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AUCTION, AUCTION -- GET IN AND BUY IT!!
 
       
Thankfully, Oregon has been one of the better states so far in terms of foreclosures and defaults...having had less problems than many states.  Additionally we have been lucky in not seeing the drastic reductions in home prices.  It seems, though, that the challenges for the builders has been tough.  This weekend there was a write up in The Oregonian explaining that a custom builder, Buena Vista Custom Homes, will be auctioning off 248 brand new custom homes in Oregon and Washington.  With the bidding starting as low as $69,000.00, there are sure to be some great deals on purchases!  This is a process that is new to me with the new homes, and it should prove interesting to watch and learn about.
I went online and explored the entire process, so I wanted to share my research findings with you!
Registration and attendance are free -- you must register online here.The homes are listed on the auction's website -- with photos, square footage, starting bid, etc.There is an inspection period to ensure the quality of the home(s) you will be bidding on.Down payment requirements are very low -- usually 5%.Realtors/Brokers are welcome to participate -- as long as they are with their clients throughout ... more

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