I am writing this post from an auction being held today in Las Vegas;  approximately 300 homes that are owned by banks and mortgage companies will be sold this weekend at deep discounts, through the auction process.  There are several real estate auctions on the calendar for the Las Vegas area!  We have not seen the end of the foreclosures, which will probably last through next year.  Terri White, Las Vegas Properties, is also the Broker for Real Estate Disposition Corporation, who is conducting many of these auctions.   There are auctions held on behalf of lenders who are liquidating the “REO” properties, as well as auctions being held for the developers and new home builders with standing inventory.  Both are viable options for you as a home buyer.

Buying properties ”at auction” is quite different from the more traditional way of purchasing real estate.  By knowing what to look for, and by having a real estate professional assist you with your “due diligence,” this can be a great way to take advantage of today’s declining prices.  In order to get the most benefit from an auction property, a buyer must be well informed as to current market value, anticipated future value, potential appraised value and the overall condition of the real estate market in a particular city where the properties are located.   You can get some great buys, with excellent and easy financing on many of these properties.  So, if you are a buyer looking for a home, or an investor looking for a great “deal” in this market, call me and I’ll send you my report, “Pro’s and Con’s Of Buying Real Estate At Auction.”  And I can provide you with a list of upcoming auction dates and details of the properties being offered.  Call today at 1-888-876-8383 or email terrilvp@cox.net.