|
Real estate auction action - Buying a home at auction
Author: Jakob Jelling
Due in part to the popularity of the U. S. Department of Housing
and Urban Development (HUD)'s home auction program, more
potential homebuyers than ever are buying homes at auction.
Homes for auction aren't limited to just HUD, however. Many
government entities auction homes for payment of back taxes, and
some homeowners even auction their homes on eBay.com!
Homebuyers considering buying a home at auction should take some
steps in advance to help them with their bid price, and even
whether to bid at all on a specific home. There will always be a
degree of risk when buying a home this way, but with a little
diligence, potential homebuyers could save a lot of money buying
in this manner.
Before the auction, you should have your financing arranged, and
have enough cash on hand or in your bank account to cover a
deposit on your purchase. You need to check the features,
location, condition, and ownership history first. Afterwards, be
sure to learn what the property is worth by looking at sales of
comparable properties in the same area. Compare homes with the
same number of rooms is possible, but be sure to allow for price
differences due to pools, decks, carpeting, window treatments,
etc.
At the auction itself, resist the temptation to get into a
personal bidding war, just "to beat out the other guy". Have a
set price limit and stick to it. Other houses will come along,
and you don't have to win the first auction that comes your way.
You should know that the price of a home at auction is typically
the loan balance (if foreclosed), plus any back taxes owed, plus
legal fees and other expenses in foreclosing the property. This
will typically be the opening bid amount, and the price will go
up from there. Even so, it's possible to get a great deal in an
auctioned house, with a little research and planning first.
Also, know that you probably won't be able to get an inspection,
and are buying the home "as is". If you can't do any needed
repair work yourself, or can't hire it done within your budget,
you may not end up getting such a bargain in the end.
About the author:
Jakob Jelling is the founder of http://www.cashbazar.com. Visit
his website for the latest on personal finance, debt
elimination, budgeting, credit cards and real estate. |
houses for sheriff sale pgh | oklahoma sheriff sale | summit county sheriff sale | sheriff necklace and for sale | government auctions in southern california | government liquidator auction | pennsylvania government auction surplus | government seizure auction | bankruptcy government sales | government liquidation sales | british columbia government property auctions | musical instruments at government auctions | government tax auctions | government auction real estate | government surplus engines | government auctions in wa | virginia surplus property | sheriff sale hendricks county indiana | sheriff sale properties louisiana | government auctions uk | indiana sheriff property sales | sheriff sale homes | pinellas county & surplus property | nc surplus property | seized property goverment irs
|
Lots of federal car auctions resources. Click here if you are looking for federal car auctions...
federal car auctions
Government Car Auctions ... California Department of Corporations Joins Forces with State and Federal Agencies to Demolish Fraudulent Internet...
Government Car Auctions and more california used cars
...auctions, auto auctions little rock arcalifornia, federal government auto auctions online, orange county car auctions, siezed auto auctions...
Car Auctions California at Dealerautoauctions.Com
...over 700 Government & Public Auto Auctions Nationwide, click HERE. Buy. Bid on a car today !! ... Copyright© The Federal Window Inc., FedWin...
FedWin government auto auctions buy a used car at an auto auction...
Government Car Auctions - US Government Auctions - Government Surplus Auctions - Government Land Auctions - Auctions Government - Federal...
â–ºCar Auctions in California
...car auctions denver car auctions : car auctions edmonton free car auctions florida : federal car auctions
Site map - car auctions in california
...ohio | michigan car auctions | car auctions in new york | federal car auctions | virginia car auctions | virginia car auctions | car auctions...
car auctions california
FedWin government auctions buy a used car at an auto auction today - hundreds of used cars for sale every month.
FedWin government auto auctions buy a used car at an auto auction...
Government Car Auctions ... Federal law is designed to ensure a consistent fuel economy program across the country.
Government Car Auctions and more california used car
Police Auctions, On Line Auctions, House Auctions ... ... Auto Auctions, Car Auctions ... Philadelphia | Car Part | Federal | Local...
Auction California Car Police
|
