Another buyer beware story about buying properties at auctions, this time in today’s Seattle Times.
Remember, these properties usually end up on the auction block for a reason — they can’t sell under normal market conditions. So, before buying do your homework. If possible:
- go see the land;
- research the public records;
- look for red flags such as the ones mentioned in the article; and
- if it feels too risky, don’t play the game!
Technorati Tags: Auctions, Buying, General
