Jun
18
2010
Second home
With the price of landed homes going up so high now, we hope to be able to buy another house for our long term investment. We saw some houses in our area selling really cheap as compare to the market price but property like this are usually auctioned by the banks. But some said it is usually difficult for us to get a bargain during auction unless we hire the brokers from agency like Outer banks foreclosures to do it for us. Is that really true? Anyone bought a house from auction before?
Well, for auction house, indeed it is true that is might look cheap on the auction price, but you really need to be extra careful with it as you might end up paying higher than market price + you can’t even view the house before purchase. Nowadays, people also getting smart of the way to sell their houses…Auction house, doesn’t mean that the previous owner not afford to pay the installment to bank, a lot of people nowadays, purposely want to sell their house through auction, as if they are lucky, the price might goes up very high….so, please be really careful if you go for auction house…do lots of survey and get more info about it first…Good luck!!