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Real Estate Auction Action - Buying A Home At Auction
Due in part to the popularity of the U. S. Department of Housing and Urban Development (HUD)'s home auction program, more potential homebuyers than ever are buying homes at auction. Homes for auction aren't limited to just HUD, however. Many government entities auction homes for payment of back taxes, and some homeowners even auction their homes on eBay.com! Homebuyers considering buying a home at auction should take some steps in advance to help them with their bid price, and even whether to bid at all on a specific home. There will always be a degree of risk when buying a home this way, but with a little diligence, potential homebuyers could save a lot of money buying in this manner. Before the auction, you should have your financing arranged, and have enough cash on hand or in your bank account to cover a deposit on your purchase. You need to check the features, location, condition, and ownership history first. Afterwards, be sure to learn what the property is worth by looking at sales of comparable properties in the same area. Compare homes with the same number of rooms is possible, but be sure to allow for price differences due to pools, decks, carpeting, window treatments, etc. At the auction itself, resist the temptation to get into a personal bidding war, just "to beat out the other guy". Have a set price limit and stick to it. Other houses will come along, and you don't have to win the first auction that comes your way. You should know that the price of a home at auction is typically the loan balance (if foreclosed), plus any back taxes owed, plus legal fees and other expenses in foreclosing the property. This will typically be the opening bid amount, and the price will go up from there. Even so, it's possible to get a great deal in an auctioned house, with a little research and planning first. Also, know that you probably won't be able to get an inspection, and are buying the home "as is". If you can't do any needed repair work yourself, or can't hire it done within your budget, you may not end up getting such a bargain in the end. About The Author Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate.
MORE RESOURCES: From the sublime to the ridiculous: 13 unusual objects to be sold at auction in 2018 CNN Whether you're buying, selling or merely watching the drama unfold, a blockbuster auction is a thrilling thing. Here are some of the most unusual items to cross ... Price guarantees are common at art auctions The Economist LADIES AND gentlemen”—the auctioneer scans the room one last time—“the Hockney is sold!” The hammer comes down at $90.3m (including fees). Last month ... State holds unclaimed property auction ABC15 Arizona Unclaimed property turned over to the state will be on display for potential buyers this weekend. Ex-Judas Priest Guitarist K.K. Downing’s Guitar Auctions for $189,000 Rolling Stone Former Judas Priest guitarist K.K. Downing's 1967 Flying V has sold in a London auction for approximately $189,000, as Blabbermouth notes. It was on of 11 of ... Activision forced Al Lowe to cancel his Leisure Suit Larry source code auctions PC Gamer Leisure Suit Larry creator Al Lowe put a number of interesting artifacts from his Sierra days up for auction a couple of weeks ago, including the source code for ... Mexico cancels bidding on two oil and gas auctions Chron The Mexican government has cancelled bidding on two auctions that would have allowed hydraulic fracturing in the border state of Tamaulipas and brought ... Best Picture Oscar From 1947 Sells for Nearly $500K at Auction Hollywood Reporter One Academy Award trophy sold for nearly $500000 and the second for well over $200000 in a rare auction of Oscars that ended Friday in Los Angeles. Looking for land? DNR auctions surplus property today WLNS LANSING, Mich (WLNS) - The Michigan Department of Natural Resources will hold a sealed bid auction for 81 pieces of land in both the Upper and Lower ... Feds hold biggest Utah oil and gas auction in years, setting off heightened concerns from environmentalists Salt Lake Tribune The Trump administration's “energy dominance” agenda reasserted itself in Utah on Tuesday with yet another near-record oil and gas lease auction that offered ... Kingston PD auctions off military hummer WVLT.TV Looking for a cool Christmas present? The Kingston Police Department may have just the thing for you--a military hummer. Auction of wind parcels off Mass. coast draws record $405M in bids The Patriot Ledger BOSTON — A lease auction of about 600 square miles acres off the coast of Massachusetts for the development of offshore wind energy has drawn a record ... Knoxville's Whimsical Villa Vista Estate Auctions On December 8 Forbes Villa Vista, one of Tennessee's largest estates, comes to auction on December 8th, courtesy of Elite Auctions. The sprawling 1.15-acre property in Bridgemore ... Trump Auctions Off 150,000 Acres of Public Lands for Fracking Near Utah National Parks EcoWatch On Tuesday the Trump administration offered more than 150000 acres of public lands for fossil-fuel extraction near some of Utah's most iconic landscapes, ... The Machine That Drives the Auction World The New York Times A blockbuster week of sales backed by third-party guarantees reassures the art world that the market is humming, if not booming. Baltimore dirt bike rider Chino Braxton auctions custom bike to benefit local STEM program B-360 Baltimore Sun Baltimore dirt biker Pacino "Chino" Braxton is auctioning off his custom bike to benefit local program B-360, which aims to educate and attract more students of ... Police to Auction Off an Inmate’s Designer Sneakers The New York Times The police in Gloucestershire, England, will use the proceeds from the sale of 55 pairs of shoes to fund crime prevention initiatives. Florida Home Once Listed For $159 Million Finally Sells At Auction Forbes Florida's Playa Vista Isle had an asking price of $159000000 and just sold at auction for the highest auction price on record in the U.S.. Items owned by Yankee legend Babe Ruth going up for auction TriStateHomepage.com (WABC) - Several items that once belonged to New York Yankees legend Babe Ruth will be going up for auction. Blue Diamonds Take the Spotlight at Holiday Auctions Barron's Sotheby's and Christie's will auction a strong collection of rare and important gemstones in New York just in time for the holidays, with both featuring a blue ... Arizona Department of Revenue's unclaimed property auction set to kick off on Friday FOX 10 News Phoenix The Arizona Department of Revenue is gearing up for its annual unclaimed property auction, and there's thousands of unique items up for bid this year. FOX 10's ... No buyers at Newport auction of 3 impounded boats, which now will make their final cruises to the scrapyard Los Angeles Times Newport Beach tried to auction a trio of uncommonly large impounded vessels this week that, despite their abundant character, got no bids. Winton Woods Riding Center horse auction raises eyebrows Cincinnati.com A sealed bid auction by Winton Woods Riding Center is attracting both interest and criticism. Threadgill's World Headquarters Auctions Memorabilia Spectrum News AUSTIN, Texas — Hundreds of people attended Threadgill's World Headquarters auction Saturday, hoping to take home a piece of Austin history. Hundreds ... Multimillion Dollar Bay Area Estate Heads to Auction Block To Lure Chinese Buyers CBS San Francisco WOODSIDE (KPIX 5) – After 7 years of going on and off the market, a multi-million dollar estate in Woodside is going up for auction, ready for an international ... Mexico oil auctions scrapped as leftist government flexes muscles Reuters MEXICO CITY (Reuters) - Mexico's energy regulator on Tuesday canceled two oil field auctions scheduled for February, after the new leftist government said it ... TVs, fireplace, appliances available at Lock it Up Storage Auctions on Dec. 14 Richland Source Lock it up storage will offer the following at public auction on Friday, Dec. 14 as a direct result of non-payment of their account. The undersigned has been ... Mexico cancels oil auctions under new president FRANCE 24 Mexico City (AFP). Mexico's energy regulator said Tuesday it was canceling its remaining oil block auctions for private firms, the centerpiece of the country's ... Threadgill's auctions off memorabilia with years worth of memories KXAN.com AUSTIN (KXAN) — Back when Congress Avenue was a barley-paved, two lane road, Threadgill's was becoming a place to play the guitar for anyone who would ... Pearl Harbor museum auctions adventures AOPA Pilot December 5, 2018 By Jim Moore. A helicopter journey from Seattle to Oshkosh, Wisconsin, for EAA AirVenture and upset recovery training in jets are among the ... First Friday in Carbondale tonight is full of holiday events, auctions Aspen Times Holiday tradition will fill Friday night as Carbondale hosts multiple events for its monthly First Fridays celebration. Activities will get under way with a special visit ... Car used by LeBron James as high school senior going to auction ESPN The 2003 Hummer H2 used by LeBron James as a high school senior will hit the auction block and is expected to fetch over $100000. The Car Auctions Are Getting Into the Era of Rad Jalopnik Look out, Bring A Trailer: there's a new (well, old) kid on the block ready to sell the over-moneyed masses their next pristinely kept Nissan 300ZX. RM Sotheby's ... A bunch of Michigan land is going to auction, including a spot in Highland Hometownlife.com The auction also includes a couple of parcels in metro Detroit, in Oakland and Livingston counties. Zero Bids on Uptown Theatre in Final Days of Auction businessjournaldaily.com YOUNGSTOWN, Ohio -- With just two days left on the auction of the former Uptown Theatre, auctioneers are still waiting for the first bid. Last minute donation saves Chicago church from auction Fox News A 120-year-old Chicago church was saved from auction after a midnight call from a group of donors, which one church official said was "a Christmas miracle." Mexico to cancel February auctions for oil, gas blocks including first shale areas: energy secretary Reuters MEXICO CITY (Reuters) - Mexico's energy secretary Rocio Nahle said on Saturday that President Andres Manuel Lopez Obrador's newly installed ... Bring home a piece of the Peabody; museum holding online auctions Yale News The Yale Peabody Museum of Natural History is preparing to undergo a comprehensive renovation. In preparation for that transformation, the museum will hold ... Archaeology Sotheby's auctions off ancient Egyptian artifacts Al-Monitor At its Ancient Sculpture & Works of Art event on Dec. 4 in London, Sotheby's auctioned off 59 antiquities. The vast majority of these antiquities were ... Sharon Tate's wedding dress sells at auction for $56,000 CNN An anonymous buyer has bagged a ghoulish piece of movie memorabilia after winning an auction for actor Sharon Tate's wedding dress. Tate was murdered by ... Wheels: How dealer-only auctions work Conway Daily Sun The common assumption among consumers of used cars is that dealers get inventory from wholesale auctions, and that's frequently true. Wholesale, dealer-only ... A photo of Hitler posing with a girl of Jewish heritage auctions for $11,520 CNN This photograph of Adolf Hitler embracing a young Jewish girl who he called his "sweetheart" sold for $11520 this week. Sotheby's Magnificent Jewels Auction, Featuring Sinatra and Rockefeller Gems, Reaps $46.4 Million Forbes When jewels from big names such as Frank and Barbara Sinatra and Nelson and Happy Rockefeller come up for sale at auction, big things happen. Today's NY ... EBTH auctions off historic Reds memorabilia: PHOTOS Cincinnati Business Courier Cincinnati online estate sale auction house Everything but the House is giving the public a chance to own pieces of Reds history. Online auctions key to wholesalers' future Automotive News Online auctions and the digital tools that accompany them are key to vehicle wholesalers' futures. Mexico Postpones Clean-Energy Auction Wall Street Journal MEXICO CITY—The Mexican government on Tuesday suspended a planned auction of long-term clean-energy contracts as the new administration of President ... First issue of Macworld signed by Steve Jobs fetches $47,775 at auction AppleInsider A copy of the first issue of Macworld bearing the rare signature of Apple co-founder Steve Jobs has sold at auction, with the item far exceeding its estimate and ... Coins, silver and baseball cards up for ADOR auction on Friday KTAR.com The Arizona Department of Revenue will hold a public auction Friday of unclaimed property from safe deposit boxes. How record-setting art auctions are ruining the old neighborhood The Washington Post Art critics generally hate it when an auction house sets a record. Thursday, at Christie's in New York, a painting by David Hockney fetched more than $90 million ... 10-Year TIPS Auctions At 1.109%, Highest In Nearly 8 Years Seeking Alpha The last time a 9- to 10-year TIPS auctioned with a real yield above 1.00% was on January 20, 2011, at 1.17%. Buyers got this TIPS at a substantial discount ... J.M. Davis Museum guns up for auction at Heritage Auctions on Dec. 9 Tulsa World About 140 collectible firearms from the J.M. Davis Museum are up for bid now through a Dec. 9 live auction date at the Heritage Auctions web site. City of Springfield reveals it won Sonrise Donuts sign auction The State Journal-Register The anonymous Springfield-based group that won an online auction this week for the historic Sonrise Donuts sign?The city of Springfield.The Springfield's ... EBTH auctions off historic Reds memorabilia WKRC TV Cincinnati CINCINNATI (Cincinnati Business Courier) - Cincinnati online estate sale auction house Everything but the House is giving the public a chance to own pieces of ... Bob Bolus Trucking Equipment on the Auction Block WNEP Scranton/Wilkes-Barre PITTSTON TOWNSHIP, Pa. -- Businessman Bob Bolus is closing his truck parts and towing company in Lackawanna County. He held an auction Friday to sell ... Man auctions daughter as child bride on Facebook, gets 500 cows, 3 cars, $10,000 WSPA.com A humanitarian organization is outraged after a man in South Sudan used Facebook to auction off his daughter as a child bride. Christie’s Nets HK$2.75 Billion in Hong Kong Fall Auctions Barron's Su Shi's masterpiece 'Wood and Rock' sells for HK$464 million. U.S. Marshals auction off millions worth of seized items PIX11 New York MIDTOWN — When white-collar crimes take place, and millions of dollars in assets are seized, where do they go? The U.S. Marshals placed many of those ... Fine art, furniture highlight Marion Antique Auctions sale SouthCoastToday.com Marion Antique Auctions will offer more than 500 lots of eclectic estate items at its annual Thanksgiving weekend auction.Some of the more important objects ... Family auctions off child bride on Facebook CNN Facebook is facing backlash after the social network was used by a family in South Sudan to auction off a child bride, even though it is illegal in South Sudan to ... Bid to play catch with Lorenzen among auctions MLB.com LAS VEGAS -- A charitable tradition during the Winter Meetings will continue this week, with the Reds offering once-in-a-lifetime types of experiences that fans ... Bison Industry Faces Softer Market; Bar 33 Holds Auction to Help myndnow.com The bison industry has taken a bit of a dip. Even with a soft market, the Bar 33 auction was still held today in Selfridge. Our Malique Rankin has the exclusive ... A bunch of Michigan land is going to auction: How to bid Detroit Free Press The auction also includes a couple of parcels in metro Detroit, in Oakland and Livingston counties. Heritage Auctions' Beverly Hills US Coins Signature Auction: Lots You Need to Know CoinWeek By Charles Morgan and Hubert Walker for CoinWeek ….. On December 13 and 14, Heritage Auctions will conduct their last U.S. Coins Signature Auction of the ... Yager auction draws a crowd | Local News Effingham Daily News EFFINGHAM — An array of sports and celebrity memorabilia caught the eye of one bidder at the Mike and Laurie Yager Estate Downsizing Auction on Friday. Radio auction benefits Operation Santa Claus | State Olean Times Herald QUEENSBURY — WCKM radio's Morning Club with Dan Miner and Pete Cloutier began hosting its 20th annual Morning Club Celebrity Auction to benefit ... Cboe Europe Defends Periodic Auctions Markets Media Mark Hemsley, president of Cboe Europe, said volumes have grown in periodic auctions because trades have lower market impact as European regulators have ... Dakota County soon may auction a Mississippi River island in Inver Grove Heights Star Tribune If you're interested in having your own island in the Mississippi River, Dakota County might just have a deal for you. The county next month may put up for ... Einstein's religious views on display at 2 New York auctions Minneapolis Star Tribune NEW YORK — Did Albert Einstein believe in God? The famous physicist was constantly questioned about his religious beliefs during his lifetime. Two Einstein ... Mark Glen Auctions to host comprehensive restaurant auction Pacific Business News (Honolulu) The owners of Loulen's Restaurant in Kalihi are holding a comprehensive auction of their restaurant equipment on Saturday. Mark Glen Auctions is handling the ... Sears Home Improvement auction canceled due to lack of bids Chicago Business Journal A planned auction of Sears Holdings Inc.'s home improvement business unit has been canceled because the retailer didn't receive any qualified bids other than ... Bob Bolus Holding Retirement Auction in Luzerne County WNEP Scranton/Wilkes-Barre PITTSTON TOWNSHIP, Pa. -- A controversial Scranton businessman is getting out of the trucking business with a big sale on Friday. Trucking company owner ... Teen auctions virginity for $100K to help pay her parents' mortgage KRON4 SYDNEY, Australia (KRON) - A teen in Sydney, Australia who started a website to auction her virginity says she hopes to raise at least $100,000 to pay for ... Christie's to Auction David Hockney Double Portrait, With $37.7 M. Estimate, in London Spring Sale - ARTnews Following on from the $90.3 million sale of a David Hockney masterpiece at Christie's in New York last month, the auction house will offer another high-profile ... Foreclosure auction of ex-Bear Lance Briggs' Northfield mansion OK'd Crain's Chicago Business The auction is March 1 for the 15-room home on an acre. Briggs has also has a Northbrook property in foreclosure. Landmark Sonrise sign goes up for auction The State Journal-Register It looks like sunset for the Sonrise Donut neon sign that has welcomed visitors along one of Springfield's original stretches of Route 66 for nearly seven decades. Questions about consent loom after tech brothel auctions off robot’s virginity for $10K The Next Web People can pledge $10000 to be the first person to have sex with a robot at Eve's Robot Dreams brothel in California after receiving $155000 in funding. Local consumers say they're owed thousands by Tompkins auction company The Ithaca Voice FREEVILLE, N.Y. — A Tompkins County-based auctioneer has been ordered to pay nearly $70,000 for taking items on consignment from a museum and not ... Tim Brown Auctions His 1987 Heisman Trophy for $435K Breitbart News Former Notre Dame star Tim Brown's 1987 Heisman Trophy was purchased for $435000 at auction, TMZ Sports reported. barbara bedell" From Vespers to auctions the season is plentiful Times Herald-Record There wasn't an empty seat at the packed Vespers *Service* at Mount Saint Mary College on Dec. 2. The annual *service* is always standing room only and it is ... Henzel Studio Auctions Carpets by Established Artists Architectural Digest Henzel Studio is bringing its colorful creations to a new venue. Known for punchy handwoven styles (of which Robert Downey Jr. is a fan) and collaborations ... Looks Like the Kids Aren’t Going to College After All: Luke Skywalker’s Lightsaber Is Up for Auction Vulture Hollywood auction house in Profiles In History is putting Luke Skywalker's lightsaber from Star Wars: Episode IV – A New Hope up for auction. Austin Restaurant Threadgill’s Auctions Decades of Memorabilia Eater Austin The South Austin location of Threadgill's on 301 West Riverside will shut its doors this weekend, and begin the process of dismantling the historic restaurant. Temple art auction held Jan. 26 | Local Dothan Eagle The Temple Emanu-El Sisterhood will hold its annual art auction on Jan. 26-27. State regulators clear Millstone nuclear plants to compete in zero-emission energy auctions Hartford Courant Owners of the Millstone nuclear power plants will now be able to compete against wind and solar to sell power in “zero emission” state energy auctions as a ... Queen Elizabeth's Favorite Childhood Doll Is Up for Auction — See the Rare Toy! PEOPLE.com Items from Queen Elizabeth's childhood and Princess Diana's clothes are part of Kerry Taylor Auctions' "Passion For Fashion" Auction. 6 questions about tax foreclosure auction Wayne County needs to answer Detroit Free Press To fix the Wayne County tax foreclosure auction, you have to understand it. That's a problem. IPL 2019 auctions | Players with highest base price: 5 takeaways Livemint At the 2019 IPL auctions, all eyes will be on the figures that nine cricketers in the highest price bracket will command. Here are five takeaways from the exclusive ... Marilyn Monroe memorabilia auction fetches more than $1.6M KOMO News LOS ANGELES (AP) — An auction of Marilyn Monroe memorabilia has earned more than $1.6 million, including $120,000 paid for a touring version of the ... ‘Hamilton’-Themed Travel Experience Up for Auction Barron's Charitybuzz, a leading auction site that institutions use for fundraising, and private jet company Flexjet have partnered to offer fans of the Broadway musical ... Yale Peabody Museum holding online auctions of surplus items New Haven Register NEW HAVEN — Yale University's Peabody Museum of Natural History is holding several online auctions “of items it can no longer use” in advance of a ... Australian teen auctions virginity to help pay for college, her parents' mortgage CBS17.com SYDNEY (KRON) - A teen in Sydney, Australia who started a website to auction her virginity says she hopes to raise at least $100,000 to pay for college, a car, ... Purse auction raises money for American Heart Association WIVB.com - News 4 Dozens of purses, many from world-famous designers, went to the highest bidder. Photos: Beachfront Galveston home heading to auction this month Houston Business Journal A beachfront home in Galveston is one of 18 properties in Concierge Auctions' second-annual December Sale, according to a press release. Located at 17007 ... Burgan Opens Online Auctions with Uptown Theatre businessjournaldaily.com YOUNGSTOWN, Ohio – Burgan Real Estate will hold an online auction, the company's first, Dec. 1 for the Uptown Theatre, 2728 Market Street. Bidding will ... India will auction 80 GW of solar, wind capacity by March 2020 pv magazine International The Indian Government plans to tender 60 GW of solar and 20 GW of wind capacity by March 2020. This would complete the planned auctions for its targets of ... IPL Auction 2019: Chennai Super Kings fans want MS Dhoni-Yuvraj Singh reunion Hindustan Times Chennai Super Kings asked their fans for suggestions ahead of the IPL 2019 auctions and Yuvraj Singh was a clear favourite. Frank Sinatra items, including 20-carat diamond engagement ring, make $9M hit at auction - USA TODAY Frank Sinatra items, including 20-carat diamond engagement ring, make $9M hit at auction USA TODAY The private treasures of Frank Sinatra and his wife, Barbara, were a multimillion-dollar hit at auction. The Biggest Winner of Auction Week and 12 Other Takeaways From New York’s $2 Billion Sales artnet News From the biggest winner to the most surprising pass, here are our parting observations from last week's auction marathon. artnet News, November 20, 2018. Annual Veterans Taxi Medallion Auctions Scheduled on All Three Islands St. John Source The annual Taxi Medallion Auction will take place in December on all three islands, according to a press release issued by the management and staff of the ... Hometown Farmer - Wakonda farm toy auctions Siouxland News When you're a kid and you dream of being a farmer, it's fun to push little toy tractors and combines around the living room floor. You think those toys are worth ... Auction of Bill Sharon estate is trove of local history The Mercury SPRING CITY — Known throughout Pottstown as "Bill the Cat Guy," the extensive collection of the late Bill Sharon will be auctioned off this weekend and it ... |
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