If you are a real estate investor and would like to know when the next property auction will be held, you can check out the Property Auction List. These lists are often updated on a weekly basis. The list contains all properties scheduled for auction, their case numbers, and the minimum bid that must be paid. It also includes canceled and resold properties.
These lists are made by different companies, but the information they provide is invaluable. Many of them include photos, occupancy status, lease information, and details about any defects that may be present. The benefits of using multiple listing services are that they cut some steps out of the process, but it’s important to remember that each county sets its own rules. For example, in some counties, you need to have a real estate license to bid on the property.
When looking at property auction lists, it’s best to hire professionals who understand the ins and outs of the process. If you don’t feel comfortable with the process, consider using a service that allows you to inspect the property in person before making a bid. This will allow you to understand what repairs and improvements will be necessary before bidding.
The process of buying a property at auction is an exciting time for buyers, but it’s important to do your homework to make sure you are getting the best deal. A good agent will help you identify potential properties, but you should not rely on them to make a purchase without compensation.