Do you have any tips or suggestions for buying a property at an estate auction?
Answers (1)
FIRST ANSWER
Hi Sam,
I would recommend knowing ahead of time what the property is worth in today's market. When purchasing a home at auction, you typically need 10-20% down at the time of the auction. You would most likely need to purchase the home as is. The seller may not take an Agreement contingent on home inspections. Some sellers of auctions might not sell the home unless they get a certain bid for the home. Good luck, and if you need anything else, let me know.
Web Reference: http://CherylFuss.com
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