The real estate market in the US is on the up and up, having recovered from the effects of 2007-08 Financial Crisis. The resurgence of the market also brought about a new concept that has taken the entire real estate sector by storm. This phenomenon is of course, online property auctions that has come to the forefront with the advent of property auction sites that have forever changed the way we buy properties.
Online property auctions make for a convenient way to buy real estate properties as you can now bid on them from wherever you may be at the time of the auction. But the entire process of online auctions can turn out to be a bit complex for those who have never taken part in one. The process differs considerably from traditional property sales, with the obvious difference being the auction takes place on the internet, and most properties are not in foreclosure.
The key to get the desired result in online property auctions is research. Even though you could be taking part in the auction from the comfort of your home, thoroughly checking the properties before bidding will enable you to a) know the type of property you are getting, and b) know what the fair price is, and how far you should go to secure it. Additionally, it is imperative that you know the entire bidding process inside out, so as to not get stuck at a crucial juncture of the auction.
Online property auctions are convenient. So do your homework, be better prepared, and be ready to buy just the property you’re looking for prior to getting in touch with auction companies for online auctions.
How would you normally buy real estate? You would see ads in the newspapers, or search online listing sites, for properties on sale, in and around your area. This is the customary and somewhat preferred choice of people looking to buy commercial or residential property; however, this isn’t the only way. Many people are discovering the benefits of buying real estate in California, through an online auction.
You may be familiar with traditional live auctions or may have participated in a few, but online auctions provide many advantages. In addition to the technology involved, these auctions offer more time to bid and the convenience of bidding from anywhere versus having to be at a certain place at a specified time. This provides a fair chance to all parties participating in an auction to benefit. Whether you are participating in residential or commercial online auctions, there are opportunities for both buyers and sellers.
Let us mention some benefits for buyers participating in auctions. We will deal with benefits to sellers in one of our future posts.
– Bid the price you wish to pay
– Smart investment opportunity
– Buyer benefits from seller’s commitment to sell
– Properties can be bought at fair market value
– Terms of the sale are known in advance – no backroom deals
– Closing and purchase dates are known
– Comprehensive information about a property is available to buyers
Visit FRE.com – The Global Real Estate Auction Marketplace to search and bid on land, residential, commercial, industrial, retail and office properties located throughout the United States. Many of the properties are bank-owned and all have low minimum bids! Hurry – bid deadlines are quickly approaching!
Good news! The online auction for a bank-owned, +/-23,000 square foot mixed-use building has been extended until August 4th. Despite today’s challenging Las Vegas real estate market, FRE.com’s online auction marketplace has generated a significant amount of interested parties who have requested more time to perform their due diligence. Though all documentation is conveniently posted on the every auction webpage, bidders and real estate professionals alike have asked for more time to assess the property value before they name their price at auction.
All bids can be submitted online until the bid deadline of August 4th at 5:00 pm PDT, but this property is sure to go quick with a minimum bid of just $1,200,000 so investors better move quick! To view all of the auction details, documents, photos and auction information, check out the auction profile page at FRE.com.
Here’s a quick property video for you to check out as well:
LFC is returning to bustling Reno, Nevada for our latest online auction campaign on our commercial auction website LFC.com. This bank-owned auction features a total of sixteen custom luxury home sites in the exclusive, prestigious Reno gated community of Somersett.
Nestled at the base of the Sierra Nevada Mountain Range in west Reno, Somersett delivers the best of both worlds: the peace and privacy of a secluded suburban neighborhood, all just a short drive away from the vibrant city life of Reno. This award-winning golf community features two golf courses designed by U.S. Open Champion Tom Kite, a 9-hole course available to all residents and an 18-hole course for members of the private Somersett Country Club. For non-golfers, Somersett offers over 27 miles of paved and natural hiking and biking trails amid rolling hills and wandering rivers. In addition, residents of this expansive community enjoy exclusive access to The Club at Town Center, a luxurious, $9 million facility that includes an aerobics studio, a state-of-the art gym, basketball court, massage room, two spas, and three junior Olympic-size pools, as well as a Kids Corner and Teen Club.
This bid deadline for this online auction is July 29, 2010, but with such a large variety of offerings, all interested buyers are advised to begin their research and due diligence as soon as possible by visiting LFC.com/882L1.
As always, follow us on Twitter at Twitter.com/LFC_Auction to stay up to date on all our auction campaigns.
The online auction for luxury homesites in the Whispering Pines neighborhood of Reno, Nevada’s Caughlin Ranch has been extended until Monday, 12/7/2009 @ 5:00 PM PST.
As multiple bidders fiercely competed for this property, the seller chose to invoke LAST CALL®, our patent-pending process that extends the bid deadline until no more bids are received, giving everyone a fair chance to submit new bids before the auction ends.
The new bid deadlines for the six luxury homesites and development land have been set for Monday evening. Head over to LFC.comtoday to check out the exciting conclusion to these auctions.
We are thrilled to be auctioning this former Coca-Cola Bottling Distribution Center. The sellers are serious and looking for serious buyers in this absolute auction. Just like the title says, there is no reserve to this auction and the sellers aim to to find the right price before the bid deadline on December 10, 2009, at 7:00pm CST.
The property sits on ±4.74 acres of prime real estate in Waco. The building is approximately 36,000 SF and, because of its solid concrete construction, lends itself to a wide range of uses. There is also additional land for further development or use.
For more details and documentation on this rare opportunity, check out the auction at LFC.com! Good luck and happy bidding!
Yes, that is correct. We are pleased to announce the latest campaign on our commercial property auction website LFC.com: the former Elk Meadows Ski Resort in southwestern Utah’s Beaver County. The property, comprising more than 1,100 acres of beautiful recreational land, is surrounded by a half-dozen of Utah’s most renowned national parks, including Zion National Park, Bryce Canyon, Dixie National Forest and Fishlake National Forest. Elk Meadows is secluded yet accessible; the mountain is less than three hours from several of Utah’s major metropolitan areas, including St. George, Provo and Salt Lake City.
For 25 years, Elk Meadows was the secret getaway for skiers and snowboarders looking to escape the mammoth crowds of Salt Lake City and Park City in northern Utah. However, the mountain’s proximity to several national parks made it a popular destination during off-season, as well. In summer, guests enjoyed mountain biking, horseback riding, ATVing, fishing, hang gliding and more. Throughout the years, Elk Meadows was a popular destination for vacationers from southern Utah, southern California, Phoenix, Arizona and northern Nevada. In fact, Elk Meadows is less than a four hour drive from Las Vegas, Nevada.
It’s not everyday that one can just go out and buy a mountain on the internet. Check out the auction and more of its details on this truly unique commercial real estate auction at LFC.com/L1.
Give us a shout: What would you do with your own mountain?
LFC has the pleasure of auctioning the Whispering Pines Neighborhood of Caughlin Ranch, Reno’s finest and most renowned master-planned community.
At Whispering Pines, homeowners get the best of both worlds: a quiet suburban community just a short drive away from bustling Reno.
Whispering Pines sits within the Caughlin Ranch Masterplan which encompasses 2,300 acres stretching from the foothills of the Sierra Nevada mountains to the Truckee River, and is known for its stunning natural beauty, enhanced by scenic rolling hills and picturesque ponds. Nearby Caughlin Ranch Shopping Center features retail shops of every variety.
With the bid deadline only 14 days away on December 3, these properties will go fast. Feel free to visit the auction event page and download any or all of the property documentation available at www.LFC.com/805L1.
The National Auction Property Search provides easy access to real estate properties currently
offered for auction through LFC’s Accelerated Marketing Program (AMP). You can filter your
search results by property type or click on a state.
