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Updated over 2 years ago on . Most recent reply

User Stats

5
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2
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Daniel D.
2
Votes |
5
Posts

Bidding on auction homes

Daniel D.
Posted

I'm finding it hard to find deals through MLS and Zillow these days. I've been looking on sites such as auction.com and I'm thinking about getting into the auction game. I'd like properties that are vacant, just seems like less of a headache. What is the process with these auctions in terms of paperwork etc? Does it get confusing from that perspective or not bad? Do a lot of the properties at auction sell for a lot less than they should retail for? Why do some properties not go to auction, is it because someone scoops them up with a good offer before it gets that far? Is there any issue with selling the house at a later point because it is seen as a foreclosure?

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