Lake Front Community attracts overseas bidders

Saturday May 24th saw Thompson Carr Auctions at a lakeside venue selling lake front lots to the highest bidder. Thompson Carr Auctions, who were announced as the largest Auction Company in East Tennessee a few weeks ago seem to have captured the market for auctions channeled towards international buyers. In the current Real Estate climate finding bidders from overseas is important for the sellers of Real Estate. Dale Carr one half of the Thompson Carr team stated after the auction on Saturday, "In the current market we have to expland our ideas and sphere of influence to include new ideas for getting the word out about our auctions. Overseas buyers are a particularly untapped market and Europeans, especially with the exchange rate, are excited about buying property for vacations, second homes, investment or retirement spots." Thompson Carr are moving away from traditional advertising for auctions and moving towards holding auctions online and marketing to a broader spectrum of the public through internet advertsing.

Saturday's auction saw bidders from as far away as Florida and Arizona and Great Britain and Spain. An auction needs to satisfy both buyers and sellers, Thompson Carr Auctions appears to have found that happy balance. Location is everything in Real Estate and Thompson Carr certainly have the perfect location being minutes, literally, from the second most visited National Park in The States makes Sevier County and The Great Smoky Mountains National Park and investors dream.