Home Buying in Denver>Question Details

dotkaufman, Home Buyer in Denver, CO

Is it better to buy an "as is" property via an auction or wholesale listing? Where is the least/most competition?

Asked by dotkaufman, Denver, CO Mon Apr 22, 2013

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Robert McGuire’s answer
Dotkaufman,

First of let me say there is tremendous competition at auctions and for wholesale listings. There are also good deals on the MLS. And guess what, there is just as much competition there as we. The difference is that you may have a better shot working with a Buyer's Agent checking all of the options and using the best strategies to give you a viable shot at winning the bid on reo's, HUD listings and FannieMae foreclosures as well. Some of us as Realtors are forming network groups and alliances to make sure we get the first and best shot at new listings coming on the market. It is all out war in the market right now and you need professional expertise to succeed as an investor or as an owner-occupant. Best of success to you.

Robert McGuire
Broker/Consultant
Your Castle Realestate
http://about.me/robertmcguire33
0 votes Thank Flag Link Mon Apr 22, 2013
Several questions here, so am attaching a blog post on Home Buying 101 with lots of answers: http://www.boulderrealestatenews.com/?p=1634 . Are you searching for the cheapest house? The best value? The highest ROI? The best deals require diligent searching and understanding of the market. An auction may sound like a cheap way to buy a house but don't confuse that with getting a deal or great investment.
0 votes Thank Flag Link Mon Apr 22, 2013
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