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Updated almost 5 years ago,
Questions Re: Auction Bids
Hi there! I'm brand new on BP, and new to everything -- RE investing, out-of-state investing, and BRRR. I am preparing to make an offer on an auction property in Ohio. It looks like I can make a bid in the online auction myself, or else I can have an agent represent me. I have a connection with an agent out there already, but the agent isn't as quick or as responsive as I'd prefer. I'm wondering what cons I might run into if I just make the bid online myself? Or is it worth trying to find a new agent ASAP and going through another person?
Also, more generally, the property is obviously sold as-is, and I can't do an inspection before bidding. Is this a terrible idea? I really love the comps, the area, and the bones, but what if there's some kind of major foundation issue? I'd love to hear from anyone who has experience in this area.
Thank you so much!
April