Remove Design Remove Hard money loan Remove Inspection Remove Short sale
article thumbnail

How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

HomeLight

With online foreclosure auctions, you submit your offer digitally during a designated day and time. They may also allow you to see the amount of other bids, but sometimes you’ll be bidding without any idea how much money others are offering. “An Unlike live auctions, many auction websites charge a fee on top of the sale price. “If

article thumbnail

Flipping Houses in Texas: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Even if something went wrong, you likely wouldn’t end up losing money. Once you win your bid, it’s absolutely crucial that you get a home inspection and an appraisal.