Real Estate Agent Optimistic about Diocese Auction, Gallup Independent, July 10, 2015

Real Estate Agent Optimistic about Diocese Auction

Gallup Independent
July 10, 2015

http://gallupindependent.com/

Tucson businessman George H. “Hank” Amos III is optimistic his company will be able to replicate for the Diocese of Gallup what it was able to do for the Diocese of Tucson a decade ago.

And for Amos that means auctioning off every piece of excess real property and getting good prices with each sale.

Amos, the CEO and president of Tucson Realty & Trust Co., has been authorized by the U.S. Bankruptcy Court, along with Todd Good, the CEO and president of Accelerated Marketing Group, to conduct the marketing and auction of excess real property owned by the Gallup Diocese.

The auction is part of the diocese’s effort to raise money to help fund its Chapter 11 plan of reorganization.

Amos said Monday that he and Good were successful in selling all of the Diocese of Tucson’s excess property, including a number of land parcels that Amos described as out in the “middle of nowhere.”

“We sold every single one,” he said, adding, “They sold their properties for more than what they appraised for.”

Amos credited those unexpected sales and high prices to supporters of the diocese who purchased the properties. “A lot of people wanted to help the church out,” Amos said, adding that he assumes the same thing will happen with the Diocese of Gallup sales.

“It’s definitely the best way to dispose of these properties,” Amos said, explaining if the diocese tried to sell the land through traditional real estate methods, it would take years to sell all the properties.

According to Amos, there are currently 19 land parcels in Arizona on the auction list and 101 parcels in New Mexico. The Arizona parcels are slated to be auctioned in Phoenix on Sept. 12, he said, and the New Mexico parcels are scheduled to be auctioned in Albuquerque on Sept. 19.

Amos said he and Good plan to market the properties locally, regionally and nationally. They also plan to physically visit each property prior to the auctions, he said, as part of their marketing research.