Billed as the nation’s leading platform for connecting sellers of residential bank-owned and foreclosure properties with everyday buyers, Auction.com has helped people invest in real estate properties totaling over $39 billion since the website launched about 11 years ago.
The process of using Auction.com to find and purchase investment properties couldn’t be much simpler. Prospective buyers get started by creating a free Auction.com user account and then searching a robust database that features more than 30,000 properties — all at a discounted rate.
When you find a property or home that catches your eye and makes you take a second look, click “start” and “save” on the dashboard. The more properties a potential buyer bookmarks on the site, the more relevant their personal auction recommendations become.
You can research and view property information reports and other documents on the property details page. If you are participating in an in-person auction, event details such as date, time, location, and what to bring to the auction are also available to view.
To bid in an online auction, first click “register for auction” and follow the subsequent prompts. To place an online bid, log into your account, locate the property from your dashboard and enter your bid amount. Once you’ve placed your bid, you can track the auction directly from your dashboard. If you win an auction, be sure to submit your information so Auction.com can generate a contract and send it straight to the seller.
The Auction.com contracting and closing team is always ready to help guide you through the purchasing and closing processes. Auction.com boasts a support team of more than 1,000 agents offering online and in-person assistance.
Through Auction.com, investors gain a deep collection of property data, increased interaction with sellers, extensive education, time-saving services and more, to help them find real estate deals and maximize returns.
With nine locations across five states (California, Texas, New Jersey, Nevada and Arizona), Auction.com claims some 4.4 million registered users along with some 329,000 properties sold to date, and more than 15,000 annual auctions across the 50 U.S. states.
*Intent does not endorse or recommend any particular products or services. The information contained in this article is for general information purposes only.
As one-stop shops for home buying and selling go, it’s hard to find one better equipped than Owners.com — a tech-enabled real estate brokerage that handles all key aspects of the home buying and selling process.\n\nIn business since 1996, Owners.com offers superior experience and savings through appropriately sized commission structures, smart digital tools and personalized service from local real estate agents. Collectively, these elements can save buyers thousands of dollars when it comes time to close on their home.
After starting out as an online directory of for-sale-by-owner (FSBO) property listings, Owners.com expanded its horizons in 2001 by giving FSBO sellers the opportunity to add listings to their local multiple listing service (MLS) for a fixed fee. By 2014, Owners.com had reached an even broader audience thanks to expanded seller choices, local agent support, increased exposure and commission savings. As of 2019, Owners.com had helped sell over 160,000 residential properties since 2009.
The success of Owners.com isn’t surprising, given the benefits that the Atlanta, Georgia-based company offers potential homebuyers. Consider, for example, that traditional real estate brokerages charge up to six percent to sell your home, and this commission is usually split between the listing broker and the buyer’s broker. If your home’s sale price is $200,000, you could be paying commissions up to $12,000, with $6,000 going to the listing broker and $6,000 to the buyer’s broker.
Owners.com is different because it offers numerous listing packages to fit a buyer’s specific needs and save a buyer on commissions. Sellers, meanwhile, should consider Owners.com for the simple fact that properties marketed on the company’s website are exposed to thousands of registered users. Additionally, if you purchase the Owners.com Flat Fee MLS, MLS Premium or 2% Full-Service Agent Listing Package, your home will be listed in your local MLS and the listings will be distributed on national real estate sites such as Zillow, Realtor.com, Trulia and Homes.com.
Recognized for its innovative approach to real estate, Owners.com has earned awards from numerous technology, financial and real estate leaders, including Forbes, PC Magazine, Fast Company and HousingWire. Call 866.874.8374 or visit the Owners.com resources page to learn more.
Although milliennials account for the largest homebuying group in the US today, a large number of them are having trouble purchasing a home due to personal debt.
The cost of education in the United States continues to rise, and those attending college are borrowing more money to attend their choice schools. Tuition costs are often so high that it takes graduates many years to repay their debts. Fortunately, Fannie Mae and Freddie Mac have introduced some significant changes to make exceptions for borrowers in debt from student loans and make purchasing a home a possiblity. Using debt-to-income ratio (DTI), a mortgage lender determines the amount of money for which a borrower qualifies. DTI compares a borrower’s monthly debt payments to their total monthly income. Fannie Mae, Freddie Mac and the FHA have recently changed how student loans are considered in qualifying DTI and the mortgage underwriting process. Some of these changes include:
Student loan cash-out refinance: This option allows high-interest student debt to be paid off while refinancing to a lower mortgage rate.
Debt paid by others: This option excludes from the borrower’s DTI the non-mortgage debt paid by someone else.
Student debt payment calculation: Lenders have the ability to accept student loan payment information on credit reports, increasing the borrower’s chances of being approved for a mortgage.
Graduated repayment plan: Mortgage payments start low and increase two years at a time to meet the rising income of a recent college graduate. With lower monthly payments, the DTI is reduced, which can help borrowers qualify for a loan.
For more information on purchasing a home with student loan debt, click here.