


|
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. |
canada, government surplus | auction columbus government ohio | arkansas state surplus property | government surplus rifle sales | government auction uk military | government auctions in california | queensland government auctions + cars | pinal county government tax sales | government disposal auctions | michigan government sales tax | arizona surplus property sales | kentucky surplus property | missouri surplus property disposal | nc state surplus property | recording government sales tax | state of montana surplus property | memphis surplus properties | nys government auctions | french government auctions | illinois government surplus computer supplies | auction california government land | south carolinal government auctions | carroll county government land sales | government art auctions | free government repo auctions
|
Government Surplus Military Vehicle Auctions Kaiser Jeep Corp.
Government Surplus Military Vehicle Auctions
Categorized links to government vehicle auction sites and quality sites with tons of government vehicle auction.
Site map - government vehicle auction
...government vehicle auction. For each cover, shake of the stingy hare, heavy as of important forsake as psychoanalysts.
government vehicle auction - jaktor carauction
Government Vehicle Auction - Bargins from Government repossessed vehicles...
Government Vehicle Auction
Government vehicle auction information including sales schedule, geographical and model search.
U.S. Government Vehicle Sales
Categorized links to saskatchewan government vehicle auction sites and quality sites with tons of saskatchewan...
Site map - saskatchewan government vehicle auction
...managed to bought a 2002 Acura CL 3.2 Type-S w/Navigation with a purchase price of $7,000 at one of the Government Repossessed Vehicle auction.
Buy Your Next Car for Up to 90% Off the Retail Value at Various...
Government Vehicle Auction. REDDING (April 22) -The community is invited to attend a public auction at the Shasta County District Fairgrounds in...
Shasta-Trinity National Forest - Government Vehicle Auction
Government Vehicle Auction Willows, April 14, 2004 - The public is invited to attend an oral auction at the Shasta District Fairgrounds in Anderson...
Mendocino National Forest - News Release
...saskatchewan government vehicle auction - Nothing but links to best black girls who fuck latina sites - The Official black panther party Links...
saskatchewan government vehicle auction - SIC!
|