Sep 3 2010, 12:17 PM
QUOTE(lokideangelus @ Feb 24 2010, 01:13 PM)
hmm i was told that auction property is rather risky and also can be at times higher then market price.
Actually what is the benefit of buying an auctioned property?
IMHO, I would only buy auction property if:Actually what is the benefit of buying an auctioned property?
1. Auction property is 20% lower than market price. Do your due diligence.
2. Auction property is vacant to avoid hassle of eviction.
3. There is no caveat on auction property. Do a land search.
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