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Arizona Home Auction: Also called a public sale, a publicly held sale at which Arizona properties are being sold to the highest bidder.
Welcome to
Arizona Auction Property
How to buy Greater Phoenix Arizona Auction Properties:
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Must be registered prior to Phoenix auction date
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$5,000 earnest deposit per property bid
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Financing available through auction for qualified borrowers
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All Arizona auction property available for inspection preview 1-2 weeks prior to auction
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All properties sold in "As-Is" condition
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All sales are final
Although realtor representation is not required to attend auction, we at RealVision highly recommend representation for the following reasons:
- Auction suggested value in many cases is not actual market value
- Professionals on staff to help evaluate any rehab necessary
- Auctioneers represent the seller not the buyer in ALL transactions
Many people believe that attending an auction without realtor representation saves them commission fees. This is simply not true! All commissions are built in to the structure of the sale of the auction property, regardless of weather you use a Phoenix realtor or attend auction on your own accord. Therefore, we strongly recommend you register through RealVision Investment Group to help you evaluate the area and the quality of each home of interest to you.
Home Auction 101 combined with FAQ's:
What kind of properties are sold at an Arizona Home Auction?
- Properties that are already Phoenix Lender Owned Bank owned REO property
- Arizona Properties that have already gone through Foreclosure or Sheriffs sale
- Properties will range from Single Family homes, condos, townhomes and 4-plex units
How are the subject home prices determined and how current with todays market are they?
- appraised value of the auctioned property in connection with the most recent mortgage
- the most recent price the property was offered on the Arizona open market
- the assessed value
- the most recent broker price opinion of the subject property
Should you be inspecting the properties you would like to bid on at the Phoenix Home Auction?
- Yes of course! The only way to make a good investment in Phoenix, a sound financial move and purchase a auctioned home is to have it professionally and physically inspected. RealVision Group will inspect and provide a current market analysis of each Phoenix Auction property you have an interest in.
- Also, you should take into consideration the property information and disclosure of documents which pertain to the subject property.
- Remember once you have registered and you are the successful bidder of an auctioned home you have waived your right to further inspections you accept property "AS-IS" and all relevant information along with it.
Should you be using a Phoenix broker/agent with experience at an Arizona home auction?
- Yes...it is important especially for the inexperienced out of state buyer or investor.
- RealVision Group has represented numerous successful bidders over the years and continue to represent purchasers at all major Phoenix home auctions.
- Worried about commissions...most major auctions pay the Phoenix homebuyer Agent (1%) of bid. This commission structure is built into the price of each home and does not effect the purchase in any way.
What are some of the major home auctions that come to the Phoenix area?
- REDC is the largest home auction in the Greater Phoenix area. They have sold over $2 Billion in assets over the past 12 months...get your cashiers checks ready and contact us to register TODAY!!
RealVision Group offers some of the best real estate foreclosure deals in Arizona. You can have access to listings 24 hours a day, 7 days a week. We provide exceptional services regarding Phoenix home auctions and properties being auctioned. We also offer personalized listings of properties on upcoming auctions based on your request.
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