AuctionMyDeal.com let’s investors and owner’s of properties post their own deals for Free as long as they are posting a property that can be bought at 70% to 85% ARV (after rehab value) – repairs. All deals with be evaluated by seasoned Investor/Realtors to confirm their validity and give these deals a Third Party Endorsement. This should help these Sellers/Investors Net More Money by auctioning it off to the highest bidder when marketing on an auction platform to 1,000’s of investors over settling for what their inner circle of investors will pay for the same deal.
Banks and mortgage companies won’t loan money on properties that have serious defects, so investors and property owners can only sell to other investors at a discount if they don’t want to fix these defects. There are rehab loans, but they take a long time to close due to having to get the work completed before the final closing. Typically 3 to 6 months when most sellers are wanting to close in less than 30 days. Banks will require all contractors to be on their approved list, and multiple inspections have to be made by bank inspectors that make this a long process. This is the reason that using a Hard Money lender can help investors secure more deals by closing in less than 2 weeks.
Our Team at AuctionMyDeal.com is committed to helping our members create Win/Win relationships with other Investors, and for everyone to Succeed in getting their best deal. This Free platform does require Investors & Property Owners to agree to our (Auction Participation Agreement), and upload all of the required information requested, including at least 10 pictures and a video of the property.
Properties have to be approved to Auction by our in-house Real Estate Broker with over 20 years experience selling Real Estate and Investing in Rehabs, Multi-family, Building and Wholesaling.
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