How To Evaluate Auction Real Estate Properties?
How To Evaluate Auction Real Estate Properties? Some years back, a friend of mine bought a farmhouse at auction mostly because of one photo. A porch, a rocking chair, golden light. He won, moved in, and by January was staring at a heating bill he couldn't explain. The porch was gorgeous. The walls were hollow. Auction property can be a real find, but only if you look past the nice picture. If you've been browsing online liquidation sales and aren't sure how to judge a property, here's how I'd tackle it. Start With the Plain Facts Write down the address, lot size, year built, room count, and property type. Then check them against the tax records and whatever paperwork comes with the sale. A mismatch isn't a disaster. People make typing mistakes all the time. But I'd still pick up the phone, because sometimes a small error is hiding a bigger story. Take Your Time With the Photos Don't scroll. Look. Zoom in on ceilings, corners, and floors, and watch for s...