You must’ve heard of purchasing products online via auction websites such as eBay, but are you aware that you can purchase a house from an online auction site? Yes, you can. It is the same as buying any other product at auction, but you must familiarize yourself with the best options and we can help with that. See 5 Best Online Auction Sites For Real Estate:
1. Auction.com
For the newbies that just started searching for online real estate auctions, you must’ve come across this option. It is a popular resource for locating online auctions. The website is simple to navigate and very intuitive. The listings that will be made available to you will also reveal info about the house plus minimum bids or reserves.
2. Hubzu
It works like Auction.com in several ways, but it is very unique for one thing too. The Buyer’s Premium is lower than other websites.
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Its average Buyer’s premium is 5% of the total purchase price or $2500, but at Hubzu, the Buyer’s Premium is 5% or $1000.
3. Hudson & Marshall
This online bidding website is owned by a law organization. It is unique for providing real-time, online auctions and online-only auctions. Hudson & Marshall accepts pre-auction offers as well, and that is very rare if you ask me.
4. WIlliams & WIlliams
It is identical to other auction websites listed here but there is a big difference, and that is the Buyer’s Choice auctions. These are group style auctions for multiples of very identical properties where bids are placed for every home in the group.
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The individual with the highest bid will emerge winner of their 1st choice of the available parcels and might purchase more than one at that price.
5. Concierge Auctions
If you want a new home that is the best of the lot, then this option has to be checked out. Homes on this website mostly go for $2M-$40M and they are far from distressed houses.
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These are homes that sellers have agreed to sell quickly for whatever reason, be it to move funds to fresh investments or to liquidate money. They flaunt some of the most gorgeous houses in America here.
More Information On Real Estate:
Real estate is “property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
Residential real estate may contain either a single-family or multifamily structure that is available for occupation or for non-business purposes.
Residences can be classified by and how they are connected to neighboring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.
The size of an apartment or house can be described in square feet or meters. In the United States, this includes the area of “living space”, excluding the garage and other non-living spaces.
The “square meters” figure of a house in Europe may report the total area of the walls enclosing the home, thus including any attached garage and non-living spaces, which makes it important to inquire what kind of surface area definition has been used.
It can be described more roughly by the number of rooms. A studio apartment has a single bedroom with no living room (possibly a separate kitchen). A one-bedroom apartment has a living or dining room separate from the bedroom. Two bedroom, three-bedroom, and larger units are common.
There you have it – a comprehensive list of best online auction sites for real estate. If you have any personal favorites or any other recommendation, feel free to drop them in the comment section below.