Let ocean breezes keep you cool all summer
Ready to buy your first home in the San Diego area?
Now may be the best time to buy: Interest rates AND real-estate prices are low
In an auction, the buyer sets the price
Almost all the condos are fully furnished
Buy a fully warrantied new condo, not an "as is" home in foreclosure.
Are you an investor? Generate a positive cash flow in your first year of investing in a condo
Want to live near a community college? Live across the street from Southwestern College.
Save on gas! Live a ten-minute walk from the San Diego trolley
To acquire a new home at Bayview Tower, take these steps:
Download the auction brochure.
Pick the condo, furnishings, decor and starting bid that are right for you
Get ready for the condo auction on May 17, 2008.
Come to the condo auction at the San Diego Marriott Mission Valley at 12:00 noon on May 17, 2008.
Auction site: San Diego Marriott Mission Valley, May 17, 2008
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Do you expect prices for Southern California coastal condos to drop some more? How low do you think prices might go?
In a condo auction, you can bid the lowest price you think a condo might drop to.
You just might get the condo you want at your dream price— now!
A lot of people think Southern California coastal condo prices are going to drop even further. Do you? Not sure?
How low do you think prices might go?
Wouldn’t it be great to buy a coastal condo now at the price you and lots of other people expect prices to drop to six months or several years from now?
You may be able to. How? At a condo auction in San Diego on Saturday, May 17, 2008.
Auction prices reflect buyers' expectations about future prices
A list price for a condo reflects past sales prices. It embodies the seller’s hopes. It includes a hefty markup for the seller.
Auction prices do the opposite. They reflect buyer’s expectations about the future. They are completely unrelated to the seller's hopes. To sell condos in an auction, a seller may have to sell at a substantial loss.
A condo auction is similar to the stock market. The stock market is an auction. Stock prices reflect peoples’ expectations about companies’ future earnings. If would-be stock buyers have low expectations and bid only low prices, either the stock price comes down or no sales take place.
To sell condos in an auction, the seller has to accept whatever prices buyers bid
The same thing that happens in the stock market happens in a condo auction. Buyers bid no more than they think they could buy the condo for or sell it for in the future. To sell condos in an auction, a seller has to accept whatever prices buyers bid or no sale takes place. To generate cash, he may have to sell condos at a substanial loss. In an auction, the seller's pain is your gain.
On Saturday, May 17, 2008, forty-nine luxury condos overlooking San Diego Bay, Coronado and the Pacific Ocean go up for auction. Bids start as low as $59,000 for fully-furnished, newly renovated, builder warrantied condos. Before the subprime meltdown, some of these condos listed for as much as $522,000.
Southern California Coastal Condo Auction Saturday, May 17, 2008.
Open House Hours| Monday: | 12:00 noon | - 6:00 pm |
| Tues - Sun: | 10:00 am | - 6:00 pm |
Bayview Tower
801 National City Boulevard
Corner National City Boulevard and East 8th Street
Phone (619) 399-3885
Email bayviewrep@coastalcondoauction.com
Almost all units to be auctioned are fully furnished.
Download free brochure of condos to be auctioned
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