This month, we’re putting our Spotlight On John Dixon, Founder and Chief Executive Officer of John Dixon & Associates. With more than 30 years experience in the auction business, John has worked with all real estate property types and is now handling numerous auctions with financial institutions. We spoke to John on several topics including today’s market in relation to bank-owned properties, the success of online auction bidding, and what’s ahead for 2012.

PA: How would you describe your organization (i.e., specialties, longevity, experience, etc.)?

JD: We are strictly real estate auctioneers. If we run across equipment that somebody wants to sell along with their land, we will affiliate with someone to sell that equipment. Eighty percent of our business these days is for financial institutions – either general banks or directly for FDIC. I would say with the market we’re in now, we’re institutional real estate auctioneers.

PA:   Your website states that you’ve been exclusively in the auction industry for the past 30 years. Have you seen a pattern in auction cycles over the years, and in light of the tumultuous market now, how do you think the past few years have been different in the auction business? Read the rest of this entry »