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Updated about 8 years ago,

User Stats

23
Posts
4
Votes
Amy Xu
  • Rental Property Investor
  • Stafford, VA
4
Votes |
23
Posts

Auction for Property Seized by Marshals Service what to ask

Amy Xu
  • Rental Property Investor
  • Stafford, VA
Posted

Hello I am considering putting a bid for an auction property on Williamsauction.com. This will be my first time purchasing through an auction. The property was seized by the US Marshals Service. Does anyone have any advice on what I should be looking out for other than searching for liens on the property? Are there any special requirements when you buy from the US Marshals Service other than pay with cash? Based on the pictures of the house it will need a lot of rehab (no kitchen cabinets, no appliances, missing tubs, sinks, toilets). I plan to call a realtor tomorrow to see the house and get a rehab estimate. The starting bid is $5K which will probably go up significantly as the auction period draws to an end. Homes in this particular neighborhood sell for $89K-$120K.

Thanks!!

Amy

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