How To Buy A House Via Auction -

Identify upcoming auctions through local courthouses or specialized sites like Auction.com or Hubzu.

Emotional bidding is a major pitfall. Determine your maximum bid—factoring in repair costs, a "buyer’s premium" (often 5-10% on top of the bid), and closing fees—and do not exceed it. how to buy a house via auction

Auctions often limit or forbid indoor access before the sale. If access is granted, bring a contractor to estimate repair costs. If not, perform a thorough "drive-by" and budget conservatively for "worst-case" repairs. 2. Securing Financing how to buy a house via auction

You will need a title company to finalize the transfer of the deed. how to buy a house via auction