buying at auction: Online Auction New Feature - 03/13/08 01:42 PM
We've rolled out another in a series of new features yesterday. The 'Buy Out' feature is for our online real estate auctions on http://www.epaxonline.com/. You can see the specific pilot example here (http://epaxonline.com/auction_details.php?name=35673571-Hwy-140-Catheys-Valley-California-95306&auction_id=100058). This feature is not exclusive, however, and allows one to list a property with a reserve as well. A bidder can actually accellerate the 2-4 week listing and have a listing agent closed and paid in 30 days or less following a shorter bidding cycle. Just another option to keep on the table.
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buying at auction: I want to buy a home at auction but don't have all the cash! - 10/16/07 03:53 PM
What to do, what to do? The journey to purchasing a home using any method starts by getting your own financial house in order. Get the credit score up by paying off debt and doing so in a timely fashion. Next is to save up for a down payment. In the case of an auction one would have to have 10% of the proposed purchase price ready to go to cover the buyers premium. Fisrt though, you have to get pre-approved and qualified for a loan up to a specific amount. Identify the property and your maximum purchase price including fees,
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