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Updated over 11 years ago on . Most recent reply

User Stats

148
Posts
34
Votes
Mitchell L.
  • Residential Real Estate Broker
  • Dania, FL
34
Votes |
148
Posts

Thoughts on this Foreclosure Auction Website?

Mitchell L.
  • Residential Real Estate Broker
  • Dania, FL
Posted

Im looking to purchase condo properties via Auction..What is the experienced investors thoughts on this website: http://www.browardhomeauctions.com/

As a relatively new investor, what should I take into consideration before going this route?

Thank you all for your help!!

Most Popular Reply

User Stats

639
Posts
176
Votes
David T.
  • Specialist
  • Las Vegas, NV
176
Votes |
639
Posts
David T.
  • Specialist
  • Las Vegas, NV
Replied

My experience of buying condos through auction is that it can be a risky process especially if you are not allowed inspect the interior of the property before you bid.

All the insurance in the world cannot compensate for poor diligence. Your access or lack thereof to inspect the property has to be reflected in your maximum bid amount.

God luck with your deals!

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