Austin Condos, Sabine on Fifth remaining Condominiums to be Auctioned...

On Sunday February 28th 27 luxury condos at the Sabine on Fifth will be auctioned.

The Sabine Condos in Austin...
Ideally located on Waller Creek in the heart of Austin’s entertainment district are 10 stories of
contemporary living among 27 chic condominium homes. Featuring one to two bedrooms and
one to two baths in up to 1,467 sq. ft., each Sabine on Fifth residence also features such sought-after details as stainless steel appliances, rich maple, espresso and cappucino cabinets, silestone countertops and sealed concrete flooring. As an added bonus, homeowners will be treated to a complimentary one-year membership to the Tower Health Club and Spa with their Sabine on Fifth purchase.

Inspiring the dreams of many is what the future holds for the Sabine on Fifth. The proposed Waller Creek Master Plan will encourage outdoor enthusiasts to enjoy pedestrian access and an open space system along Waller Creek, while the Sabine Street Promenade will ultimately attract residents and
visitors alike to an energized retail, entertainment, residential and hotel district.
Awaken your dream for a true Downtown lifestyle now within reach at the Sabine on Fifth.

HOME PREVIEW
The Auction Information Office will be open daily from
10 AM to 5 PM for your convenience.
Address: 507 Sabine Street, Unit 605
Austin, Texas 78701

AUCTION DAY
Sunday, February 28, 1 PM at the Hilton Austin
Downtown, 500 East 4th Street, Austin, Texas. The auction
will begin promptly at 1 PM and will last approximately
1 hour. Bidders are advised to arrive no later than
12 NOON.

“HOW TO BUY AT AUCTION” SEMINAR
On Sunday, February 21, at 2 PM, you are invited to attend
an informational seminar at the Sabine on Fifth Auction
Information Office. This free seminar will be especially
helpful if you have never bought a home at auction
before and a nice refresher for those who have. Join in
a live practice auction with our auctioneer, get your
questions answered and learn about:
• The Auction Process
• How to Register for the Auction
• How to Pre-qualify for Financing and Information About the Special Incentive for Seller-Arranged Financing
• Bidding Strategies
• Auction Terms and Conditions

CLOSING
All sales must close on or before Tuesday, April 13, 2010 (45 days after the auction), unless extended by the Seller in writing. All buyers will be required to pay customary closing costs including, but not limited to: escrow fees, recording fees, normal pro-rations, title fees, new loan fees, all documentary transfer or preparation fees and Homeowners Association Fees (if applicable). No contingent buyers will be allowed to purchase.

SELLER ARRANGED FINANCING ✸
The seller has arranged excellent loan programs through
Bank of America Home Loans or Colonial National Mortgage.
All bidders, including those using third party financing, are
required to be pre-qualified by the seller’s preferred lender.
For buyers who apply for financing provided by the preferred
lender, the sale will be contingent upon the buyer’s
ability to qualify for financing. If the buyer does not qualify,
his or her Good Faith/Earnest Money Deposit will be
returned, less any escrow/cancellation fee. Neither the seller
nor the auctioneer make any representation or warranty that
the prospective buyer of a home will qualify for purchase
financing from the seller-approved lender and/or third party
financing. Financing is subject to buyer’s credit approval and
completion of all loan documents and property appraisal.

✸ CLOSING INCENTIVE FOR SELLER-APPROVED
LENDER:
Buyers who obtain financing through Bank of America Home
Loans or Colonial National Mortgage and close escrow within
forty-five (45) calendar days of the auction will be credited
$3,000 toward non-recurring closing costs (based on lender
guidelines) by seller at the close of escrow.

FIRST-TIME HOMEBUYER CREDIT
A federal tax credit of up to $8,000 has been extended to
first-time homebuyers, who sign a purchase agreement by
April 30, 2010, and close escrow by June 30, 2010. For
complete details visit the Auction Information Office and
consult your tax advisor.

The Condos to be auctioned are below.

Auction #, Unit #, Beds & baths, Original Price and Auction Starting Price
1 303 C-HC 693 1 Bedroom / 1 Bath $234,900 $85,000
2 305 L 1462 2 Bedrooms / 2 Baths $409,900 $145,000
3 308 M 925 1 Bedroom / 1 Bath + Study $267,900 $95,000
4 401 A 1461 2 Bedrooms / 2 Baths $485,900 $165,000
5 409 I 918 1 Bedroom / 1 Bath + Study $259,900 $95,000
6 501 A 1461 2 Bedrooms / 2 Baths $485,900 $175,000
7 502 B 755 1 Bedroom / 1 Bath $239,900 $95,000
8 504 D 728 1 Bedroom / 1 Bath $249,900 $85,000
9 508 H 951 1 Bedroom / 1 Bath + Study $279,900 $95,000
10 510 J 682 1 Bedroom / 1 Bath $204,900 $85,000
11 605 E 1467 2 Bedrooms / 2 Baths $434,900 $155,000
12 610 J 682 1 Bedroom / 1 Bath $229,900 $85,000
13 703 C 695 1 Bedroom / 1 Bath $240,900 $95,000
14 704 D 728 1 Bedroom / 1 Bath $259,900 $85,000
15 707 G 1426 2 Bedrooms / 2 Baths $409,900 $135,000
16 801 A 1461 2 Bedrooms / 2 Baths $530,000 $185,000
17 802 B 755 1 Bedroom / 1 Bath $273,400 $105,000
18 805 E 1460 2 Bedrooms / 2 Baths $469,900 $165,000
19 808 H 951 1 Bedroom / 1 Bath + Study $311,900 $95,000
20 904 D 728 1 Bedroom / 1 Bath $263,900 $85,000
21 907 G 1426 2 Bedrooms / 2 Baths $434,900 $135,000
22 909 I 918 1 Bedroom / 1 Bath + Study $294,900 $95,000
23 910 J 682 1 Bedroom / 1 Bath $244,900 $85,000
24 1001 N 1419 2 Bedrooms / 2 Baths $550,000 $195,000
25 1004 D 728 1 Bedroom / 1 Bath $279,900 $95,000
26 1007 G 1426 2 Bedrooms / 2 Baths $437,900 $145,000
27 1008 H 951 1 Bedroom / 1 Bath + Study $324,900 $105,000

For more information please contact me:

Marcus Cox

512.921.3111

Auction Information Courtesy of: Sabine Condominiums and Kennedy Wilson Auction House