|
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. |
government auctions philadephia | government sales manager + thailand | seized government auctions | auction ny properties surplus | government auction site | buying in government auctions | sheriff sales doylestown pa | sheriff sales in new jersey | sheriff sales in columbiana county | sheriff sale washington pa | sheriff sales and excess proceeds | sheriff sale advice | sheriff sale cincinnati | sheriff sale questions | sheriff sale pa | sheriff sale lancaster pa | dallas county sheriff sale | danny shouse sheriff sale | government surplus license | sheriff sale notices nj | sheriff sale homes in ga | sheriff sale digby nova scotia | sheriff sale delaware co oklahoma | government auctions .com | auction surplus property police
|
Forest Home. About Us. Contact Us ... Meaningful Measures is a national Forest Service computer software for ... claims on Federal...
Rogue River - Siskiyou National Forest - Projects & Plans
FOREST SURPLUS PROPERTY SALE Notice Date. November 6, 2001 Contracting Office. USDA Forest Service ... Specialist, (gnyburg@fs.fed.us)
MSC: CHUGACH NATIONAL FOREST SURPLUS PROPERTY SALE (11/08/01)
Appraisal: Crown Butte property worth $69 million ... Forest Service Resignations are a Call from the Wild ... US F&WS Mexican Wolf Recovery...
Forest Service May 1998 Regional Breaking News
United States Department of Agriculture Forest Service Colville National Forest ... US Fish and Wildlife Service. Counties Affected...
Colville National Forest - USDA Forest Service
Center Source Guide IAFC Contact Us ... that the Department of Defense and U.S. Forest Service are expected to ... the Federal Excess Surplus...
Changes imminent for excess property
Surplus Property Sale -- May 11, 2004 April. Forest Service Sponsors Stewardship Contracting Workshop ... fs.fed.us. USDA Forest Service -
Umpqua National Forest - Newsroom
Forest Service Legislation in the 106th Congress June 1999 ... of 1999 - A bill to safeguard communities, lives, and property from catastrophic...
Forest Service Legislation in the Congress
PUBLIC NOTICE. UMPQUA NATIONAL FOREST SURPLUS PROPERTY SALE ... rmconnor@fs.fed.us...
Sale items may be as follows: office furniture, chairs, drafting
Forest Home. About Us. Contact Us ... News Release USDA Forest Service Modoc National Forest ... Modoc National Forest Surplus Property...
Modoc National Forest - Newsroom
SHERIFF/ TREASURER D. Request Approval of Cooperative Agreement with US Forest Service- Sheriff ... the two monitors as surplus property with no...
A G E N D A
|
