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I’ve never bought real estate at an auction; how does the process work?

April 26, 2017auction bought I’ve process Real Estate

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I’ve never bought real estate at an auction; how does the process work?

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It’s important to do your due diligence and be prepared to bid before you ever show up at the auction. Other than this, it’s really very similar to any other real estate transaction – except you will be bidding on the property against other individuals, instead of haggling price with the seller. Make sure you do things like inspect the property during a preview date to ensure you are completely comfortable with buying the property.