You Can Be Just as Diligent Online as In Person

November 16th, 2010 by PA - Bloger

It used to be that real estate auctions had to be an in-person process. While traditional auctions allow more actual physical accessibility to viewing the property and original documentation, it can be difficult geographically when you’re interested in a property on the other side of the country. For real estate investors who actively purchase at auction, this used to be a deterrent. Thanks to the Internet and the latest upgrades in technology, on-line real estate auctions have given investors access to properties nationwide along with every piece of information necessary.

Sellers are well aware of the ease and convenience online auctioning offers the buying market. With due diligence obviously essential when purchasing a property, potential buyers can gather all necessary materials from various websites available 24 hours a day from the comfort of their own home or office. For example, according to realtytrac.com, Google and Microsoft provide free satellite and 3D maps to thoroughly investigate the location of most properties. Information about utilities, schools, area attractions, town development, etc., is all available online. Websites such as zillow.com and realtytrac.com also offer free home value analysis to give you an estimated value on the property of interest. Realtytrac.com reports of various online tutorials as well as live customer service available to assist in the online auction process.

This technological advantage is adding to the appeal and success of real estate auctions. From anywhere in the country, a potential buyer can bid on Rucker Realty’s 17,960 SF commercial building located in Concordia, Kansas, or on Elliot Paul & Company’s 1100+ SF condo in Boca Raton, Florida. From coast to coast, regardless of time zone, online auctions are available to countless bidders and buyers that provide an abundance of new investment opportunities.


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