It's clear that the market is improving in terms of number of homes being sold; and at the same time the median price is decreasing slightly. Given this, I wonder why there are not MORE auction properties available, and why auction companies are not working with more local realtors - any thoughts?
Homes For Sale At Auction in the Asheville NC area
Not for the faint of heart, Auctions can be an exciting way to find property at deep discounts in the Asheville NC area. Live real estate auctions can be an exciting - and usually competitive - way to purchase property, often at deep discounts. Sellers often turn to auctioning their property due to a high level of motivation, perhaps caused by a divorce and division of assets, or a death in the family, or just a general need to move on. Fast.
As the buyer, generally you are looking at a "reserve price" which means you know what bidding will start at.
- Property is generally offered "as is" with no repairs being offered
- Long negotiation periods are usually eliminated
- Closing usually takes place within 30 days of the auction or sooner
Each auction is different. Be sure to check with your local professional before purchasing an auction property.
Real Estate agents are often involved representing the buyer or the seller when a property is auctioned. We can help guide you through the important questions such as:
- Do I get a chance to inspect the property?
- How does the process work?
- Is the auction live or online?
- How do I register?
- Is there an advantage to buying real estate at auction?
- Are there any back taxes or liens against the property?
- Is financing available?
- What does the term “reserve” mean?
- What is the minimum bid?
- Do I have to make a down payment at the auction?
- Is my deposit refundable if I change my mind after the sale and decide not to buy the property?
- What happens once I have become the successful high bidder?
2 & 4 Cottage Court, Asheville
-Two homes scheduled for Auction Nov 19th 3pm. Auction location The Downtown Market 45 South French Broad Ave. Both homes available for preview to public Nov 18th from 10am to 6pm. Ideal rentals property w/ strong history - Energy Star homes built to high standards w/ attention to detail. #2 Red Oak floors, High Ceilings on the main with Vault Master bedroom in both homes. Adjacent Lot also available. Subject to bank approval.
Listing provided by Realty World Marketplace.
-Accepting Pre-Auction offers. -Price shown does not represent Sales Price which will be determined on day of Auction, Saturday, April 28th.-This home will be sold at the Living Estate Auction of Gloria Free to the highest bidder, subject to seller confirmation, on Saturday, April 28th at 1:00 pm.
Listing provided by Keller Williams Professionals.
Now under auction terms. Presale offers submitted thru Bid Now @ www.hudsonandmarshall.com. No set minimum starting bid. Property subject to 5% buyer's premium and subject to reserve price. Contact agent for details. Seller/listing agent make no representations. Buyers should verify all MLS data for accuracy as most info is from tax records.
Listing provided by Choice Mountain Properties.
-LAND AUCTION!JOHNSON BROTHERS FARM-SATURDAY,23 JUNE @10:01 AM–CAROLINA AUCTION TEAM,INC.–LIST PRICE DOES NOT REFLECT WHAT THE FINAL BID OR SALE PRICE FOR THIS PROPERTY WILL-INSP. TIME,SATURDAYS,JUNE 9&16 AND DAILY SALE WEEK, 10AM–2PM,GLADLY SHOWN ANYTIME BY APPT.-264.45 ACRES IN 18 TRACTS-5.30 ACS TO 32.72 ACS-AT LEAST THE FIRST 12 TRACTS SELL REGARDLESS OF PRICE TO LAST & FINAL BID, BY THE ACRE-HIGH BIDDERS CHOICE-CALL LIST OFFICE FOR OTHER
Listing provided by Jim Smith & Associates.
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