BUYING A HOME AT AUCTION

Homes sold that are sold via an auction offer deep discounts when compared to homes sold through conventional methods.

• Some homes have no set reserve price, so the homes will sell to the Bidder with the highest offer.
• Buyers can still have a chance to have a home inspection and perform due diligence.
• The Title company will still make sure that there are no liens on the property.
• Every rule applies to an auction that applies to any real estate transaction.
• Buying a home at auction is easy, fast, and cost effective.

SEARCH & SIGN UP

Search by going to the search listings page. Hit the AUCTION ALERT button to sign up or You can send an email with “Auction” in the subject line. All we need is your email and you will be alerted of every new listing in the area that you choose soldbyaaron@gmail.com.

What is Portland Home Auction?

We are licensed real estate agents in the State of Oregon that offer auction services to the residents looking to purchase or sell a property in the Portland Metro area. We use an Internet auction program to serve the needs of both buyers and sellers.

How much does it cost to buy at auction?

Zero! Our services are free to home buyers. Discounted home prices, free representation, and five star service. It’s fast, easy, and free! We specialize in Portland Home Auctions, Foreclosures, Short Sales, Bank Owned, and REO homes.

How do I buy at auction?

1. Find an auction. At Portland Home Auction.com you can search home auctions, foreclosures, REO’s, bank owned home and short sales. Search home auctions by using the interactive map under search auctions. Contact us to receive auction alerts: soldbyaaron@gmail.com.
2. Preview the home. Once you find the home, then a quick drive by will confirm or disqualify your decision about a home. If still interested contact an agent at Portland Home Auction and find out the showing instructions and preview dates.
3. Move swiftly. Savvy home buyers are catching on quickly about buying at home auctions. Call and agent and make arrangements to bid on a home. Competition for bargains create a large demand for home auctions and if you don’t move swift you could lose the home of your dreams for a price you may never find again.
4. Inspect. All home auctions at Portland Home Auction have an inspection period. This is highly recomended. Especially if you’re buying the home site un-seen. Ask one of our agents for a list of qualified home inspectors.
5. Set your bid. This is very important. The worst mistake you can make is to become emotionally attached. Once you determined the max you are willing to bid on a home at auction… stick to it. Don’t over pay!
6. Submit your bid. Once an agent at Portland Home Auction receives a bid from a buyer, you will be given further instructions from an experienced agent.
7. Win! Once you have one a bid at auction, the next steps will happen quickly. Be sure to have a pre approval letter or proof of funds. Take ownership of your new home!

How do I know if buying at auction is right for me?

Home auctions benefit everyone in the transaction. It is a win/win strategy. Home buyer’s often find rare deals, and can take possession very quickly. Not waiting for many of the contingencies of a normal real estate transaction.

A few more facts:

• A speedy process – Home auctions are quick and efficient and that’s why they are so attractive. We sell multiple homes in a short time.
• You set the price of the home buy – You are in control of the process, property, and price.
• Fun and exciting – Nothing feels better than winning a home at auction.
• Honesty of transaction – Our licensed agents provide organized and detailed information, inspection periods, and are bound by a code of ethics.

Should I wait till the date of auction to submit a bid?

Due to overwhelming responses to real estate auctions, this is not recommended. You have up until the day of the auction to submit a bid. Don’t take a chance of losing a desired home. For best results contact an agent at Portland Home Auction right away. You will be walked through the process, and have any questions answered.

Where do the homes come from?

Our home auctions come to us from lenders, banks, builders, developers, real estate agents, government agencies, motivated home sellers, and RMLS.

How do I bid?

It’s simple… Contact an agent today and get step by step instructions on buying at a home auction. Most of our auctions are silent and do not require you to attend a function.

Is there a minimum price the seller must reach?

In most cases: Yes. However Portland Home Auction does not auction a home a retail prices. All homes must be “auction priced” which is a discounted price of the market value of the home.

Is this an oral or out-cry auction?

No. This is a sealed bid auction. When you find a home. Drive by, Contact us, fill out paperwork, submit, and WIN!

What does “opening bid” mean?

The opening bid is a fair place to start the bidding. This is not the seller’s reserve price.

Can I purchase a home that is for auction prior to the auction date?

Yes. Make offer. Contact us today!

Foreclosures