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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3
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.
Web Reference: http://www.homesbycross.com
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.
Advice:
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

http://www.ushomeauction.com/auction_details.php?show_hide=&…

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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