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Looking For an Online Real Estate Auction? Visit Bid4assets.com

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Published: Wednesday, December 17, 2008

I recently stumbled on a website called Bid4Assets.com which is a platform for online real estate auctions. Here are a few reasons I would recommend visiting the site.

  • Reputation- I was directed to Bid4Assets.com by the City of Riverside. They actually use the website to sell property they have acquired by tax default through a real estate auction. Interested parties can bid on government property from the comfort of their own homes.
  • No reserve- That's right, some of the real estate lots up for auction have no reserve. That means the highest bid wins, even if it is lower than market value. Bid4Assets.com has a number of properties with auctions starting at $1. Why so low? The properties are sold this way to attract buyers. When property has no owner it brings in no tax revenue. In an effort to remedy this many counties sell these properties for pennies on the dollar.
  • Rock bottom prices- When you visit Bid4Assets.com you can view the results of previous real estate auctions. It is not unlikely to find real estate auctions won under $1000. You read that right. Many of the auctions were won with final sales prices under $1000.00. Keep in mind the lots won had extensive damages, possible liens, and the property taxes were likely in the rear. But if you have the money to make these types of investments they can definitely be profitable.
  • Membership is free- Often times we are drawn in by websites that advertise real estate auctions with incredibly low prices. In the end you are asked to pay an absorbent amount of money to join. Bid4Assets.com is free. The only time you are asked to pay any fees is if you end up making a purchase. This is a customary fee.

If your interested in purchasing property through real estate auctions visit Bid4Assets.com.

Other Recent Articles

Home Buyer Tax Credit Extended Until April, 2010

Category: 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.

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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.

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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.

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