OfflineWe just won another auction.com property, here in Beverly Hills, Fl. It's a 2 Bed/ 1.5 Bath/ 1 Car; about 1300 sq. ft. of living area. Just needs paint, carpet & appliances about
$ 4000.
We are paying $ 46,300 & should sell it for around $65K
to 67K.
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just a shout out hey jill...LOL..... congratulations to you two. awesome awesome..
Thanks Walt, I think that's about 6 houses we bought from auction.com ... it's been working pretty good.
You guys do such a great job and you can tell how much you enjoy doing what you are doing. Priceless!
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Thanks for your support Mike !
thats awesome folks, way to go. i would like to offer on auction.com but you have to pay something up front right, if not the whole price correct.
Tony
Go faster do more! GFDM!
We have heard quite a bit recently about auction.com. Just wondering if you could give me just a little run down of how the process works when you put in a bid and it gets accepted.
Thanks!
Kayla & Darryl Sluka
Cadence Investments, LLC
Sounds like a good deal to me. You guys are crushing it.
Reynold Orozco
Thanks Tony. Auction.com requires a $ 2500.00 credit card deposit to register & participate in the auction. It is only a "good faith" type of deposit showing you have some type of funds/credit to purchase. They do not process the transaction, they just get an authorization hold on the card.
As I explained to Tony, above ... that's just for accessing the auction & bidding.
If your win the auction with the highest bid & it meets reserve, they email you. Then you have about 24 hrs. to sign the contract; wire transfer the deposit which is 5% down or a minimum of $ 2500.00; along with proof of funds.
Then they will have the seller sign & begin the closing process with the law firm or title company. Usual practice is 30 days to close, but depending upon the title company, we have closed in 2 weeks.
I ALWAYS pay the extra for title insurance so as to receive a "Special Warranty Deed" as oppose to a Quick Claim Deed. this way there are no issues with title.