March 5, 2010
This Weeks Questions
What Types of homes are available at the Auction? James B
Every auction is different, but I have seen just about every type of property available. Condo’s, Duplex’s, Townhouse’s, Single Family, In Town, Out of Town on Acreage, Really Old-to Brand New never been lived in. In fact, one auction had a whole subdivision of new homes.
Can you get financing on these Auction houses? Linda M
Yes, on most. Some homes will be listed as cash only, no financing available, but the majority of the homes are able to be financed through the traditional channels of Residential Finance.
Are there ever any parcels of just land offered at the auction? Tom D
Yes. Not as many as there are homes, but you can find acreage, as well as building lots available.
Can I have a home inspection done before I close on an auction house? Dan D
No. All sales are as is. It is very important that you spend some real, quality time, in the home you want to bid on. Check it out throughly. You need to know what you are bidding on.
