SUNDAY, OCTOBER 14, 2001  7:00 PM 

BUILDER CLOSEOUT AUCTION-

THE CONCORDE

PROPERTY NO. 102: The Concorde is located at 2870 Pharr Court South in Beautiful Buckhead.
AUCTION DATE & TIME: The Auction Will Be Held Sunday, October 14th at 7:00 PM 
SALE SITE:  Sheraton Buckhead Hotel,  3405 Lenox Road NE, Atlanta, GA 
PROPERTY DESCRIPTION:
Interstate Auction Company is proud to have been selected as the auctioneer of choice for the final sale of these premier Buckhead condominiums and is pleased to offer them to the public at auction prices.

10 UNITS SELL ABSOLUTE, NO MIN. BID

The developer of this fine high-rise complex has made the decision to expedite the sale of the final units. With the exception of the Penthouse units (on the 30th and 31st floors, which will be sold through the process of a Sealed Bid Auction) all remaining units will be sold during this special one-day event, thereby eliminating a lengthy and costly sellout period. The savings realized from this one-day sellout will be passed on to you, the Buyer!!

Interstate Auction Company cordially invites you to see Buckhead from the Concorde view, and strongly urges you to be at the auction on Sunday, October 14th to purchase the unit or units of your choice...at the price you set!! 

Floorplans: click on pictures for larger image

35 Luxury Condominiums

* All Square Footages Are Approximate. Scale Used In Floor Plans Shown May Vary.

Visit The Concorde During Scheduled Open House Times To Choose The Floor Plan That's Right For You!
Auction Reps On-Site Every Tuesday Through Sunday From 1:00 To 7:00 PM
Buyer's Note: This handy chart is provided for your convenience to use during inspection periods or at the auction to make notes such as ranking the condos in order of your personal preference, floorplan ideas, etc.

10 UNITS SELL ABSOLUTE, NO MIN.

REGISTRATION: Live Auction registration will begin at 5:00 P.M. at the Sheraton Buckhead Hotel. To register, bidders must show that they have in their possession $1,000 in cash, cashier's check, certified check, check with bank letter or other approved check. Cashier's checks and certified checks should be made payable to yourself. You must have a separate $1,000 check for each unit purchased. All bank letters of credit must be approved by Interstate Auction Company before the close of business Friday, October 12. Interstate Auction® Company may approve personal checks at its sole discretion.

DOWN PAYMENT and CLOSING: Purchasers with pre-approval financing letters from HomeBanc must make a 5% down payment at the conclusion of the auction. All other purchasers who do not show their pre-approval letters from HomeBanc must make a 10% down payment with the purchase and sale contract at the conclusion of the auction. Purchaser's $1,000 cash, cashier's check, check with bank letter or other approved check will be applied as part of the down payment, and a personal check will be accepted for the balance of the sale day down payment (either 5% or 10%). All sales must close within 45 days of the auction. 

BUYER'S PREMIUM: A 10% Buyer's Premium will be added to the high bid price on each property to arrive at the contract price.

BROKER PARTICIPATION: Broker participation is welcome subject to specific auction guidelines. Call (404) 812-9595.

FINANCING: Sales are not contingent upon purchaser's obtaining financing. All purchasers are advised and encouraged to get pre-qualified prior to the auction. Purchasers may obtain financing from any lender. HomeBanc will offer loans of up to 95% of the purchase price to qualified purchasers. Several loan programs are available through HomeBanc. Todd Kallenbach of HomeBanc will process applications for HomeBanc AND for Seller Financing. Call Todd at 404-303-4474 or log onto www.homebanc.com/kallenbach to start the application process now. The seller will also offer temporary financing to qualified purchasers. The seller financing will be for 80% of the purchase price (10% down at the auction and 10% more at closing) with an 8.5% interest rate (8.5% APR), 30-year loan with a 1-year call provision. This loan will be available to purchasers who make the required down payment and complete a loan application, provided there are no judgments, no pending or recent bankruptcy, nor any tax liens outstanding against the purchaser.
SPECIAL SEALED BID AUCTION:
4 PENTHOUSES ON FLOORS 30 & 31
The following units will be offered in a special sealed bid auction:
#3101: 3 Bedrooms, 3.5 Baths, 2,583 Sq. Ft. Penthouse, Previous Price: $799,900 
#3102: 3 Bedrooms, 3.5 Baths, 2,067 Sq. Ft. Penthouse, Previous Price: $649,900
#3104: 3 Bedrooms, 3.5 Baths, 2,583 Sq. Ft. Penthouse, Previous Price: $799,900 #3002: 1 Bedroom, 1.5 Baths, 1,303 Sq. Ft. Penthouse, Previous Price: $384,900

These units are available for inspection during the regular open house times. Bid packages for the sealed bid auction of these 4 units are available at the Concorde Sales Office in Unit #1210 and at the office of Interstate Auction® Company, 6690 Roswell Road, Suite 550, Atlanta, GA. Bids must be submitted by 5:00 p.m. on Wednesday, October 10th. All sealed bids must conform to the terms and conditions for the sealed bid auction in the sealed bid package. All bidders in the sealed bid auction will be contacted by 5:00 p.m. on Thursday, October 11th and notified of the status of their bids.

ADDITIONAL INFORMATION: Interstate Auction® Company represents the Seller. Auctioneer reserves the right to deny any person admittance to the auction. Auctioneer may refuse admittance to or expel anyone from the auction premises for any interference with auction activities, or any act or action which might be considered detrimental to the auction by the Auctioneer. The Auctioneer shall not be responsible or liable in any way if the owner fails to honor any bid, or refuses to close on any contract which may result from this auction. Seller reserves the right to add or delete properties, to postpone or cancel the auction in whole or part, and to modify or add any terms and conditions either prior to or at the auction. Persons buying in the name of trusts, partnerships, corporations or with a power of attorney must have the authorizing documents examined and approved prior to the auction by a representative of the Seller. All information was obtained from sources deemed reliable. Interstate Auction® Company, sale manager, and all their agents, Seller and all of their agents, will not be responsible for any errors or omissions herein. Oral representations cannot be relied upon as correct. However, announcements made on auction day take precedence over written matter. Conduct of the auction, sale order, increments of the bidding shall be at the sole discretion of the auctioneer. Offer void where prohibited by law.

CALL CONCORDE AUCTION OFFICE NOW (404) 812-9595

Disclaimer:  All information was obtained from sources deemed reliable. Although every precaution has been taken to insure accuracy, Interstate Auction® Company, sale manager and all their agents; Sellers and all their agents will not be responsible for any errors or omissions herein. Announcements made sale day take precedence over written matter. Conduct of the auction and increments of the sale shall be at the sole discretion of the Auctioneer. GAL 1966

 Interstate Auction Home