| Many people go to the home auctions. The are | | | | you have all this information, you still want to go to the |
| excited. This may be the only way they can afford a | | | | auction. Write down the maximum price that you will |
| home. They are sure they are getting a deal. They get | | | | bid, while still feeling you are getting a bargain. |
| caught up in the bidding process on the house, | | | | A first time buyer joyously pays for their home,plus the |
| suddenly they are paying way more then they | | | | ten percent the auction house gets. Normal closing |
| expected to. Many of them bidding after only seeing a | | | | costs, now its yours, after its recorded in the city |
| picture of the outside of the home. Just like anything | | | | recorders office. You have the keys. You open the |
| you do, when you are spending money, do your | | | | door to find a home that has been abused, neglected |
| homework. Would you buy a car just because you | | | | and not a bargain. You find yourself having to spend |
| saw a picture of it? We human beings need to feel it | | | | more money to make it livable. What recourse do you |
| emotionally. Imagine our belongings in each and every | | | | have, none. You bought the home as is.This can be a |
| room. All that went out the window because you | | | | very expensive lesson. |
| wanted to save a few thousand of dollars. | | | | The seasoned buyers knows that the previous |
| The first thing you should do is go to the address of | | | | owners may have left the home in anger. They feel |
| the home advertised. Look at the neighborhood. Is it a | | | | cheated by the system that got them into this mess. |
| fit for you and your family? Is it vacant, can you see in | | | | They have to blame someone. Their credit is ruined. |
| the windows? What condition is the inside in, from your | | | | They may have to face bankruptcy in their near |
| vantage point. Go see the neighbors, ask questions. | | | | future. So they destroy walls, like their lives were |
| How long has it been vacant? Did they take care of | | | | destroyed. Their joy turned to hate. People retaliate. Is |
| the property, when they lived there? Was it a rental | | | | there a tenant needing eviction? Squatters still living |
| property? If this is in a HOA find out if you will be | | | | there? There are drawbacks, there are repercussions. |
| responsible for all the fines on the property. Find the | | | | If you are one of the lucky ones. Your auction home |
| for sale signs around the neighborhood, how much are | | | | meet your expectations, because you did your |
| these homes going for without being auctioned? Now | | | | homework. |