How trustee auction bidding services work

trustee auction bidding services

Trustee foreclosure auctions offer home buyers a chance to purchase and p. Just to be clear, not all auction homes are foreclosures. Many owners put a property up for auction for a quick result.

If you’re looking to bid on a home in Maricopa County, whether as a primary post-retirement residence, a vacation home, to build a property rental portfolio as an income source, or even to flip, and you’re unfamiliar with the process, prepare yourself for the hefty time investment required. Not only time to learn the process involved with buying homes at an Arizona trustee sale, but also to tackle the required title searches and lien position verifications you’ll need to perform before heading to the auction sites to bid. Auctions are held all day from 9:30 a.m. to 5:00 p.m. at various locations throughout Maricopa County, and if you’re after more than one property, you’ll need time to get to each auction site to bid.

The title search and lien verification tasks are extremely important since trustee sale buyers assume any unsettled tax liens, clouds or senior liens on the property’s title that could affect your ownership. A misstep here can cost you dearly.

Even more time will need to be spent driving the properties you’re interested in purchasing at auction. You’ll need to view the homes at least from the outside (and inside, whenever possible). After a long day of completing all these tasks, you’ll still need to take the time to review the foreclosure list and select new properties to start the process all over again the next day. It really is a full-time job, beginning at 6:00 a.m. to drive the properties until 9:00 a.m. before the auctions start. From 9:30 a.m. to 5:00 p.m. you will be on the go attending auctions, performing title searches, verifying liens, and reviewing the foreclosure list for tomorrow’s properties—rinse and repeat.

The process of buying homes at Maricopa County trustee sales is not without snags and pitfalls that will test your composure and your fortitude. Even seasoned auction bidders can get frustrated, especially since many auctions are canceled or postponed with little or no notice. Entering the world of trustee auctions can be daunting and even intimidating to the uninitiated, which is why it is crucial to start only after you’ve done your research thoroughly and understand exactly what is involved.

Many people who want to take advantage of the benefits of these public auctions but simply don’t have the time it takes to make the most of the opportunities enlist experienced auction bidding services like Gentry Real Estate BuyLowAZ to run the title searches and verify that you are bidding on a first lien position. Most importantly, Gentry’s professionals attend every auction and perform the actual bidding for you. This frees up your time to drive the properties you’re most interested in pursuing, go to work, and spend time with your family. An added perk is the investor discounts on title services you get through Gentry BuyLowAZ, not to mention access to cash if you need it.

Gentry BuyLowAZ services maximize your time, minimizes your expenses, and help you avoid costly mistakes. You’re free to focus on selecting the best property (or properties) for your investment strategy.

Gentry provides investors with detailed real estate foreclosure information on properties going to auction, and status updates on sales that have been postponed or canceled. We attend every live auction and bid on behalf of our client investors Monday through Friday, guaranteeing clients the best prices possible. We purchase more than 100 properties each month on behalf of our clients, and we’ve earned a reputation for being one of the top bidding services in Phoenix—and the most trusted by investors.

Our staff of seasoned and proven professionals works closely with investors to assist them in making wise and prudent investment decisions. Of course, the ultimate decision to buy a property is always up to the investor, but our staff is here to help.

In addition to the daily lists of properties going to auction, we also provide Gentry BuyLowAZ members with market analysis and comparable properties to demonstrate the current market retail value of each individual property. Members also have access to our extensive database and can take virtual tours of any or all of our properties before bidding, from the comfort of their own homes. BuyLowAZ Pro members also get total access to our extensive drive reports, giving them the satisfaction of knowing what it is they are bidding on if they can’t drive it themselves.

Gentry BuyLowAZ members can log into our online portal to receive live, up-to-date auction results information. No need to wait until the end of the day, if you’re a member you can have instant access to auction results and all other data available.

And we’re there with you through the end. When you win a property, we provide you with a receipt of the winning bid. We organize the payment process and pay the trustee the next day, vesting the property directly into your name in a timely manner.

Giving you time to celebrate. You won!

How trustee auction bidding services work