Dear Mr. or Ms. Homebuyer:
Are you intrigued by residential real estate auctions but
also a little intimidated? Among the important home buying factors of location, floor plan, property condition and
price, do you give price a bit more weight? If you answered yes to both questions, then you should look closer at
Real Estate Auction Deals.
Hello, my name is Larry Rhea, Kansas and Missouri real estate buyers agent and member of the National Association
of Realtors, the National Auctioneers Association and author of the E-book
How To Buy Your Home At Auction.
If you are what I call a Value Focused Home Buyer, like me, your mind set is:
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How much mortgage can I afford, rather than how much money can I borrow?
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Would I consider an older house with bathrooms and a kitchen that need updating thereby saving
a few thousand dollars?
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Would I consider contracting someone to paint and re-carpet if I could get the house cheap enough?
While price is important in meeting your objectives, so is minimizing risk. So let me state this
up front . . . to the uninformed buyer, auction is a riskier way to buy residential real estate than the traditional, write-an-offer
method. Why? Because prior to purchase at auction, there is often less property information available and there is less
buyer control over terms of the sale. However, to the informed buyer, these are the same conditions that create opportunity.
Home auctions can provide you the chance to buy below market value, thereby earning instant equity. Conventional financing is
the primary financing for auction purchases. With the real estate market slowing down and more auction opportunities
becoming available, there’s no reason to overpay for a house.
How To Buy Your Home At Auction is a primer on the auction process that gives a valuable, home buying tool, including important
step by step procedures. Homes for auction may be bank owned as a result of foreclosure, but this book is not advice on how to
buy at foreclosure. That is a much riskier game. The subject of this book is buying at voluntary auctions where the seller hires
an auctioneer.
When you read this invaluable 29-page, double spaced book you will learn:
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All the important things to consider in preparing to bid.
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Why auctions are almost always “As Is, No Contingencies” and what this implies.
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How to improve your chances to win while staying within your limit.
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The dozen most important auctioneer terms defined.
. . . and much more.
You will gain both a seller’s and an auctioneer’s perspective, which will help you to ask important questions
and attend the most fruitful auctions. You will not only learn how to become a competent auction buyer, but a better overall
residential real estate buyer.
Friends have said of my book, “Wow, Larry you’re giving away the farm! If they read your book, they won’t
need your auction buyer agency services.” I tell them not only am I not concerned, but I will even work for the buyer
for free. Most auctioneers will share their commission with a buyers agent. But remember, the auctioneer represents the seller.
Real estate auction deals are waiting and after this quick but thorough read, you will be prepared to bid.
How To Buy Your
Home At Auction sells for $9.95, which is a small investment compared to a huge mistake that can co$t you plenty. And, if you're
not completely satisfied, I will refund the book price within eight weeks of purchase.
But if your objective is to buy a bargain home as soon as possible, my advice is not to let an upcoming auction stop your
home search. Continue to make traditional offers to motivated sellers. And if you’re using an agent (which I strongly recommend)
and your agent is not too familiar with the auction process, I suggest you: 1.) Ask your agent to determine if the auctioneer
will “co-op” with your agent and share commission. 2.) Ask your agent to read the book and take its test to better assist you at auction.
If you are not committed to an agent,
click here to obtain an introduction to an agent in your area who knows buyer agency and the auction
process. Or, if you are an agent,
click here for consideration of becoming an accredited agent to receive referrals.
ORDER
How To Buy Your Home At Auction today for $9.95 and gain the insight you need to be a confident real estate auction bidder. eBook will be downloaded to a PDF file
instantaneously. You will need Adobe Acrobat to download and print the book. If you happen to be buying in the Kansas City, Missouri or Kansas area, consider me for your
real estate buyer agent for either auction or traditional real estate purchase.
Larry Rhea, Broker
Bid You WellŪ LLC
Kansas City, Missouri and Kansas
Disclaimer: Buying at residential real estate auctions has all the same risks as writing offers directly to sellers. However, property
information for auction sales is often less available (although your real estate auction buyer agent can help you fill the voids). Less information equals
more risk. In addition, the auction buyer has less control over sale terms. Bid You WellŪ LLC or its principals are
not responsible for the reader's use of the eBook or this material.
Residential Real Estate Auctions in Missouri
Residential Real Estate Auctions in Kansas
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