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Updated about 4 years ago,

User Stats

26
Posts
2
Votes
Mike Bell
  • Martinsburg, WV
2
Votes |
26
Posts

Public auction research

Mike Bell
  • Martinsburg, WV
Posted

A house has came up on a local auctioneers page that I am interested in purchasing. There is an open house so I will be attending to check out the condition of the home. It requires a 10 percent down on sale day which I don't have a problem with, however it is non refundable in the event that I am unable to close. My max price on the house will be 30 percent less than what I'm approved for as well as what I feel the home would be worth on the MLS. my question is, would it be worth it to have a title examination done prior to the sale to ensure no unknown liens are on the property ? Aside from gettin a pre approval letter from my lender what other homework should I do before sale day ? Thank you for your time. Also, I'm in West Virginia if anyone has purchased homes from public auction that's not a foreclosure here and knows anything about the process.

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