USA. 932-Acre Texas lakefront property to sell during bank-ordered auction

Saturday, 29 December 2012

Buyers have the opportunity of a lifetime to purchase Texas recreational real estate at auction prices. United Country – Coleman & Patterson of Bryan/College Station, Texas, will sell this bank-owned property in a variety of tracts during a live auction January 25.

“Our seller recognizes the value of using an accelerated method of marketing – in other words, an auction – to sell their property,” said David Coleman, principal, broker and auctioneer with United Country – Coleman & Patterson. “What does this mean for buyers? It means they have the opportunity to purchase part or all of this great Texas property at an affordable price. Today’s market conditions and the auction format allow sellers and buyers to come to a meeting of the minds quickly with a competitively achieved fair market value.”

These roughly 932 wooded acres consist of rolling terrain and offer over 4,000 ft. of shoreline on the Texas side of Lake Toledo Bend. It features well-kept interior roads throughout, great hunting and fishing spots, plus hilltop views. In addition to the timber, the property features a variety of native trees including long leaf pine, red oaks, and many large magnolias.

This bank-owned property will be offered in a variety of tract sizes, starting at 12 acres or bidders can purchase it in its entirety. Many of the tracts will have electrical power either on or close to the property lines, as the previous owner put in place much of the necessary infrastructure for a lakeside development.

The January 25 event will take place on-site at Old Lake Road in Hemphill, Texas. The auction will start at 11 a.m., and participants can begin the registration process as early as 9 a.m. A property preview will take place January 18 from 10 am to 2 pm.

Property details, photos and terms and conditions can be found at United Country – Coleman & Patterson can be reached at 888-300-0005.

About United Country

United Country Real Estate is the largest fully integrated network of conventional and auction real estate professionals in the United States and Latin America. The company has been an innovator in real estate marketing since 1925. United Country supports nearly 550 offices across the U.S., Costa Rica, Panama and resort areas of Mexico, with a unique, comprehensive marketing program that includes one of the largest portfolios of property marketing websites (more than 3,000 separate sites and traffic of approximately 3 million visitors per month), multiple United Country real estate catalogs with national distribution , an extensive buyer database and national advertising of local properties that reaches more than 90 million homes per week. United Country has recently been recognized by Franchise Business Review,, The Land Report, Entrepreneur and The Wall Street Journal as one of the top U.S. real estate companies.

Last Updated ( Saturday, 29 December 2012 )