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Net Auctions and Auction Information |
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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: Guillermo del Toro almost lost his movie memorabilia in a wildfire. Now, he's letting some of it go AP News An Under-the-Radar Art Collection Could Fetch $180 Million at Auction The New York Times Light Data Calendar Leaves Focus on Treasury Auctions. Do Earning Matter? Mortgage News Daily Three generations of Wyeths (plus Andy Warhol) will go on sale in one auction The Portland Press Herald The secrets of lost luggage auctions: I bought four bags for £100. What would I find inside? The Guardian You Could Own These Cool Dodge and Lincoln Concepts Cars, Which Are up for Auction with No Reserve Car and Driver The best way to pick a team Fantasy Index Exhibit and silent auction at Fenix Arts honors the legacy of William “Bill” Flanagan Northwest Arkansas Democrat-Gazette Record Prices For Cattle At Auctions q106.com 10 Most Expensive Cars To Sell At 2025 Monterey Car Week Auctions duPont REGISTRY News Adopt a wild horse or burro during BLM’s September Online Corral auction Bureau of Land Management (.gov) Night Of The Phoenix Silent Auction Bidding Open Elon University Athletics BLM Auctions 13 Geothermal Parcels to Boost Domestic Energy Production SierraDailyNews.com Lord’s Auction today at church www.advertisernewssouth.com Bidding Begins Next Week at G3 Auctions for Jimmy Buffett's 90-Foot World Cruising Yacht PR Newswire Enjoy free access to columbustelegram.com, courtesy of BigIron Auctions Columbus Telegram Auction for Winery Fails to Net Acceptable Bid Business Journal Daily Mobster memorabilia: Items from notorious criminals go up for auction KIRO 7 News Seattle Boast Partners with Mecum Auctions The Boca Raton Tribune Six Star Cars and Hundreds More Await at the Fall Carlisle Collector Car Auction October 2-3, 2025 duPont REGISTRY News A look into the Bleak House auction items Guillermo del Toro had the hardest time letting go of AP News Michael Jordan-Kobe Bryant Basketball Card Auctions For Record-Breaking $13 Million USD hypebeast.com World’s most expensive bag sold for $10 million at auction supercarblondie.com 1923 stock certificate, Tom Brown Super Bowl rings clear six figures as Packers memorabilia skyrockets Green Bay Press-Gazette Guillermo del Toro auctions rare Frankenstein art worth $300,000 after wildfire scare Washington Times Trigon Auctions brings together elite performance genetics World of Showjumping Little League bat-flipper’s bat fetches nearly $10K at auction: ‘I was shocked’ - The Athletic The New York Times Sotheby’s UAE Sale to Feature 32-Carat Fancy Vivid Orangy Pink Diamond nationaljeweler.com Oscar-winning director Guillermo Del Toro to auction off iconic horror memorabilia he nearly lost to LA wildfires New York Post Golden Sahara II, Barris-Built Futurist Icon, Heads to Auction at Mecum's 'Larry’s Legacy 2025' at No Reserve Yahoo! Autos Idaho Department of Lands Auctions Priest Lake Lots for $7,901,000 Big Country News Woodhull Community Fall Consignment Auction set for Saturday September 6th the wellsville sun Mecum Auctions Returns to Monterey Car Week with 600+ Cars duPont REGISTRY News 2002 Ford Thunderbird With 5K Miles Up For Auction Ford Authority Baseball legend’s son ‘saddened’ by auction of personal collection: ‘I know my father’s wishes’ AL.com Ansonia Shopping Center To Go Up For Auction Valley Independent Sentinel Gold Reserve's Strategic Move in the Citgo Auction and Its Implications for Shareholder Value AInvest You’re Invited To Bid During The Coronado Rotary’s Community Auction Coronado Eagle & Journal Bidding Begins Next Week at G3 Auctions for Jimmy Buffett's 90-Foot World Cruising Yacht StreetInsider Cox Automotive Completes Acquisition of Bel Air and Tallahassee Auto Auctions and Welcomes 450+ New Team Members Cox Automotive Inc. Iconic Aroostook restaurant heads to foreclosure auction Bangor Daily News Why ACV Auctions (ACVA) Stock Is Down Today Yahoo Finance Citgo Auction Heats Up as Bidder Sweetens Offer Crude Oil Prices Today | OilPrice.com What’s going on for Labor Day in Summit County? Live music, dog-centric competitions, a charitable ski chairlift auction and more. SummitDaily.com Cox Automotive Signs Intent to Acquire Bel Air and Tallahassee Auto Auctions from BSC America Cox Automotive Inc. Scots to Host Football Auction and Caniac Supper People Newspapers US is auctioning a seized $325M Russian yacht with 8 state rooms, a helipad, a gym and a spa AP News Tiger Woods 'Type 1' photo from 2000 PGA sells for record price, crazy return on investment Golfweek Hidalgo County to hold public auction event this weekend ValleyCentral.com |
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