Honest Realestate Agent

Posts Tagged ‘Government Auctions’

Compared to all the different asset types in the investment market, real estate is still one of the most compelling asset types. There simply is nothing else quite like it. Regardless of the many negative comments in the marketplace, this is still an asset class that can give an above average percentage return over the medium term.

Property speculators have a variety of places from where they can source real estate deals. One of the many is at government property auctions. It’s not a hidden truth that you as investor can still win big at property auctions of all shapes and sizes.

So now you may be thinking that this sounds a little too straightforward and simple. The fact is that it’s both easy to make money with government property auctions and difficult. This is not a difficullt task. The secret to success is to ‘get your hands dirty’ by attending as many events as possible and do good thorough research. This way you will find real estate gems. Why most people struggle to find good deals is because they only attend a small number of these auction events. Time has taught everyone of us that you don’t just get any significant overnight.  

So as a complete novice, what do I need to do to shop around for this type of property?

The kind of government property auctions can be grouped into two categories. The kind of auction where the real estate sold is the kind where the property was under government ownership before. Also what you’ll find is real estate which the government never had ownership off but rather confiscated from individuals and legal entities in their capacity as law enforcer.

The government is made up of many, many wide ranging departments and agencies. As government institutions these entities own real estate of all shapes and sizes, e.g. commercial, residential and industrial. Due to these properties becoming surplus over a space of time they are put up for sale at auctions.

The wide array of departments have a variety of methods to announce the auction dates. Most of them will distribute auction times by using suitable newspaper platforms and through newsletter distribution lists on the internet. In this manner the public can hear of the events through objective news and media outlets.

Even though there are a few different agencies that host these auctions, there are some departments to follow closely in order to find a good government property auction.

These include:

The Housing and Urban Development Department
The Department in Charge of Veteran Affairs
The State Department

These departments are entirely different in their functionailty and objectives with completely different goals. The fact that they’re involved in property auctions, presents potential lucrative opportunities for investors. The US State department provides a unique opportunity to investors in order to add foreign real estate investments to their mix of assets.

Auctions of government property are a great place to look for good real estate deals and with time you are just about guaranteed to be successful.

It’s definitely no secret that many property investors made big bucks with government property auctions. Real estate auctions of governments still have today (similar to decades ago) great deals, so property speculators still benefit from them massively.

Auctions of government property are conducted on real estate that the government both owned and property that was seized. For the most part it is the seized real estate auctions of the government that property investors are interested in. As the agent in charge of selling the property, the government has no financial interest in seeing any type of reserve or minimum price which results in sometimes very low prices.

Although you’ll find that there are a large number of state and federal agencies that confscate real estate in the US, only a fraction of them are worth your attention. We look at these shortly:

The Treasury Department

A large number of government institutions rely on the treasury department to seize assets, various good and real estate on behalf of them. The variety of work done also include confiscating property for the US Secret Service and the Customs department. The reason for this is generally because of criminal activity that lead to arrests, indictment and conviction.

Luckily for us investors these auctions are open to the public. This obviously also means that competition can get pretty intense. This ‘bridge’ is easily crossed. Calculate a price beforehand that you are willing to pay and don’t bid anything more than that. As with other government auctions, they are usually announced on the department’s website and relevant newspapers.

United States Marshall Office

This agency have the functional task to both confiscate and sell through auctions real estate from indicted criminals. This they do not just for themselve but also other departments and agencies such as the Federal Bureau of investigation amongst others.

IRS

The IRS needs no introduction. They are responsible for enforcing the country’s tax code. Sadly many individuals and corporations still evade their tax liability and they do get caught. This gives rise to the IRS confiscating their property items and selling them of at a government real estate auction.

The main point of these auctions for investors are the ability to participate as well as the opportunity to buy great real estate at a fraction of their true market value. Obviously don’t expect to get that live changing deal when you attend your first auction. This off course is not entirely impossible, althoug experience shows that it’s best to put some time in, attend auctions as often as you can and then you’ll end up with a stellar property investment.

Posted on April 26th, 2009 by Lindsey Harper

Spring is here and summer is coming! I always love the summer time. It means lots of fun outdoor activities, many of which take place at or near the water. There’s boating, swimming, windsurfing, fishing, etc. One of the best places to experience this fun is at your own summer property.

Have you always dreamt about buying a lot near the lake? Do you live near Kansas City, or are you interested in the area? I found this pristine residential lot for sale in Kansas City at an auction site! It’s so beautiful that I had to check it out!

The auction site describes the lot as a “steal.” I have to agree! You get 4,500 square feet of beautiful waterfront property for sale for a minimum bid of $399! That’s an incredible price!

Great deals like this don’t come along every day. This auction ends on April 30 at 4:45 p.m., so don’t miss out!

Kansas City Lot for Sale

A real estate auction is not hard to find at Government Auction Network! If you want a lot for sale, a single family home, a condo, or more, Government Auction Network has it! You simply join the site and then plug in your information.

Government Auction Network will list government auctions, but you can also discover an auction site that showcases private auctions. That’s where I found this lot for sale in Kansas City!

Not interested in real estate? Government Auction Network also provides information on vehicles for sale and other stuff like televisions, computers, jewelry, furniture, and more! Basically, if you’re in the market to buy something, visit Government Auction Network first. Chances are you’ll find it!

Hit me up with questions! Click on “About Lindsey” then click on “Just Ask Me.” I’m ready to save you money!

Government Auction Network – auction site – lot for sale – waterfront property for sale

Posted on April 19th, 2009 by Lindsey Harper

Its Lindsey Harper here, and I spend a lot of time looking for the best deals when it comes to real estate. I’ve learned that government foreclosure property offers consumers some of the best prices with it comes to homes and businesses. For example, today I’ve found a great deal on this Denver, Colorado home.

This brick home for sale in Colorado, located at 4476 Pennsylvania Street in Denver, is going for only $39,900. It features two bedrooms and one bath.

Government foreclosure auctions offer cheap homes for sale because these homes were financed through low cost loan programs. For example, HUD (United States Department of Housing and Urban Development) is one of these programs. When an owner fails to pay on this type of a loan, the lender will seize the property and re-sell it at a very affordable price.

Go to Government Auction Network to get more information about this home for sale in Colorado:

Government Foreclosure Denver Colorado Home

I highly recommend Government Auction Network as your only stop to discover government foreclosure property. There’s no need to look anywhere else. Government Auction Network gives you extensive listings of such property, across the US.

So, depending on where you live or where you want to invest, Government Auction Network will have a property for you to explore. If you live in New York, plug in information for New York. If you live in California, plug in information for California, and so on!

Government Auction Network saves you time. We all have busy lives, and nobody wants to spend all their time online. Government Auction Network brings you cheap homes for sale without your having to look hard for them!

Contact me with questions by clicking on “About Lindsey” and then “Just Ask Me.”

Government Auction Network – government foreclosure - home for sale in Colorado – cheap homes