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Updated about 4 years ago on . Most recent reply

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Katrina Morozov
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Advice for Foreclosure Auction Bidding

Katrina Morozov
Posted

Hi, I am brand new to investing and I'm looking to finally bid on a foreclosure sale coming up in my county in Florida- everything is online. I finally found a SFR that is within my parameters (been doing a lot of planning/ prep) and confirmed that theres no outstanding lien/ title issues, but I can't figure out my max bid offer. I know its a bit of art rather than science here, but Zillow/ Realtor.com, etc. fluctuate in estimates by almost $60k... I can't go see the property and its hard to check out from the street. How can i estimate what repair costs should be or a time frame?

Honestly, having a hard time even figuring out if it's vacant or not. Any recommendations how to approach this?

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