Updated about 6 years ago on . Most recent reply
Newbie Going To First Foreclosure Auction
Im a total newbie going to a foreclosure auction in Dallas and Collin county in Texas next month with my business partner. We are going to evaluate and research what happens at foreclosure auctions and learn how many people are playing in this field in our market. We have purchased a list and are scrubbing and evaluating what we would offer on the homes to compare to what they are auctioned for.
My question, any advice or things you would share with someone who is preparing to go to their first foreclosure auction? Thank you for all advice and wisdom sharing
Most Popular Reply
I'm in your area. Been to a few of these. Super competitive, deals are as thin as on the MLS and, in my opinion, way riskier. Prices I saw properties going for had me scratching my head. There's probably a deal or two out there to be had, but there are easier ways of finding them. Just my two cents.