Pomona developer turns to auctioneer to unload lots, homes
-
- March
- 22
An Orangeburg home-builder looking to sell two newly built luxury homes and 13 one-acre lots in the High Gate Estates subdivision in Pomona has hired a real-estate auction company to liquidate the unsold inventory.
John Lynn, owner of JWL Construction, owed the decision to a career change rather than anything to do with the current real-estate market, which by many measures has slowed considerably.
“Sales have been pretty good,� Lynn said, adding “except for the last couple of months.�
Lynn, who currently has three employees, will continue to do some home building in the county. But after 25 years in the business, he’s set his sites on a new livelihood.
“I’m a commercial pilot now,� he said. “It’s something I always wanted to do.�
Lynn said he hired Express Auction, a Baltimore-based real-estate auction company, to unload the unsold homes and lots because “it’s a quick and decisive way to market property that I really have never tried before.�
He likened the process to eBay, the popular online auction Web site, and said he hoped the process will give his properties exposure that they otherwise wouldn’t get.
Unlike eBay’s virtual auctions, however, Express Auction’s liquidation of the properties will be held at a specific time and place: 1 p.m. Sunday at 27 High Mountain Road, which at 6,600 square feet, is the larger of the two two-story colonials that Lynn is looking to unload.
Lynn said Express Auction’s claimed 85 percent success rate has him hopeful that his inventory will get sold quickly.
“I’m going to give it a shot and see how it all works out,� Lynn said, adding that he hoped to get some definite buyers and “not just tire kickers.�
This entry was posted
on Thursday, March 22nd, 2007 at 6:26 pm by David Schepp.
You can follow any responses to this entry through the RSS 2.0 feed.
Print
| 
Email
