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572 Kearny Avenue

Kearny, NJ 07032

(201) 991-5719

homes@midrealty.com

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“Lets Talk Real Estate! “Buying Foreclosed Properties at Auction” January 12th, 2022

Mid Realty officeJarlynn Hyde

Lets Talk Real Estate!

“Buying Foreclosed Properties at Auction”

Purchasing a property at auction may seem like an easy way to get into real estate investing, and it can be if you do a bit of prep work first.  The foreclosure and auction processes are complex, and often slated for auction never make it to the bidding stage for variety of reasons.  Understanding how things work can save you a lot of wasted energy.  Begin with pricing the properties you are interested in online, and be sure t look at the sales in the neighborhood as well.   Determine your maximum bid based on the minimum sale estimate and the amount of profit you will need to make on the sale.  Because the process of buying and selling real estate can be bewildering to those don’t deal with the process on a daily basis, we can make it an important part of our business to be knowledgeable and up to date with what’s current in the industry.  If you are contemplating buying a home and have  questions about looking at foreclosed properties, please call us.  Family owned and operated for over 44 years, our experience can be invaluable to you.  “OUR SUCCESS HAS BEEN BUILT ONE SATISIFIED CUSTOMER AT A TIME.”

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