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If you've ever bought or sold anything on eBay, you know why online auction sites are so successful: people get excited when bidding goes up, you can view the bid history of any item, and you can bid at any time. Take those advantages and combine them with real estate and you have the new way to buy and sell: online real estate auction sites! In his article, "How to Successfully Sell Your Property Via an Online Auction Site," licensed and bonded Auctioneer Neil Kaplan shares three strategies for making an online real estate auction site work for you.
Due to the current downturn, properties throughout suburbia and even Cape Cod are finding their way to auction. Although a relatively high-risk investment strategy, buying properties at traditional auctions can net you a few good deals - if you know what you're doing. In his article, "Six Tips for Buying Properties at Traditional Auctions," 13-year auction veteran Kevin Norton gives his insider strategies for navigating the auction process - including advice on how to get out from a property you really didn't want in the first place.
Whether you're buying at traditional auctions or online, it's crucial that you understand the true market value of the property that you're considering. In our Interview with the Expert, appraiser and real estate investor Mark Jackson explains why comps and the MLS are only part of the story when determining a property's value. You also need EPA definitions, population trends for the future, and mortgage data - in short, comprehensive market data - to make an educated and profitable decision.
In this month's Mortgage Minute, Debbie Siegel relates the dirty little secret behind those mortgage rate charts you see in the Sunday newspapers. Rather than a "public service" to help make informed decisions that most investors assume them to be, these rate charts benefit someone other than you.
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| Jeremy B. Shapiro | Sheila Farragher-Gemma | |
| Co-Founders, ForeclosuresMass.com | ||
| August 2007 | Online Real Estate Auctions » |
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