Florida Foreclosure Auctions

How to Choose a Real Estate Agent in Florida

Buying a foreclosed property at a live auction may seem intimidating, but if you do your homework, it shouldn’t be.  Using a South Florida Real Estate Agent can help.  Even a Palm Beach Gardens Realtor. Florida is a judicial foreclosure state, meaning the foreclosure proceeds through the court system.  Worst case is you look at how to choose a real estate agent in Florida.  In January 2018, according to the company RealtyTrac, there were about 570,899 homes in some stage of foreclosure in the U.S. 

The Foreclosure Process: Understanding How Foreclosures Work

In Florida, the final step of a foreclosure is the auction of the property.  There are many Top Realtors Palm Beach Gardens. This usually takes place in a designated area of the county courthouse in the county where the property was located.  The South Florida realtor can assist you.  There are some online auctions which appear to be gaining in popularity. It is probably advisable to actually see the property before you bid online but not everyone does.

Even buying at auction has its complications. A Florida Real EstateBroker works very hard. There are terms of sale, contracts that bind you to the purchase and a deposit that has to be made.  Not knowing the nuances of the process may result in you losing your deposit or opening you up to additional costs that you were not careful enough to identify.  Then it is time for top South Florida real estate agents.

What is clear if you want to bid on a foreclosure is that you have to register. Those that know top South Florida Realtors are lucky. If you attend a live auction, the person responsible for holding the auction wants to know who you are and your contact information. Be prepared to have all the information ready that is needed. Real Estate Agents in Florida are the best.

By:  Steve Baum

Sales Associate, Illustrated Properties, Palm Beach Gardens, Florida