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Signature Place Market Update 3-22-10

The recent auction at Signature Place condo in downtown St Petersburg has certainly been successful. Counting those units sold at the auction, in the last two weeks a total of 92 units have gone to contract. In addition to the 102 units Signature says have closed from sales prior to the auction, that brings the total to 194 units out of 244, which is 79.5% of the units. The remaining condos are being shown by appointment only, and all the appointments are booked days ahead. I’d say the auction at Signature Place was a definite success!

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Signature Place auction is Sunday – get ready

Signature Place condo in downtown St Petersburg Florida

Signature Place condo in downtown St Petersburg Florida

Your Signature Place auction registration form (the yellow card) must be given to Signature Place by Saturday if you plan to attend the auction on Sunday.  This form is in addition to the Visitor Registration you would have signed to enter Signature Place and in addition to a Broker Registration Form, if you have a real estate agent representing you.

You cannot just show up on Sunday and decide to attend the auction, even if you have your checks with you.

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Signature Place adds 6 condos to their St Petersburg auction

Signature Place pool and gardens

Signature Place pool and gardens

Signature Place has added 6 condominium units to those being auctioned on March 7th, bringing the total to 41 auction condos at Signature Place St Petersburg. The minimum bids are similar to the earlier offered units and add those in the middle and upper size ranges. The minimum bids on the additional units range from $215,000 for a 2 bedroom 2 bath unit with 1,018 sq ft to $405,000 for a 2 bedroom 2.5 bath unit with 2,319 sq ft.

Contact The SIMMS Team for additional information. We are in Signature Place several times a week, and sometimes several times a day. We have photographs of over 30 of the units so that you can see the floor finishes and cabinet selections as well as the views from the units.

You cannot just walk into the auction on March 7th. You must be preregistered.  Further,  if you want to retain your right to be represented (at no additional cost to you since the fee is paid by the Seller) be sure your agent is with you when you walk into the building and/or register.

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Signature Place – FAQ 2

Signature Place condo in St Petersburg Florida

Signature Place condo in St Petersburg Florida

The Signature Place auction on March 7th of 35 condos really has downtown St Petersburg buzzing. Whenever we’re showing the units to clients and prospective buyers we find the halls busy and the elevators constantly in motion.

A frequently asked question is:  “Is there a 10% buyer’s fee charged at the auction in addition to the purchase price?” No.  Although that is not unusual at an auction, at the Signature Place condo auction there is no buyer’s premium charged.

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