How to Find Real Estate Auctions
Real estate auctions are a good way to purchase property at a deep discount, and there are several sources you can use to find out about them. These include websites, newspaper and magazine classifieds, your local city hall and word-of-mouth.
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Instructions
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Organize your search for auctions by using multiple sources, such as the Internet and local newspapers and magazines.
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Start your search online. Many websites can help you find auctions, and you can search by such categories as keyword, postal code, state, distance and property type. Some sites to try: Williams and Williams Worldwide (http://www.williamsauction.com), the National Auctioneers Association (http://www.naarealestateauctions.com) and http://www.myaffordablerealestate.com.
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Remember Uncle Sam during your search. The U.S. Treasury Department has a website for seized property that's up for auction (http://www.treas.gov/auctions/treasury/rp). This site advertises auctions throughout the U.S. and Puerto Rico. You can search for a variety of property types. Also, check the website for your city's district attorney's office, or call your local city hall if you are interested in a particular property and inquire about upcoming sheriff's sales.
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Browse the classifieds in local newspapers to find out about auctions. Local magazines may list them as well. Also, some useful books can help with your search, such as "How to Buy Foreclosed Real Estate for a Fraction of Its Value" by Theodore J. Dallow.
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Tips & Warnings
Be financially prepared if you intend to bid
Take any necessary documents you'll need to bid
Attend one or two auctions before making a bid
