Items to Research Before Bidding At Auction
I am currently in SWFL and as some may know a lot of properties are getting bid up, some with as many as 50 or so bids on one property.
I came across a wholesaler who is buying properties at the auctions steps and then has a set fee that he takes for the property. He has a team of people who research everything and they guarntee in writing that title is clear and there are no leins etc.
I however wanted to ask all of you here what needs to be researched before buying a property at auction because I take what people tell me with a grain of salt, so I wanted to get input from more people.
I understand buying property at auction has a greater risk because you can not inspect it and it is truely as-is, but people are doing it so I am trying to learn the steps needed to take before going to auction.
Thanks Rob