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#445587 - 05/20/15 02:34 AM Can real estate agents buy at auction?
Aftermath707 Offline
Junior Member

Registered: 04/09/15
Posts: 8
Loc: California
Can't seem to find any info on this....

Was wondering if real estate agents can buy properties at auctions

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#445588 - 05/20/15 06:37 AM Re: Can real estate agents buy at auction? [Re: Aftermath707]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7950
Loc: Vermont's North-East Kingdom
Yes, provided that they have the money.

This is still a free Country, so I can't see why such a prohibition would benefit anyone.

Who do you believe would be the aggrieved parties ?

Some State jurisdictions may mandate that disclosure be made . . . . but really, who's going to be paying attention, The Auctioneer ?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#447601 - 09/03/15 05:50 PM Re: Can real estate agents buy at auction? [Re: Aftermath707]
kevinpeter Offline
Junior Member

Registered: 09/03/15
Posts: 1
Loc: NY
Well I was on a trip to Dubai and I was actually searching for some real estate investors for the same thing and I found people actually buy at auction there.

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#449440 - 12/17/15 10:57 PM Re: Can real estate agents buy at auction? [Re: Aftermath707]
adambond Offline
Member

Registered: 11/08/15
Posts: 17
Loc: usa
The traditional channels of searching real estate listings and working with real estate agents aren't the only way to acquire a property. Experienced real estate investors often purchase properties at auctions. But auctions aren't limited to professionals - novices have purchased their homes at auctions, too.

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#455012 - 10/19/16 09:40 AM Re: Can real estate agents buy at auction? [Re: Aftermath707]
goasya Offline
Member

Registered: 07/16/16
Posts: 59
Loc: Karnataka,India
I don't see why not,if they have money

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#455385 - 11/11/16 06:46 AM Re: Can real estate agents buy at auction? [Re: Aftermath707]
Lak Apartments Offline
Member

Registered: 10/13/16
Posts: 10
Loc: 3-4 Ashburn Gardens,South Kens...
If they have money for investment and also have a plan or way for progress on it.The why not?...

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#455965 - 12/20/16 07:43 AM Re: Can real estate agents buy at auction? [Re: Aftermath707]
allpropinvestmen Offline
Member

Registered: 12/13/16
Posts: 10
Loc: Washington
Yes they can if they have money to spend.

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#456270 - 01/11/17 03:39 AM Re: Can real estate agents buy at auction? [Re: Aftermath707]
Jhony Offline
Member

Registered: 12/14/16
Posts: 44
Loc: Maharashtra > Other areas
Hi,

Yes offcourse real estate agents can buy properties at auctions if they have money to spend

Thanks

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#464672 - 05/07/19 03:54 AM Re: Can real estate agents buy at auction? [Re: Aftermath707]
YadwinderKaushal Offline
Junior Member

Registered: 01/31/19
Posts: 4
Loc: Papatoetoe
Yes of course , real estate agents can buy at auction.if you are looking to buy a house at real estate auction, then follow these steps:-

1.Understand How Real Estate Auctions Work
2.Set Your Investment Parameters
3.Find & Register for a Real Estate Auction
4.Line Up Your Real Estate Auction Financing
5.Participate in the Auction
6.Win the Auction & Close on the Property

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#464676 - 05/07/19 07:09 AM Re: Can real estate agents buy at auction? [Re: YadwinderKaushal]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 380
Loc: New Hampshire
Originally Posted By: YadwinderKaushal
Yes of course , real estate agents can buy at auction.if you are looking to buy a house at real estate auction, then follow these steps:-

1.Understand How Real Estate Auctions Work
2.Set Your Investment Parameters
3.Find & Register for a Real Estate Auction
4.Line Up Your Real Estate Auction Financing
5.Participate in the Auction
6.Win the Auction & Close on the Property

From experience, I would have switched your #3 and #4. Otherwise, you are spot on.

And I could not over-emphasize the importance of understanding how the auction works. If your financing requires a P&S and the auction doesn't provide one, the time to know that is before your bid.

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