Let’s face it – buying a house on the open market can be frustrating. You can spend weeks searching through listings, competing with other buyers and dealing with a troublesome seller and still not end up with a house in your hands. That’s why so many people are turning to real estate auctions to buy their next home. Real estate auctions make it easy to find, finance and purchase the title of a new home in a short amount of time.
Here’s why:
1) Auctions are faster than Traditional Buying.
The only time you’re going to be competing with other buyers for a property at a real estate auction is when you’re bidding for it. Instead of waiting weeks for a seller to choose between different offers and counteroffers, you can show up at an auction and leave with a new home in less than an hour.
2) Everything is Transparent.
You never need to worry about unforeseen closing problems when you buy a home through an auction. Nearly every auction house runs a check on all of their sellers before they agree to list their properties, so you always know that what you’re bidding on is exactly what you’re going to get. No liens are left hidden and no property damage goes undocumented. The only thing you need to do is read the documents attached to every listing’s profile on the auctioneer’s website.
3) You Can Do Everything in One Place.
You don’t need to leave the building to finance your new home when you buy it at auction. Multiple lenders attend every these sort of events, so applying for a mortgage is as easy as stopping by one of their tables and filling out the paperwork. It’s easy to see why real estate auctions are so much easier than traditional buying, but don’t take my word for it. Find out when the next auction is in your area and see for yourself. After you’ve got firsthand experience, you’ll never put yourself through the trouble of a private sale again.
Todd
-Todd Gladis, Senior Vice President
