Let me tell you first and foremost, I an a licensed real estate auctioneer and broker. I get calls every day from buyers wanting to get a good deal at an auction. We conduct voluntary auctions on a regular basis, but here's the reality of most cases:
You can probably get a better deal on a short-sale than you can at an auction!
I hate to say it, but it's true. We are bound to clear title on properties that we auction, and that means paying off mortgages and liens. In a short-sale however, the bank will actually take less than what is actually owed on the property!
Fortunately, as I mentioned, I am an auctioneer first, and a broker second so I am now helping most buyers with find great REO properties! And we have plenty of them here in Coweta County Georgia!
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Paul,
We don't advertise starting bids, as they are meaningless and are only used as false enticements to draw people to the auction.
All property, at a properly advertised and attended auction, bring true market value, at that moment in time!
Wayne,,,
Yes, it's feast or famine in the auction business. Either everyone wants it or no one does!
Leo & Stephanie...
Yep, better deals all around!
Eric ...
It's alway good to get additional professional licenses!
Richard
Bank foreclosures and short sales is the best way to get a deal in todays market.
REO's are usually good deals. In my area, Sacramento, CA short sales are a time suck in my opinion. Maybe 1 in 10 is successful and only after many months. Not for the faint of heart or anyone with time constraints.