The REDC Home Auction is Back in Atlanta This Weekend...The ATLANTA HOME AUCTION CONTINUES!!!
The REDC (www.ushomeauction.com) will be auctioning off its last round of Atlanta homes this weekend at the Georgia World Congress Center.
Having bought several properties at an auction, I learned that the "labels" aren't always what they appear to be. Bottom line, I ended up overpaying for my properties because I thought ALL auction properties were good deals. 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.
Nevertheless, I attended their latest auction to offer support to buyers who wanted information on the process and make sure I was up-to-date with what was happening in the Atlanta home auction market.
Not surprisingly, 95% of the people I spoke with and interviewed were disappointed with "deals" they thought they would get, the mark up fees, and the overall the auction process. Mr. Jay Canon explains he felt that he was paying "retail" prices and didn't see the value in buying a property and having to bid against 200 other people to get it.
I always encourage my buyers to attend the auctions FOR FUN!!! BUT DON'T EXPECT TO FIND YOUR DEAL OF A LIFETIME!!! 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.
Here's a little taste of what you would expect to find at an auction.
REDC-Real Estate Disposition Corporation
Lender Foreclosure Home Auction in Atlanta, Georgia
- 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 show you how to find your deal of a lifetime!