Thursday, January 15, 2009
Buying a home online is an option for those who need a home.
You can buy at auction online!
Look for these at auction:
*Bidding on the down payment only-many sellers with finance with
no credit check (just win the bid on the down payment...
move in and start making payments. Interest as low as 3%
*Bidding on FULL PURCHASE PRICE!! Your bid is for the Full Purchase
Price of this property. (no credit check, no payments!)
*Absolute Auction -No Reserve-No Minimum -these homes will sell for
lowest bid and start at 1$. (check to see if Taxes are owed,
also what is the yearly tax bill)
Watch for Absolute/No Reserve real estate CLICK HERE
Here are a few auctions I watch:
There are many auctions so do your research and find the best home for you!
*You don't need a Real Estate Agent. The Title Company or Lawyer
that handles the closing will provide the deed (included in closing costs or
document fees) and Title Insurance (around $170)
*Read the auction terms to determine required closing costs. (30. - 1500.)
* Is the property free of liens? (ask the seller and call the County)
* Are taxes up to date?
* How much are yearly taxes?
This is a way to own a home in this tough economy.
I am buying this way and would love to hear your experiences,
tips and ideas. William Thomas