco-Roman style that should certainly be of interest! An opening bid of $300,000 buys it, along with access to the amenities of Ford's Colony! With auction date of October 15, the estate is to be closed by the end of November!

For residential buyers, there are 5 other homes to choose from, 4 in Richmond and 1 in Midlothian, 1 an Estate auction and 2 with low opening bids. The Williamsburg Foundation served as consultant in the construction of the 2-story home in Bexley that will be sold at an Estate auction on October 18. This home has tons of space - including 6 or 7 bedrooms. Whether you are looking for a two story 5 bedroom Colonial in Church Run (assessed at $419,000) with a minimum opening bid of $300,000, or a charming 3 bedroom home in Churchill with a $150,000 opening bid, with these low opening bids, the time to buy hasn't been this good for years!

For investors, Tranzon Fox has 2 additional opportunities. An Estate auction of prime development land - 2 adjacent lots totaling 3.67 +/- acres zoned B2 community business on Hull Street in Richmond will be sold for any price over $75,000! For investors or starter home buyers, Tranzon Fox has a deep 5 AC lot in Powhatan with a fixer-upper or tear it down and build new.

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