People with liquid money at hand always find buying land an appealing investment. And if recent trends are anything to go by, the demand for good quality and perfectly located land has increased in the recent years as it has now been considered a safe investment option. Buying land for sale at online auction is completely different to purchasing it via the traditional way.
To start with, it is not your responsibility to find out everything there is to know about the piece of land that is being auctioned online. You will be provided all pertinent information by the auction platform that is conducting the event.
A buyer has to give a lot of thought to the entire process and the property in question, and then plan his/her bids. Working with a reputable and experienced online auction company will help you in avoiding potential pitfalls. Just as you do when you buy commercial or residential real estate at online auction, in the same way, you should plan what you are going to do with the piece of land once it is yours.
Whether it is just for investment or you want to use the land for future development, you have to make sure that you avoid costly mistakes and make the right choices.
If you want to buy a house in a hassle-free way, auctions are the best way to do it. And you don’t have to be an expert on real estate to secure the best deal. With a little knowledge about how auctions work, you can purchase a residential property at a good price. In the past few years, auctions have become increasing popular not only among home buyers, but also among the buyers of commercial properties. This is the reason why more and more people are participating in commercial and residential property auctions these days. Here are five top benefits of buying a property at auction:
- Auctions offer you the opportunity to snap up properties that you may not be aware of. Many residential properties in prime locations are purchased at auction.
- As compared to the traditional channel of buying a house, auctions may have fewer prospective buyers. So, you can buy a house at a good price.
- You will know that the seller is committed to selling the property, and there will be no last minute changes.
- Auctions eliminate the uncertainty of long negotiation periods. So you can quickly buy a house.
- There is a much more transparency during auctions.
These days, you can participate in online property auctions easily. So now, what are waiting for? Participate in online property auctions and secure your home at a good price.
Located on the north end of Washington D.C. along Rhode Island Ave. NE, a sales representative with RE/MAX Specialists has brought a property with over 20 rooms to online auction with the Never Lose a Listing® program on FRE.com. The property’s suggested value is $800,000, however, this unique building is being offered at a fraction of its suggested value with a minimum bid of just $470,000.
The stunning brick exterior, high traffic location, and variety of potential uses make this online auction an incredible investment opportunity. Fourteen bedrooms and eight bathrooms presents the option to remodel and utilize this building as a bed & breakfast, school, adult nursing/daycare facility, or office space.
Visit the auction webpage at www.FRE.com/3137L1 in order to view all of the property photos, download auction documents, and view the full property description. Just remember, you have to move quick because the Bid Deadline has been scheduled for Thursday, May 26th at 5:00pm EDT!
- Minimum Bid is just $470,000
- Aggressive Bid Deadline of Thursday, May 26 at 5pm EDT
- 7,700 SF on a 11,258 SF lot
- Variety of potential uses
I wanted to highlight one of FRE.com’s newest Online Auctions of a 4 bedroom/3 bathroom home that has had a complete and stylish remodel. Located in the prestigious Deerfield subdivision of Plano, Texas, this 3,575 square foot home has a spacious 3 car garage, a sparkling pool, a large kitchen with an island, and a Texas-sized family room to boot. There’s a great flow through home and the c-shaped floor plan allows flexibility for either a traditional or contemporary design.
Recent upgrades include wood floors, granite counters, stainless appliances, carpet/tile, lighting & fixtures/hardware, gunite pool resurface, pool heater, board on board fence, interior and exterior paint and so much more.
The Minimum Bid is only $222,000 and the Bid Deadline is coming up on Thursday, March 24th, 2011 so check out all of the property documents, details, pictures and all of the auction information at FRE.com.