Maria Gudelis

It seems the tide is turning to finally get great deals at the real estate auctions you see advertised for the last year by big companies like REDC and others.  Just look in your local newspaper for that HUGE advertisement of a live real estate auction.  As you know, I, Maria Gudelis am a huge fan of selling your real estate via an online real estate auction but I haven’t spent a lot of time at real estate auctions to buy real estate as they were not the best place to find deals over regular mailings, phoning fsbo’s and other marketing methods to get your deal.

You see, in the last year if you went with a mindset that you will get a great deal at these auctions your chances of that were pretty slim as they didn’t let the price go too low or as low as a SANE real estate investor would pay for a property to allow a profit margin after fix up, marketing costs, realtor commissions paid, holding costs and your cost of financing.

Well, as reported by Bruce Norris at a recent Bill Gatten real estate seminar, the tide has turned as his company finally won an auction for a price that is a deal for a real estate investor.  His team had to look at 40 houses to find that one deal but he figures there is about $20,000 profit in that deal.

Stay tuned for more info on the real estate auction house prices.