They don't always know if they are occupied or not. Sometimes it is hard to tell.
Could be the past owners, could be renters.
You would have to evict, if there is someone in the property.
If it was the past owner, probably not hard to do.
If it is a tenant, there could be a lease in place.
Often their prices are too good to be true. If you are thinking about the one on Tioga, that could be the case. If I remember correctly one of my clients bid over the asking price, but they rejected the offer.
Often you cannot get inside to see the home. So no inspection, no observations, etc. So difficult to know the condition. You might get a great deal, then again you might get one that is missing everything. You just never know.
Title and liens checking is super important also: recently had a situation when the bank was selling this house for 165K (foreclosure), and there was a lien on the house (from the city) for 165K, totaling 330K, with the market price in average condition being 230K...Have to watch out for these things...
There was no notation on the MLS about the lien from the city.
Beachfront Realty, Inc.
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
You are correct....you typically cannot see the home before you buy. That means no inspection, etc. You bid online. Also the property may or may not be occupied when you get it. You may have to evict the current resident.
So bid appropriately. The price may be low, but you may also get some headaches. I've seen some great deals on their websites.
If you want help with all these issues, I would like to be your agent. It will ask you to name an agent when you bid. You can bid yourself or you can have us bid for you.
Keller Williams Realty