top 10 real estate auction sites (PDF)

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Top 10 Real Estate Auction Sites
Your Guide to Online Real Estate Auctions.
More and more, people are choosing to make real estate purchases online.
Whether it’s a vacation property, rental property, a property to flip, or a primary
residence, rather than undergo the traditional experience of combing through
listings, dealing with agents or spending hours at a live auction, many have found
that they can meet their real estate goals more efficiently and cost effectively
through online auctions.

How are these Properties Available?
For many years, properties that had been foreclosed on or seized by the
government for various reasons have been auctioned off to the public both live and
online. Increasingly, however, properties that are not seized or foreclosed on are
being sold through online auction. For example, developers are selling new
properties online, bank-owned homes and short sales are also being listed, along
with commercial properties.
How is a Live Real Estate Auction Different from an Online Auction?
There are many benefits to online property auctions, most important of which is
that the entire process is based on your schedule. Plus, you can broaden your
scope of property searches to those which you may not have seen using a real
estate agent.
Top 10 Real Estate
Auction Sites
© 2016 Public Auction Finder

Page 2

Do Your Research and Put All Your Ducks in a Row.
When you’re ready to explore the online real estate auction route, there are some
amazing property deals to be had. These are some points to consider:
(a) Even before you begin researching, know your end goal and ask yourself these
questions: What type of property are you looking for and what’s your timeline. Do
you have access to the required funds? And even, do you have a network of contractors for repairs or renovations?
(b) Do some initial prep work so your experience runs smoothly and hiccups are
avoided. For example, register with your chosen site, ensure your financing is in
place and all the necessary paperwork in order. Paperwork required can include
proof of funds (i.e. recent bank or brokerage statements), and entity documents (if
you are bidding under a company name or entity). Each site should tell you exactly
what documents are required to finalize a purchase.
(c) Once you’ve registered on your selected auction site, look around at the properties available. Most sites provide a lot of detailed information about the properties they list.
(d) Financing: Find out what the minimum bids are, how much you’ll need to put
down and whether it is non-refundable. Keep in mind that you may need to factor
in a Buyer’s Premium which is typically a small percentage of the winning bid.
(e) And last but not least, consider title insurance to find any kind of ownership
issues on the property which will save you headaches in the long-run.
Let’s get started
Here is a list of the top online real estate auction sites:

Top 10 Real Estate
Auction Sites
© 2016 Public Auction Finder

Page 3

1. Auction
One of the leading online real estate marketplace, this site focuses on the sale of
bank-owned and foreclosure properties, as well as live trustee sale events.

Top 10 Real Estate
Auction Sites
© 2016 Public Auction Finder

Page 4

2. Hubzu
This online real estate marketplace was updated last year and offers auctions,
traditional sales, short sale and bank-owned properties, including studios,
single-family homes, multi-unit, multi-family residences, condominiums,
town-homes, mixed-use properties, mobile homes and land.

Top 10 Real Estate
Auction Sites
© 2016 Public Auction Finder

Page 5

3. Treasury Gov
Here you can access several types of properties across the United States and
Puerto Rico that have been seized and forfeited because of federal law violations.
All auctions listed here are free and open to the public.

Top 10 Real Estate
Auction Sites
© 2016 Public Auction Finder

Page 6

4. Bid4assets
Founded in 1999, Bid4Assets has sold over 70,000 properties nationwide.
They auction below market value real estate and personal property for private
investors, government agencies, and many counties throughout the United States.

Top 10 Real Estate
Auction Sites
© 2016 Public Auction Finder

Page 7

5. Landwatch
Listings here include investment or recreation property, farms, hunting land, large
acreages, homesites, land for development, cabins, log homes and second homes.
Once you register on this site (it’s free) you can save searches, receive notifications
of new listings, updates on listings, as well as their newsletter.

Top 10 Real Estate
Auction Sites
© 2016 Public Auction Finder

Page 8

6. Foreclosure
This is among the largest provider of distressed properties, with more than
1.8 million foreclosure, pre-foreclosure, bankruptcy and tax lien listings across the
United States.

Top 10 Real Estate
Auction Sites
© 2016 Public Auction Finder

Page 9

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