There are two types of real estate auctions: live (in-person) and online. The latter is becoming more and more prevalent as people grow more comfortable with making major purchases online.Are real estate auctions a good way to buy property?
Real estate auctions are growing in popularity. Experienced investors often buy property this way, but technology has simplified the process and has made it less intimidating to new investors—as long as you do your homework and use free tools from Auction.com to find homes close to you. What Types of Properties are Sold at Auction?What documents do you need to buy a house at auction?
Proof of funds or financing information. Although most online auction sites don’t provide financing, Auction.com has a large—and growing—number of homes with financing available. Entity documents if you’re bidding under a company name or entity such as an LLC, trust or limited partnership.