1400+ Homes MUST BE SOLD!!! The ATLANTA HOME AUCTION STARTS THIS WEEKEND!!!


That's right! The REDC Home Auction is coming back to Atlanta this Saturday, October 18.
Many will flock to this event in the hopes that they will strike it rich with their "deal of a lifetime"!!!


As an owner of FOUR properties bought at the REDC auction, can I please give you one, tiny, little piece of advice.....go, BUT DON'T EXPECT TO FIND YOUR DEAL OF A LIFETIME!! If you haven't already done so, YOU MUST read my blog about the 10 Biggest Mistakes Buyers Make in Today's Market, of which Mistake Number 7 is trying to find your bargain at an auction.

Don't get me wrong, I got a fairly decent price on the four properties I bought at the REDC Home Auction. But, by the time you add the auction fees, lender fees, closing costs, repairs (of which all of my homes needed between $10,000-30,000 worth of work), I realized that if I just would have been better off buying the home down the street directly from Mr. & Mrs. Seller......and FOR LESS.

Just a little mistake I made that I have the privilege of sharing with you, so you don't make the same mistake. See too many times we get caught up in the labels of "auctions, foreclosures and short sales" and  miss unbelievable buying opportunities that are staring us in the face.

Now you HAVE to read my blog about auctions.......

Here are a Few Other Recommendations if you Plan to Buy at an Auction:

  • Do Your DUE DILIGENCE-no inspection contingencies here, you get what you get and sometimes that can be substantial. Do your research BEFORE you bid.
  • DON'T let your emotions take control-decide your highest and best bid BEFORE you go and don't go over it under ANY circumstances. 
  • Practice PATIENCE throughout the entire process-from the winning bid, to the paper work to closing, you will need patience. Imagine how busy the closing attorney's are with over 1,400 Atlanta homes being sold.
  • Despite everything if you still want to buy at an auction, GET A QUALIFIED REALTOR to represent you, just like my clients in this picture to the right did before they went to the REDC Auction. It's great to have a non-biased, non-emotional third party representative there to help you, as well as walk you through the process and paperwork.

    One thing is certain DEALS OF A LIFETIME are out there.....TONS OF THEM... And, if you REALLY want a good deal, call me and let me show you how to offer in on the property NO ONE'S offering on, instead of putting you in a room with hundreds of other buyers all going after the same one.

    If you are looking for a qualified realtor that understands the Atlanta home auction process, then CALL ME at 678-463-3173 immediately. I'll be happy to represent you FREE. BUT, don't wait!! I will need to make sure that you are registered properly!

REDC-Real Estate Disposition Corporation
Lender Foreclosure Home Auction in Atlanta, Georgia

  • Atlanta & Northeast, GA Real Estate: October 18, 2008
  • Atlanta & Northwest, GA Real Estate: October 19, 2008
  • Atlanta & Midwest, GA Real Estate: October 20, 2008
  • Southern Georgia Real Estate: October 21, 2008
  • Atlanta Area Homes: October, 25 2008
  • Atlanta Area Homes: October 26, 2008

P.S. Did you know you can buy properties "auction-style" ONLINE from auction houses that are not as popular and have many less people bidding on them??? I can help you with that as well!


 

 

3 Comments on 1400+ Homes MUST BE SOLD!!! The ATLANTA HOME AUCTION STARTS THIS WEEKEND!!!

OCT
13
2008
182,002 Points 1 Featured Post Outside Blog

Thanks Winter for posting this.  A past client just contacted me Saturday about this.  We are going to preview 2 of the houses this afternoon and I will be representing him at the auction.  I think it will be quite the experience. Do you know if the Titles are clear at Auction or should we pull them first? That was on my "to do list" to check. Thanks.

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8:52am • #1

Hi Jen,

Yes, the titles ARE clear. It is an experience and I recommend that people attend to say you did it. If you're client is set on going, make sure you get registered, as well as he is registered properly. He will need a cashier's check for $5,000 and pre-qual letter to get in. I would recommend once you see two of the houses he's interested in to pull the comps in the area and try to get him a better deal before he goes to the auction. After the fees, he will end up spending more than he's bargained for. Call me if you want to discuss anymore details. I left you an email last night :) And, HAVE FUN!

9:01am • #2
NOV
15
2008
2 Featured Posts

Auction rule #1: If there is more than one person in attendance, you're not going to get a great deal.

I'll be at REDC's auction today in Phoenix. These auctions are a great place to fish for buyers. Other than that, I have little use for these big tent productions. They are perhaps the worst place to make a purchase I can imagine.

We auction off about 600 properties everyday in Phoenix...and hardly anyone attends but the eight "regulars". Meanwhile the REDC media machine mega-buglight attracts THOUSANDS. It really is a prime example of the power of advertising.

11:31am • #3

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Winter Baserva Realtor Atlanta, GA Homes For Sale

Atlanta, GA

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ERA The Good Broker

Address: 1755 The Exchange, Atlanta, GA, 30339

Office Phone: (770) 635-3700 x 6002

Cell Phone: (678) 463-3173

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