Okay, so you’re looking to buy a house and, when searching online, you notice a lot of homes in your price range that are popping up for sale through auctions. Maybe you’ve even heard that you can get a deal when you buy a house at auction. Judging from the variety of homes available in the listings, it sounds almost too good to be true!
Well, is it? Can you get a deal on a house through an auction? The short answer is yes, you can. But you have to know what you’re doing! Your goal is to get a deal—and when we say deal, we don’t mean saving $4,000. That’s not really a deal. We’re talking about saving major cash—like tens of thousands of dollars.
It is possible to get a bargain like that an auction if you know how auctions work and what to look for when you buy a home at auction, and if you’re patient enough to find the right house at the right price.