Updated over 9 years ago on . Most recent reply
Buying a condo from Auction - yes or no?
I was hoping to get some thoughts on this from more experienced investors. My real estate agent doesn't seem to be a big fan of me buying a condo via auction. As I browse Zillow, I'm seeing tons of homes being auctioned at amazing prices and I can't help but wonder how I can get my hands on one of these properties! I know that buying auctioned/foreclosed homes don't allow contingencies....but at these prices, the risk might be worth it especially for the newer properties. Any advice on this matter would be appreciated . I'm very confused why more people don't buy from auctions and why my agent isn't recommending it.
Thanks!
mario