Auctioned properties needing some rehab can sometimes get you 1.25 - 1.5 % on the high end, but the worthwhile deals are rare and typically snatched up quick or bid up too high.
Not exact matches
We're happy to partner with clients who
need hard money loans to purchase an REO, foreclosed home,
property at
auction, bank - owned
property,
property at short sale, fix - and - flip
property or distressed
property.
As such, the intermediary may
need to acquire the replacement
property by actually bidding in the
auction and taking title to the foreclosed
property.
«The
property will be sold to the highest bidder, regardless of price so every hotel investor that has any interest in buying a quality hotel
property at
auction needs to be at this
auction,» said Karbelk.
From tenancy agreements and deposits, to advice on buying
property at
auction, simply visit our dedicated Conveyancing page to find all the guidance and support you
need.
The LPS may be to seize the
property, if so, you'll
need to wait, the agency involved will have it
auctioned off most likely.
Geffen says that realistic expectations and real estate agency selection are especially vital when the bulk of a seller's capital is tied up in the
property and debtors are insisting on settlement, one might
need to try another sales strategy such as the
auction platform for a faster way to the market and subsequent sale.
Also you
need cash; you
need cash to pay for the
auction & be prepare to spend $ 17 - 85K rehab on foreclosed
properties, quiet title..
And the reason I say dozens is because you will
need to research close to 100
properties before you actually score a winning bid at the
auction.
Auction.com has a good amount of info available incl
auction date, location etc. you still
need to dig for unpaid taxes and any liens against the
property.
Trustee sale buyers don't get inside to look at he foreclosure
properties they buy at
auction and they at higher prices than I do so I figure I don't
need to see inside either.
However if you are looking for a
property to renovate, an
auction is an excellent way to buy a
property that may
need a «little TLC».
The
property only
needs to be advertised in the county paper of record for 4 weeks before the
auction.
A: You'll find investment
properties on this site discounted 20 - 50 % because of our proprietary marketing systems that get in touch with home owners who are
needing to sell their
property + we buy at foreclosure
auctions and from banks.
If you're looking at fixer upper
properties that require a lot of TLC — especially foreclosures, short sales, or
auctions — you
need to be honest with yourself about your abilities.
Competence
needed to help clients through the full process of selling a
property using
auctions.
As a branch of the Girio Family Businesses, Real Estate Excel best serves the
needs of its diverse clientele with services not only in residential sales, but commercial sales,
property management, and real estate
auctions.
«Of course, the
auction rooms are also great places to find
property bargains but because you're legally committed to buy once you've placed the winning bid, you do
need to know what you're getting in to.»