Santa Clarita Auctions of Real Estate and things to consider

    Real Estate auctions. They are making their rounds with the REO properties which are entering the housing market.

    As part of the radio show today, I remembered working the Secret Service Auctions and watching as people severely “overbid” for various items.

    At the end of the day – this is the purpose of the auctions – to get the most money possible for whatever they are selling.

    Real Estate auctions are no different. The traditional “on the courthouse ones” are cash only deals. You are unable to finance those homes, at least directly.

    Bringing a cashier’s check in the amount of your maximum bid is your price of admission. However, you need to realize that you must perform some due diligence with regard to the property you are going to be bidding on.

    We explain more of that in our Consultation Meeting.

    First – meet with your professional realtor and have them explain the process within the online auction channels.

    Check out the website yourself and see if it maybe something that will be able to work out.

    Find out how your agent is going to get paid. Is it going to be part of your offering amount? Or, do you have to pony up to have them represent you? Maybe you can do it alone if the second case is fact – just be careful…

    Real Estate auctions within the online platforms show “highest bid” amounts, current bid status and other “teasers” that may get a person to go higher than the property is worth.

    They have been built around the “auction theory”, and the prospect of overbidding. Of course, the auctioneer is silent. However, they have their own ways on how they entice you to bid your heart out!

    Be careful when entering the online Santa Clarita and surrounding areas auction. Reach out to me directly so I may be of service and explain the auction process for Santa Clarita real estate in further detail. I’ll be here for you.

     

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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