Success Stories

Tranzon’s Success Stories series highlights some of the stories of how our team of dedicated real estate auction professionals is helping our clients navigate the sale of their assets through the new realities and challenges of COVID-19’s impact.

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  SUCCESS!

  Development Dilemma

  Lewiston, ME

  An ongoing residential development project was in danger of stalling due to the unexpected passing of a development company’s leader, posed the threat of escalating carrying costs. Lenders, creditors, and borrowers devised a prepackaged Chapter 11 bankruptcy plan to facilitate the expedited sale of valuable assets, ensure completion of homes already under construction, and implement a comprehensive global asset restructuring. As part of this effort, Tranzon was engaged to market three residential subdivisions in various stages of completion.
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  SUCCESS!

  Rare Gem on Rye Beach

  Rye Beach, NH

  This luxury Rye Beach home was part of the estate of a highly regarded family's matriarch and patriarch. While some style elements needed modernizing, the home’s classic character, rich history, and stunning scenery set it apart as a rare gem. The heirs of the estate wanted to find a way to market this distinctive property to buyers nationwide.

• The professionals at Tranzon came through for these client in these difficult times. We can help you too.

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  SUCCESS!

  From Lease to Sold

  Jackon, TN

  The owners of the former West Tennessee Business College had been trying for over a year to sell the building that had housed its learning center. A land lease on the property created large carrying costs for the owners, and it also made the property unattractive to potential buyers who would prefer to own the land along with the building.
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  SUCCESS!

  Bank Sale Pivot

  Biddeford, ME

  Tranzon was conducting a foreclosure auction of a Maine oceanfront property for a regional lender and long-time client. It was scheduled for early April, just as Coronavirus concerns were peaking in the US. Interest in the property was very high, but the requisite live auction was a risk, and bidders might be understandably reluctant to attend. Postponement was one option, but there was no telling when the sale could be rescheduled.
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  SUCCESS!

  One Man's Money Pit...

  Davenport, FL

  Francisco and Magda, a couple living and working in Puerto Rico, owned a vacation condo near Disney World. They didn’t use the condo anymore, and it needed some updates and repair. They were paying condo fees and taxes each year and getting no return. They knew it was time to sell — but Florida was under a stay-at-home order.
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  SUCCESS!

  The Power of Partnership

  Yarmouth, ME

  David was a Realtor representing the homeowner of an executive bay-front home in Maine. The owner had moved a few years ago and after renting the property for 18 months was now ready to sell. The home’s configuration was unique, and finding a buyer with the vision would be formidable. Not to mention that COVID-19 had everyone second-guessing the market. Between these factors and the $45,000 annual tax bill, David recommended to his client that a dual listing and accelerated marketing approach was the best way to achieve the client’s goals. Tranzon was happy to be part of the solution