How do you be notified if a house goes on the market?

It’s called the MLS. Any Realtor can set up a “watch” for you. (The easiest way to do that is to create an alert tied to the property’s address.) You can be instantly notified when that property goes on the market.

What do you need to know about auction properties?

Learn the basics An auction property is real estate that has been foreclosed by a bank or the High Court, mainly because the owner has failed to settle the payment for mortgages or quit rent. 2. Identify the right property

Is it a good idea to buy an occupied property?

An occupied property may be a factor in your decision-making process when searching for investment properties at auction but a home with tenants is not a deal breaker. By choosing an occupied property, you often find foreclosure or bank-owned properties for much less. And with a little TLC, you can build equity and earn a return on your investment.

Where can I buy an occupied foreclosure property?

With the right amount of preparation and knowledge, buying an occupied foreclosure or bank-owned property can be an effective way to invest in real estate and build wealth for the future. Auction.com has over 30,000 listings of foreclosure and bank-owned properties.

Who is the owner of an occupied property?

An occupied property is as it sounds, one with people living inside it at the point of purchase. The previous owners could be there, or a tenant, who may or may not have a valid lease.

What happens when you buy an occupied house?

You tell people you plan to buy an occupied foreclosure or bank-owned home and the warnings start to drop faster than a downpour during a hurricane. One friend might tell you about tenants that smashed every window in his house, while another might recount the time when she had tenants running a drug lab on her property.

What is the definition of an occupied property?

An occupied property is as it sounds, one with people living inside it at the point of purchase.