|
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. |
surplus properties | free listings of government auctions | government crane auction | u.s. government property auctions | government motocycle auction | government auto auction chattanooga tennessee | government surplus generators | florida government auction | government auction property | mississippi government auction | canada government auctions | sauk county sheriff sale | ohio sheriff sale miami country | philadelphia sheriff sale | geauga county sheriff sale | sheriff foreclosure sale | york county sheriff sale | grayson county sheriff sale | illinois government auctions | lawrence county, pa sheriff sale | sheriff sale on house | sheriff sale westmoreland county | chester county sheriff sales | government surplus .org | government police auctions 2005 suv
|
Federal Government Auctions & Foreclosures! Do you want to buy a home, car, computer, furniture or other ... - Listing of Federal Financing...
FEDERAL GOVERNMENT AUCTIONS AND FORECLOSURES
FEDERAL AUCTIONS: Over 960 Source Government Auction Guide. BILLIONS OF DOLLARS WORTH OF ASSETS SOLD ANNUALLY Read about it.
Government Auctions live bid auctions buy houses cars jeeps
...trustee government listing . VA loan ... Find tax lien certificate and government tax liens online.Federal tax liens and sales online...
::New york Free-source for Real Estate Foreclosures,Tax Sales,Tax
Clothing, Tools and Other Merchandise & Property From Federal Government Auctions & Foreclosure Sales! ... Listing of Federal Financing Programs...
Government Auctions; federal, auctions, foreclosures, seized,
Government Auctions: Comprehensive auctions database listing thousands of Live and Online Government Auctions in the U.S. and Canada by...
Government Auctions Guide - Government Auctions & Police Auctions
Clothing, Tools and Other Merchandise & Property From Federal Government Auctions & Foreclosure Sales! ... Listing of Federal Financing Programs...
Government Auctions; federal, auctions, foreclosures, seized,...
Government Auctions. Comprehensive auctions guide listing thousands of live and online Government Auctions in ... government auction federal...
Federal Government Auctions - cars - boats - foreclosed property -...
...above for an up-to-date listing of when these incredible auctions will be held in your area. Property From Federal Government Auctions property...
Property From Federal Government Auctions
...federal government auto auctions ... NOTE: Please contact us right away if you'd like to make any changes to your listing. Home | Index...
Federal Government Auto Auctions
Federal and State Government Auctions, Bids, and Sales ... State of Nevada: Personal Property Management Program Available Vehicle Listing State of...
Federal and State Government Auctions, Bids, and Sales
|
