The 27 remaining Sabine on Fifth condos in Downtown Austin are going on the auction block on February 28, 2010 at 1pm at the Hilton Austin Downtown, located at 500 East 4th Street.

Registration for Sabine Auction

Registration is required to be eligible to attend and bid on auction day.  Registration deadline is February 25, 2010 at 5pm.  Please contact us for information about registration, and we can provide you with an auction packet and quickly get you registered so you can attend and place bids.

Deposit for Sabine Auction

For each unit that you intend on bidding on, you will need a $2,500 cashier’s check payable to Heritage title Company.  Total depost required for each unit will be 3% if you’re bidding and win one home, and 5% if you bid and win on multiple units.

Sabine HOA

Each winning bidder (new owner) will become a member of the Sabine on Fifth Residential Condominium Association.  Monthly fees range from $275 to $580, depending on floor plan and unit.  (Average monthly HOA fee per square foot is $.02477)

Closing Incentives

If you use their preferred lender, Bank of America Home Loans or Colonial National Mortgage, and close within 45 days, winning bidder will receive $3,000 toward non-recurring closing costs from the seller.

How Do I Become a Bidder on the Sabine Condo Auction?

Please contact us or me directly at 512-740-8279 and we can walk you through the auction registration process.  We have been to Kennedy Wilson auctions with clients in the past, and are knowledgeable about the bidding process and can provide you with comps and other pertinent information.

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