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
If you’ve been thinking about buying foreclosed, or soon-to-be foreclosed houses, here’s a good overview of the topic from last Sunday’s New York Times. The process of buying a foreclosed home is not for the faint-hearted. As the article illustrates, there are varying levels of risks and rewards. For example, at foreclosure auctions buyers often cannot see the inside of the house before purchasing and usually have to pay in cash. Read on to find out more about buying strategies and how to get the most return from your investment.
Technorati Tags: Buying, Foreclosures
