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 | How To Buy Your Home At Auction Ebook | |
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 | |  | | E-book Category: Real Estate
E-book Title: How To Buy Your Home At Auction
Book Description: Dear Mr. or Ms. Homebuyer:
Are you intrigued by real estate auctions but also a little intimidated? Among the important home buying factors of location, floor plan, property condition and price, do you give price a bit more weight? If you answered yes to both questions, then you should look closer at real estate auction deals.
Hello, my name is Larry Rhea, Kansas and Missouri real estate buyer agent and member of the National Association of Realtors, the National Auctioneers Association and author of the E-book How To Buy Your Home At Auction.
If you are what I call a Value Focused Home Buyer, like me, your mind set is:
- How much mortgage can I afford, rather than how much money can I borrow?
- Would I consider an older house with bathrooms and a kitchen that need updating thereby saving a few thousand dollars?
- Would I consider contracting someone to paint and re-carpet if I could get the house cheap enough?
While price is important in meeting your objectives, so is minimizing risk. So let me state this up front . . . to the uninformed buyer, auction is a riskier way to buy real estate than the traditional, write-an-offer method. Why? Because prior to purchase at auction, there is often less property information available and there is less buyer control over terms of the sale. However, to the informed buyer, these are the same conditions that create opportunity.
Home auctions can provide you the chance to buy below market value, thereby earning instant equity. Conventional financing is the primary financing for auction purchases. With the real estate market slowing down and more auction opportunities becoming available, there's no reason to overpay for a house.
How To Buy Your Home At Auction is a primer on the auction process that gives a valuable, home buying tool, including important step by step procedures. Homes for auction may be bank owned as a result of foreclosure, but this book is not advice on how to buy at foreclosure. That is a much riskier game. The subject of this book is buying at voluntary auctions where the seller hires an auctioneer.
When you read this invaluable 29-page, double spaced book you will learn:
- All the important things to consider in preparing to bid.
- Why auctions are almost always "As Is, No Contingencies" and what this implies.
- How to improve your chances to win while staying within your limit.
- The dozen most important auctioneer terms defined.
. . . and much more.
You will gain both a seller's and an auctioneer's perspective, which will help you to ask important questions and attend the most fruitful auctions. You will not only learn how to become a competent auction buyer, but a better overall real estate buyer.
Friends have said of my book, "Wow, Larry you're giving away the farm! If they read your book, they won't need your auction buyer agency services." I tell them not only am I not concerned, but I will even work for the buyer for free. Most auctioneers will share their commission with a buyer agent. But remember, the auctioneer represents the seller.
Real estate auction deals are waiting and after this quick but thorough read, you will be prepared to bid. How To Buy Your Home At Auction sells for $9.95, which is a small investment compared to a huge mistake that can co$t you plenty. And, if you're not completely satisfied, I will refund the book price within eight weeks of purchase.
But if your objective is to buy a bargain home as soon as possible, my advice is not to let an upcoming auction stop your home search. Continue to make traditional offers to motivated sellers. And if you're using an agent (which I strongly recommend) and your agent is not too familiar with the auction process, I suggest you: 1.) Ask your agent to determine if the auctioneer will "co-op" with your agent and share commission. 2.) Ask your agent to read the book and take its test to better assist you at auction.
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