Dispelling the Courthouse Auction Myth for Buyers and my RealtyTrac Experiment

By
Real Estate Agent with (owner) JustNewListings.com Realty, Inc.

Can "Regular" Buyers Buy Their Home at a Courthouse Auction in Northern Virginia and Great Falls?

LinkedTube

 

 

I recently did a brief investigation on whether it was realistic to buy a personal residence in the Great Falls Virginia area at a courthouse auction in Fairfax County.  I used the listings on RealtyTrac as a starting point and headed out to an auction one morning with the listings of interest that a buyer might have interest in.

The situation -- finding a peronsal residence at the steps of the courthouse--proved to be more extreme than anticipated in a negative direction. it's not the real world.  RealtyTrac is somewhat misleading to regular buyers in my opinion, but provide a great service for investors who play the game 20 days/month....

Do you get buyers every year who think they are missing out on their dream house opportunity becase you're not taking themt to the courthouse auctions?  This video should open their eyes that their home will be in the MLS or at an unlisted builder--not at the courthouse auction listed on foreclosure websites.

Great Falls Virginia and Fairfax County real estate Auctions

You're not going to find your home there if you're looking for a personal residence....Don't be fooled into thinking otherwise if you're interested in Great Falls Virginia Foreclosures.

great falls virginia foreclosures real estate

Comments (2)

Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Jay-I've found in the Seattle market that some of the information on RealtyTrac lags behind what is actually happening, pretty similar results to your video. 

Best

Oct 06, 2011 09:48 AM
Jay Seville
(owner) JustNewListings.com Realty, Inc. - Arlington, VA
Northern Virginia & SE NC Beaches

I'd like to hear others' experience.  I just know I've had buyers think they were missing out and now I can use this video to show them the grass is not greener on the steps of the courthouse!

Oct 06, 2011 10:43 AM