Fort Lauderdale Real Estate Home And Condo Foreclosure Auctions
June 20, 2008
If you are looking for a great deal on a home or condo then of course many real estate investors and buyers looking for bargains know to attend the auctions to snap up the great deals. This is a great way to buy property right? Wrong!
Why would you want to attend an auction with a couple of thousand people all competing for the same properties with some auctioneer directing the show and driving the prices up and up to the highest bidder?
When I look to buy property I want as little competition as possible. If I am going to buy a Fort Lauderdale real estatehome or condo that is a bank owned property, I want the bank to think I am it. I am the answer to their prayers and there aren’t any really good alternatives to my offer.
I don’t want to compete with hundreds of “whipped up in a frenzy” buyers challenging my bid. Auctions are for losers. Pure and simple. That’s not how you get the best deal. Do you realize that most properties sell at auction at a price higher than what the list price is?
On top of that, do you know what a Buyer’s premium is? Many auctioneers charge you to actually buy a house at auction. That’s nuts!
A normal Buyer’s Premium is 5% of the Winning Bid Amount and it is added to the Winning Bid Amount to arrive at the Total Purchase Price. As an example, if the Winning Bid Amount is $200,000, then the Buyer’s Premium is $10,000 ($200,000 x 5% = $10,000). The Total Purchase Price is then calculated as the Winning Bid Amount PLUS the Buyer’s Premium or $200,000 + $10,000 = Total Purchase Price of $210,000.
I’m sorry, attending an auction makes little if any sense to me. Since all of the bank owned homes and REO properties in the Fort Lauderdale real estate market that are for sale at an auction are available on the open market anyway, why would you endure the commotion of a staged cattle call to look at a property that you will not have any real information on, no representation, AND be charged 5% or more of the purchase price for the privilege of buying a foreclosure that the bank is motivated to get rid of anyway?
Our team works with investors and buyers looking for a good deal on a Fort Lauderdale real estate home or condo. You get personalized service from our entire team of professionals. You have the opportunity to obtain reports on the property from our legal experts and property inspectors and best of all you don’t have to pay any buyer’s premium.
We will show you any bank owned property in the Fort Lauderdale real estate market that you want to see for FREE!. In fact we will send you regular email updates on every foreclosure that hits the Fort Lauderdale real estate market, the day it hits the market.
There’s an auction coming up somewhere near you very soon. You can go and be part of a real estate carnival and likely overpay for a bank owned property in the Fort Lauderdale real estate market or you can sit back, relax, search for bank owned foreclosure properties from the comfort of your home or office and get professional representation and consultation at absolutely no cost to you at all.
Oh by the way, before I forget, we actually pay you to use our services. That is to say that if you allow us the opportunity to show you a bank owned home in the Fort Lauderdale real estate market and you decide to acquire it, we’ll give you a cash rebate of 1% of the purchase price!
See if you’ll be able to walk away with cash at one of those auctions. Remember, auctions are for suckers!
We have compiled a list of the best foreclosure and bank owned homes in the Fort Lauderdale real estate market. If it is a bank owned property and it’s in the Fort Lauderdale real estate market you can find it here.
Click the search button below and you will be able to see bank owned foreclosures that can be a great deal for a buyer looking for a new home or second home.
These homes cover the entire spectrum of homes in the Fort Lauderdale real estate market. From small starter homes suited for rentals to large executive homes in gated communities.
These homes range from $300,000 up to $1Million dollars. The Fort Lauderdale real estatemarket is sprinkled with bank owned foreclosures that are not your typical foreclosure. Take a look for yourself!
If you are looking for Investor grade foreclosures please refer to our database of bank owned homes in the Fort Lauderdale real estate area that we believe are more suited for experienced real estate investors.
Here some other posts you may find interesting...
Fort Lauderdale Real Estate
Fort Lauderdale Homes And Condos For Sale
If you are interested in learning more about buying a home or condo in Fort Lauderdale or anywhere in South Florida; or if you need any information about the Fort Lauderdale real estate market, please feel free to contact me and it would be my pleasure to assist you.You can contact me at the number shown below or please feel free to contact me by the form below and I, or one of my assistants, will be sure to get right back to you within a few hours, if not sooner.
If you are inquiring about a specific property shown on this site, please include the address of the property in the comment section of the contact form below.
Bank Owned Properties In Fort Lauderdale
Foreclosures In Fort Lauderdale
Homes Fort Lauderdale
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Robin Sing-Cunningham
robins@robinashley.com
Access USA Realty
Local Fort Lauderdale | South Florida : 954-709-7461
My Assistants:
Barry Johnson: bjohnson@robinashley.com
