Online Property Auctions: Be Prepared Before Heading to Property Auction Sites

Posted by rbennett on August 24, 2016
Uncategorized / No Comments

The real estate market in the US is on the up and up, having recovered from the effects of 2007-08 Financial Crisis. The resurgence of the market also brought about a new concept that has taken the entire real estate sector by storm. This phenomenon is of course, online property auctions that has come to the forefront with the advent of property auction sites that have forever changed the way we buy properties.

Online property auctions make for a convenient way to buy real estate properties as you can now bid on them from wherever you may be at the time of the auction. But the entire process of online auctions can turn out to be a bit complex for those who have never taken part in one. The process differs considerably from traditional property sales, with the obvious difference being the auction takes place on the internet, and most properties are not in foreclosure.

The key to get the desired result in online property auctions is research. Even though you could be taking part in the auction from the comfort of your home, thoroughly checking the properties before bidding will enable you to a) know the type of property you are getting, and b) know what the fair price is, and how far you should go to secure it. Additionally, it is imperative that you know the entire bidding process inside out, so as to not get stuck at a crucial juncture of the auction.

Online property auctions are convenient. So do your homework, be better prepared, and be ready to buy just the property you’re looking for prior to getting in touch with auction companies for online auctions.

How Are Online Real Estate Auction Beneficial For Buyers?

Posted by rbennett on May 10, 2016
Uncategorized / No Comments

How would you normally buy real estate? You would see ads in the newspapers, or search online listing sites, for properties on sale, in and around your area. This is the customary and somewhat preferred choice of people looking to buy commercial or residential property; however, this isn’t the only way. Many people are discovering the benefits of buying real estate in California, through an online auction.

You may be familiar with traditional live auctions or may have participated in a few, but online auctions provide many advantages. In addition to the technology involved, these auctions offer more time to bid and the convenience of bidding from anywhere versus having to be at a certain place at a specified time. This provides a fair chance to all parties participating in an auction to benefit. Whether you are participating in residential or commercial online auctions, there are opportunities for both buyers and sellers.

Let us mention some benefits for buyers participating in auctions. We will deal with benefits to sellers in one of our future posts.

– Bid the price you wish to pay
– Smart investment opportunity
– Buyer benefits from seller’s commitment to sell
– Properties can be bought at fair market value
– Terms of the sale are known in advance – no backroom deals
– Closing and purchase dates are known
– Comprehensive information about a property is available to buyers

Five Secrets To Winning Property in Online Real Estate Auctions

During your home buying process, you may run across online real estate auctions. If you don’t have prior experience buying in an online real estate auctions, you may find the process intimidating. Common questions such as: how does an online auction bidding work, can you lose your deposit, or how would you pay money to buy a home, etc. This blog post has been written with a view to tell you how online real estate auctions are different than traditional sales and how you can buy a home easily in online real estate auctions.

An online residential or commercial real estate auction system is different from bidding for a home through a trustee’s sale or sheriff’s sale. In online real estate auctions, bidding is conducted via the web and most homes are not in a foreclosure. You can find real estate auction websites where real estate developers, private investors, financial institutions, community and investment banks, bankruptcy court, private equity funds and government agencies sell their real estate properties.

Bidding For A Home At Online Auction:
First-time home buyers should follow some strategies in order to win online auctions. Winning does not necessarily mean placing the highest bid. Rather, it means winning in terms of having a robust strategy so that you can be in the position to get the most out of an online auction. Here are five tips to provide you with a winning plan:

  • Before the auction, you should have an investment strategy. Whether you want to buy a property to hold or rent, you should be clear in your objective. With a concrete investment strategy, you will be successful in not just winning bids, but buying the right property to meet your objectives too.
  • Though you can buy a property within the comfort of your home, you should never forget to do your homework. You should check a property thoroughly to make sure you are considering the right one.
  • In online real estate auctions, you will have a very short window to pay the seller. So have your finances in place.
  • Don’t get excited: Know your price and stick to it.
  • If you really want to win the property, you should be online to the very end of the auction so that you can protect your bid.

Following these points will certainly help you come with flying colors in online real estate auctions in the United States.

Online Auction for a Former Telecom / Data Center Facility

Posted by rbennett on March 12, 2014
California Commercial Buildings For Sale, California Commercial Real Estate Auctions / Comments Off on Online Auction for a Former Telecom / Data Center Facility

Located Along Major Corridor
±20,000 SF Two Stories with Partial Basement
High Tech Fire Suppression & Security
Leased Cell Tower on Site

***City of Long Beach Recently Passed an Adaptive Reuse Ordinance***

 

Bid Deadline: April 17th, 2014

 

Click here for more Property Information, Documents, and Auction Details or visit

www.FRE.com/171L1

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Online Auction for ±638 Acres in San Bernardino County, CA

Posted by rbennett on March 07, 2014
California Commercial Real Estate Auctions / No Comments

Located along I-15 & ±90 Miles Southwest of Las Vegas, NV
Zoned Resource Conservation

5% Broker Co-Op Offered!

Bid Deadline: April 3rd, 2014

View all details and downloadable documents at:
www.FRE.com/170E1

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Colorado Development Land Auction

Posted by rbennett on November 29, 2013
Colorado Commercial Real Estate Auctions / No Comments
Property Features

2600 N Freeway, Pueblo, CO Stroh Ranch, Parker, CO
±28 Acres ±6.63 Acres
Commercial/ Retail/ Industrial Opportunity
Zoned PD- Multifamily
1 Mile South of Pueblo Mall
Proposed 128 Units
Minimum Bid: $899,000 Minimum Bid: $449,000

 

*Broker Participation Offered*

Bids may be submitted anytime before the Deadline of December 19th at 5pm


Auction Website www.FRE.com/156L1

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Bank-Ordered Texas Development Land & Commercial Property Auction

Posted by rbennett on November 29, 2013
Texas Commercial Real Estate Auctions, Texas Land Auctions / No Comments
Property Features
Beaumont, Texas
Edinburg, Texas
4 Separate Industrial/Warehouse Buildings
±6.03 Acres (Gross) of Development Land
Combined ±50,400 SF
±309 feet of frontage on US Expressway 281
Split CBD and GC-MD Zoning
Zoned C2 General Business
Minimum Bid: $499,000 Minimum Bid: $399,000

All bids must be submitted before December 19th Bid Deadline

Auction Website: www.FRE.com/169L1

 

Longwood Office and Medical Suites Up for Auction

Professional/Medical Office Building near Orlando, FL

+/-75,000 SF Total Building Size
3 Floors
4 Office/Condominium Units

Minimum Bid  less than $20 p/SF
*Broker Participation Offered*

All bids must be submitted by November 21st at 5pm
Visit website for more property and auction details;
www.FRE.com/161L2

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Bank-Ordered Online Auction for a Former Auto Dealership

Posted by rbennett on September 16, 2013
California Commercial Real Estate Auctions / No Comments

Bank-Ordered Online Auction for a Former Auto Dealership  in Chowchilla, California

±24,805 SF on ±4.66 Acres
Zoned C-3 Commercial
Perimeter Fencing
Landscaping
Outdoor Lighting
Excellent Street Frontage

$950,000 Minimum Bid

*Broker Participation Offered*
All bids must be submitted by October 31st at 5pm
Visit website for more property and auction details;
www.FRE.com/167L1

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Bank-Ordered Online Auction for Retail Development Land Near Chicago

Posted by rbennett on September 16, 2013
Illinois Commercial Real Estate Auctions / No Comments

Prime  Location for Childcare, Bank, Restaurant, Healthcare/Medical, Retail, Service in Bolingbrook, IL

±9.89 Acres (gross)
Zoned B2 (Community Retail District)
Corner Lot
Less than 2 miles from I-55

*Broker Participation Offered*
All bids must be submitted by October 31st at 5pm
Visit website for more property and auction details;
www.FRE.com/166L1

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