real estate auctions

Performance Property Real Estate Question

How To Win At A Real Estate Auction

Q: Gerald. I went to the real estate auction for the first time—seeing all the confident investors bidding really intimidated me. Do you have any tips to getting a winning bid at a real estate auction? Karen, Hartford, Ct. A: Let’s start by defining what a win at a real estate auction is. For an investor trying to maximize returns, winning means buying property cheap enough to achieve their desired return. Winning doesn’t mean winning the auction bid—anyone can win an auction bid by paying too much—that’s a Pyrrhic victory. You win by buying at as low a price as you can. So, here is how you really win as an investor at a real estate auction—or at least how […]

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