Updated about 1 month ago on . Most recent reply
Looking to Learn from Experienced Auction Buyers
Hey everyone,
New investor here! I currently work in the San Jose, CA metro area but grew up in Arizona, and lately I’ve been looking more seriously at wholesale and investment opportunities back home in AZ.
I’ve noticed that some of the best deals I come across seem to come from foreclosure auctions — a lot of them look extremely discounted compared to nearby comps and even show things like “Likely to sell faster than 97% of nearby homes” on Zillow.
That said, I’m aware there are some real risks — many of these auction listings are occupied, and some don’t allow interior inspections or tours, which makes due diligence tricky.
Since I don’t currently have any auction experts in my network, I’d love to hear from investors who have bought at auction before. I’d really appreciate any insight or resources you can share — or even connections to folks active in the Arizona auction scene, if you happen to have any. Thanks in advance!
- Shayan
New investor here! I currently work in the San Jose, CA metro area but grew up in Arizona, and lately I’ve been looking more seriously at wholesale and investment opportunities back home in AZ.
I’ve noticed that some of the best deals I come across seem to come from foreclosure auctions — a lot of them look extremely discounted compared to nearby comps and even show things like “Likely to sell faster than 97% of nearby homes” on Zillow.
That said, I’m aware there are some real risks — many of these auction listings are occupied, and some don’t allow interior inspections or tours, which makes due diligence tricky.
Since I don’t currently have any auction experts in my network, I’d love to hear from investors who have bought at auction before. I’d really appreciate any insight or resources you can share — or even connections to folks active in the Arizona auction scene, if you happen to have any. Thanks in advance!
- Shayan