SOURCE: Hagen Realty Group

Hagen Realty Group

September 08, 2010 15:23 ET

Northeast Georgia Home Sites to Sell at Auction After "Accelerated Pre-Sale" Period

HIAWASEE, GA--(Marketwire - September 8, 2010) -  Home sites in Fodder Creek Mill, a private subdivision in the mountains of North Georgia, will sell at auction on Saturday, Oct. 2, with Hagen Realty Group managing the sale. But first, the developer plans to sell as many sites as possible in an "accelerated pre-sale period" leading up to the auction.

"These home sites have amazing mountain views, and most of them are more than an acre in size. The development is surrounded by the Chattahoochee National Forest," said Jim Yosten, vice president of the auction company.

"Because of the continued softness in the real estate market, the developer has decided to sell them well below the original price. During September, they're considering offers on the individual lots at pre-auction prices starting as low as $9,995. Then on Oct. 2, we'll sell the remaining sites at auction," said Yosten.

In addition to the mountain views, the development has private paved roads and underground utilities. The subdivision is located one mile from Lake Chatuge.

"The auction will help establish momentum in the subdivision. This can be a challenge in the beginning, because people often wait to buy until they see other homes going up. But by selling these at the auction and hopefully in the weeks leading up to it, we'll establish that momentum. People will see others acquiring lots on which they plan to build, and that will give them the confidence to proceed with their own plans," Yosten said.

The home sites range in size from about 0.75 acre to 2.141 acres, with most between one and two acres, said Yosten.

Hagen is marketing the properties in cooperation with High Country Realty, RE/MAX Properties North, and Shield Heritage. Individuals who wish to make pre-auction offers or get additional information may call 800-942-6475 or visit

Hagen Realty Group, based in Carrollton, Ga., is a national asset disposition firm offering accelerated marketing for real estate through accelerated listings, public outcry auctions, sealed bid auctions, and Internet auctions to maximize dollar value for clients. More auction information.

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