      
 3 Tips for Saving More Money at a Real Estate AuctionPublished: Monday, November 24, 2008 Before for you head off to a real estate auction make sure you do a comprehensive market analysis, thoroughly inspect prospective property and shop for the best loan. Real estate auctions are fast paced and exciting so it is important that you come prepared. The first part of being prepared is conducting a comprehensive market analysis. This is done in an effort to determine your limit. It is easy to get wrapped up in the thrill of bidding. You need to establish a bottom line figure for all of the properties you intend to bid on. In order to do this it would be wise to figure out the average home value, median home value, and the highest home value in the areas you intend on bidding. In addition, you should locate comparable property and determine the average price. The worst mistake an attendee can make is winning a lot for more than it is actually worth, this defeats the purpose of attending an auction. The next task to complete is a thorough inspection of the property. All of the homes sold in auction are done so on an as is basis. To get a more accurate idea about the total cost of the investment requires factoring in funds for repairs, and damages. All of the auction homes are open to attendees for inspection prior to the actual event. A prerequisite for home auction attendees is pre approval from a lender. Take the time to search for the best rate. Banks have remained competitive in the rates they offer customers despite the fragile state of the economy. Finding the right loan can save you thousands of dollars in the long run. Other Recent ArticlesHome Buyer Tax Credit Extended Until April, 2010Category: Recent Articles Published: Thursday, December 10, 2009 The federal tax credit has been extended to April, 2010, including an expanded benefit to existing home owners who sell their homes and then repurchase a new primary residence valued at $800,000 or less. This could be the perfect opportunity for buyers who wanted to cash in on home auction bargains but were fearful of lower resales on their existing homes. 57,000 Foreclosures Remain in California – Lenders Scheduling More Home AuctionsCategory: Recent Articles Published: Thursday, December 03, 2009 The Southern California foreclosures market may be shifting, with fewer homes entering foreclosure than in previous quarters. However there are still 57,000 existing foreclosures statewide that need to be sold, and lenders are looking at foreclosed home auctions as a major tool to sell large numbers of foreclosures in a short amount of time. Southern California Foreclosures Still the Bulk of Home SalesCategory: Recent Articles Published: Friday, November 27, 2009 Southern California foreclosures still account for the bulk of area homes sales and lenders are finding real estate auctions the fastest and most efficient method of clearing their books of REO properties. Buying a home at auction requires a little prep work, however and the experts at homeauctionexpo.com share their insight on how to find the best auction properties.  November 2008
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