Foreclosure in Stockton>Question Details

Laurie Caswe…, Home Buyer in stocvkton calif

what are the pitfalls to watch out for at a home auction?

Asked by Laurie Caswell, stocvkton calif Mon Jan 19, 2009

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I would suggest going to a few of these auctions with no intention of buying, strictly with the intention of learning a little more about how they work. Get familiar with the process. You should be able to gain some valuable advice from the people there, as well as the auctioneer.
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0 votes Thank Flag Link Sat Jul 4, 2009
Yes you can get a good deal at the auction. There are pitfalls to watch out for:
1. Bidding to high due to the social pressure and excitement
2. Not haveing done any inpspections
3. You need a professional at your side and on your side to work through the details.
Enlist the help of a Realtor who works with buyers of Bank Owned Properties to go with you as you inspect several homes that may be in your price range. You can learn this market - but you do not want to learn at your expense - a wrong purchase.
Good Luck - a few people do get a good deal at an auction.
Steve Davis - Lodi
0 votes Thank Flag Link Mon Jan 19, 2009
Hi Laurie,

Check out…

To learn more about auctions.

Best regards,

Rocky G.H. Hawrysz
Broker Associate, Realtor, e-PRO
Prudential California Realty
0 votes Thank Flag Link Mon Jan 19, 2009
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