How To Buy House Through Auction

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Bring your advanced deposit in a cashier s check money order or cash.

How to buy house through auction. For starters bidding is conducted via the web. Now if you re looking to buy a house at auction because you re investing in real estate that s awesome. While thomas says she would buy her home through an auction again in a hot second. An online auction system is different from bidding for a home in person through a trustee s sale or a sheriff s sale. How to buy a house at auction the best way to bid on a house at auction as a buyer.

Further contrary to popular opinion not every home that is for sale through an online auction is a foreclosure. Be patient and brave. You must provide the advanced deposit to the auction house before you can participate in the auction. A house being sold at auction is rarely in top condition so bump the value down to 80 of market value then subtract the cost of repairs. Start with the market value which is what the house would be worth in pristine condition.

Where online auction homes originate.

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