Just imagine that for a moment...
You find the perfect deal at the county sale. A 1497 sq. ft house with 3 bedrooms, 2 baths and opening bid is $15,600...
It’s an ideal home in an up and coming neighborhood and you can tell that it’s totally a home run deal.
You find out all the comparables in the area, and the numbers look REALLY GOOD.
You call a realtor and find out that the neighborhood has been on fire for the past few months, with properties selling all around the one you’re looking at. It’s like a dream.
Not only is a great deal, but it’s a seller’s/hot market, so people are actually paying MORE than asking price, and you know this because your research is complete.
You’ve now gone out and driven the property and you are falling in LOVE with it.
It’s a smokin’ deal..
You get back from driving it and instantly start pulling title on it, and find out the title is basically clean, with only a couple of liens and back taxes for 2 years, totalling $3,256 that you’ll be responsible for.
You head down to the county courthouse on the day of the auction and you’re registered and prepared for an incredible auction.
The auctioneer starts the bidding on your property.
Tensions are running high... The max you’re willing to go is approaching, and there’s stiff competition..
But you know what you’re doing and you stand strong.