Will Auctions Be The Preferred Way To Sell Luxury Condos In Miami's Oversupplied Market In 2021?

In Episode 42, expert Peter Zalewski of Condo Vultures interviews Lamar Fisher - president and CEO of Fisher Auction Co. - about the need for auctioneers in South Florida as buyers bid up prices on single-family houses and condo sellers search for buyers to purchase units in Miami’s oversupplied market.  In Segment 1, Fisher discusses his roots in South Florida that date back to the beginning of the 20th Century. Fisher - who is a Broward County Commissioner and the former mayor of Pompano Beach - reflects on his family’s involvement in the public sector dating back a century. Fisher also provides an overview of the auction process,  In Segment 2, Fisher talks about some of his most highly publicized auctions, including Gianni Versace’s former South Beach mansion, the former Miami Arena and the sale of assets from the convicted Ponzi-schemer Scott Rothstein who operated a $1.2 billion fraud a decade ago in Downtown Fort Lauderdale. Fisher also discusses the challenges facing South Florida's various municipalities given the slowdown in the real estate market and the tourist industry.  In Segment 3, Fisher provides insight into what he and other business leaders are anticipating for 2021 based on previous economic downturns in South Florida..  To send a comment, please email the podcast at [email protected]     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.