Last week I wrote a blog about buying a home at a Trustee's Sale or Auction at the Court House Steps. I had worked all last week on research for a client on a house that was supposed to go to auction today. Well, needless to say, it was postponed. Boo.
Oh well, as of right now it is postponed until March 23rd. It hasn't been changed to canceled so we are still crossing our fingers that it will go up for auction on the 23rd.
In the meantime, I feel very confident with the research I did last week and feel good about the auction process. I wouldn't recommend it for everyone by any means, but it is a good option if you have investors that don't really care about the inside of the house or the floor plan. Or in my case a client who is looking for a very specific lot and not so much the inside of the house. If you are looking for a house that is going to be your dream home, auction is probably not the best choice since you are very unlikely to see the inside of the house.
I have also gotten very motivated to look for other properties that fit my clients criteria and have found 3 other properties that might work and they go to auction next week and the week after. So now our biggest decision is to decide whether they will bid on any of the new properties or wait for the original property on the 23rd. I guess that isn't too bad of a decision to have to make.
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