how to I get more information about a house that is going to be auctioned?

Asked by P Kaelin, Desert Hot Springs, CA Fri Jun 6, 2008

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Sean Giorgia…, , 92553
Fri Jun 6, 2008
You need to:

(1) Review all disclosures. These are usually available online.
(2) Inspect the home. There are usually open houses or you can work with an agent to open the hosue for you.
(3) You'll want to review the preliminary title. That'll be available online or an agent can get it for you.
(4) You'll want to review comparable properties.
(5) Most importantly, make sure your loan is credit approved before the auction. If you fail to close, for any reason, the auction company will keep your money.
(6) Most auction companies want you to regisiter online before the auction.
(7) You'll need to take a cashiers check to the auction. Check the auction website for details.
(8) Most auction companies will add an auction service fee of around 5% to the winning bid.

Thanks for the opportunity to help. Feel free to contact me directly at 951-571-9229 or for details.
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1 vote
Michael Barr…, Agent, Irvine, CA
Fri Jun 6, 2008
Hi there P Kaelin. Your realtor can help with most of the information , You definitely need to get disclosures, inspections, title reports, You usually need cashiers check at the auction. You might want to attend one or two to get a feel for how they work and how the bidding works before going to one to actually buy a property.

Hope this helps
Michael Barron
First Team Real Estate
(714) 552-6817
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