Purchasing a Bargain Florida Homes at Auction
When most people picture how they will buy a Florida home, they imagine visiting properties with their real estate agent, zeroing in on a suitable home in a neighborhood they like; making an offer; purchasing the home. But there are also less straightforward ways to go about buying a home. One way people purchase home today is at a Florida town auction. Homes usually go on auction because they have been foreclosed upon or have unpaid tax liens; but there are any number of possible reasons. For the buyer, a real estate auction presents an opportunity — but also hurdles to clear.
A first possible drawback can be a real showstopper: the relative difficulty of thoroughly checking out the home’s interior. When it proves impossible to inspect inside, some research about the neighborhood, the history of sales in the area, and even visiting other open houses in the neighborhood can give some feel for what comparable neighborhood homes are like.
Too, auctions in Florida are usually geared toward cash buyers. In many cases, companies require you to register before you may join the bidding. As with car auctions, it’s almost always necessary to come prepared with cash (in the form of certified checks). Most auctions require the entire sum to be paid immediately, while others specify a set portion or amount. In short, Port St Lucie, Stuart, Palm City real estate auction buyers need to have done their homework beforehand.
There can also be vagaries in timing. For any homebuyer who needs to move in right away, an auction may not prove to be a feasible option. Especially with foreclosures, if the home is not vacant at the time of auction, the eviction process can turn into a lengthy court battle if the occupants are unwilling to leave.
Buying a home through a Florida auction can be a great way to nab a home at a bargain basement price, but being aware of the complicating factors is a must. There are many ways to find the perfect home – and I’m here to help guide my clients through the choices that will work best for them.
Are you tired of scouring the newspaper and MLS listing sites looking for homes in Florida? Sit back, relax and let Bold Real Estate Group and our team of professional Realtors do the work for you! Just visit our website and check off the properties you’re looking for www.BoldRealEstateGroup.com, is FREE and there’s no obligation! or send us an email firstname.lastname@example.org
Sign Up for Listings! You’re not signed up to receive any listings about available Homes! Help us out by selecting the communities you wish to receive updates about, and choose from Resale and New Homes Ready Now, homes ready in 30 or 60 days, or all homes! It’s that simple. Sign up now!
About the Author: Millie Gil has been a successful Licensed Real Estate agent for over 25 years in Florida. Millie is Vice President of Bold Real Estate Group, a boutique agency committed to concierge personalized service for discerning buyers, sellers and renters of residential and commercial properties. Millie is fluent in English and Spanish with a strong network of real estate professionals worldwide. Other posts by Millie Gil