Foreclosure in San Marcos, TX

[Henry L.]

Hello BP!

Is anyone in the San Marcos area?  What are your thoughts for the current market there?  I heard it's a seller's market, as there is very little inventory right now.

Has anyone in the San Marcos area checked out this foreclosure:

https://www.auction.com/texas/residential-auction-...

Says you must buy the place as-is, so you probably can't see what's inside.

I assume there will be lots of bidders on this.  Since the auction is at the court house, does that I mean I have to be there, or how can I find out if they allow for proxies?  I am out of state, so it would be easier if they allowed proxies.

Thanks!

[Robyn J.]

I know SM fairly well. My daughter graduated a few years back from the university. I would say most of Texas is a sellers market. SM & area around it is growing like crazy. Yes regarding auction.com you buy as-is. If the property is worth bidding on auction.com will drive the price up over the potential value. Not always but happens a lot. If your really interested in the property I would contact some REO agents in SM & see if you can hire anyone to attend auction for you. You will of course have to have all your funds ready & sent to agent.