Tony, Home Buyer in Henderson, NV

Agents experienced with auction.com or Williams & Williams

Asked by Tony, Henderson, NV Sun Sep 11, 2011

Hi I was interested in purchasing a home in Las Vegas through the auction process. Are there any agents who have experience with these companies?

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Answers

6
I have a auction bidding and research team. Check out my site http://www.encorerealtylv.com/Bidding_Service/page_2437220.html and call me with any questions.

With Regards,
Mark Slomka
Encore Realty Group
Direct: 702-355-3931
Fax: 877-895-9008
http://www.EncoreRealtyLV.com
Web Reference: http://EncoreRealtyLV.com
0 votes Thank Flag Link Mon Sep 12, 2011
I have listed many homes with auction.com and I have helped many clients thru the process- what would you like to know?
Web Reference: http://Mayteamlv.com
0 votes Thank Flag Link Sun Sep 11, 2011
Hi Tony,

I have taken clients to the Hudson & Marshall auctions that are live here in Las Vegas and assisted them with the bidding process. They were able to successfully win the bid on a property that was priced way below market. We knew this and knew the limit to bid from the market research I did prior to attending the auction.

Williams & Williams isn't familiar to me but auction.com is. The process is similar and they all charge a 5% buyer fee (usually 5%) that is added to the price if you win the bid. After the winning bidder is announced one of their staff then takes them to the signing table to qualify the buyer and complete the purchase. And there are documents you must bring with you, which your agent can advise you on. After that the process continues with a title company, same as with a regular resale. Closing is 45 days or less.

The advantage to buying at one of these auctions, as opposed to the courthouse, is that these properties will come free of liens and utilities and taxes will be paid to date. Also the bank that owns the property has their representative there, and the winning bid price is approved by them on the spot.

Your agent can provide you with a list of properties that are coming up for auction and then do the market analysis for whichever ones you are interested in. It is best to pick a couple so you have a back-up if you don't win the bid the first time. Auctions really are fun but don't try to go it alone as the action is fast and you may miss something and lose out on the bid. Two sets of ears is definitely better than one, unless you do this for a living.

If you contact me I can provide you with more information and assist you with the next auction that is being held here soon.

Barbara Richie, REALTOR, SFR, SRES
"Experience that counts. The expertise to make it happen!"
Encore Realty Group
702.521.5299 Direct
Email: lvrepro2000@gmail.com
0 votes Thank Flag Link Sun Sep 11, 2011
Tony,

I have successfully closed auction.com transactions here in Las Vegas for one of my investors. While I watch the Williams and Williams, I have never been party to a transaction with them. If you would like, I would be more than happy to assist you with either of these companies. Feel free to contact me at your convenience.

Jeffrey Sklar
Broker
Property Manager
Southern Nevada Property Management
8871 W. Flamingo Road Suite 202
Las Vegas, NV 89147
702-522-6764 office
702-408-6470 cell
888-203-2779 fax
jeff@snevpm.com
0 votes Thank Flag Link Sun Sep 11, 2011
Yes,I have assisted a client in these auctions. These are private auction companies where you can sometimes get a deal. Take note that I used the word "sometimes" because as with anything, you have to be familiar with the market and do your research in order to know your bid limits so that they will still be a deal. These companies charge a fee in addition to your winning bid price. I will gladly assist you and help you in these auctions. I will do the research so that you can make an educated bid. Thank you!
0 votes Thank Flag Link Sun Sep 11, 2011
There are two real ways to do auctions. One is attending auction at court house with cashiers checks and the other is via the HUD Home Sales which we bid on a daily basis. Some of my investors have tried these options with no success and wasted time. Call me Monday and we can see if we can help you. We are also a property management company so we can assist with renting property out or flipping. If home needs renovation we can help with all repairs and maintenance as well. Fee free to use my web site which give you access to all properties currently availalble. Thanks, Matthew

Matthew D’Ercole
One Source Realty and Management
Cell - 702.501.0973
Website - http://matthewsellslasvegas.las.mlxchange.com
0 votes Thank Flag Link Sun Sep 11, 2011
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