How Do You Buy Property At Auction?
Buying a home or property at an auction is a great way to get a good deal. Rising home prices make it difficult for some people to afford a home. If you’re tired of renting and want to achieve your dream of homeownership, buying a property at auction is the way to go. Get pre-approved for a home loan. Before attending a property auction and making a bid, be sure to secure financing. Once your bid is accepted, you can’t cancel the agreement. Thus, it’s best to get a pre-approval before beginning your property search. Save money for a down payment. Auction houses require winning bidders to submit a down payment, which is approximately 10 percent of the purchase price. Contact a real estate agent that’s familiar with buying a property at auction. To buy a property at auction you’ll need to have a listing of available homes. Contact an experienced real estate agent and express your desire to buy a property at auction. Browse the classified ads. Auction properties are listed in the local ne
