Auction Representatives Have Experience Making Money with Tax Deed Auctions

Online, November 16, 2009 (Newswire.com) - First an Auction Rep has to assess areas and evaluated the state and county that seems to have potential. The investor and the Auction Rep discuss what type of property to buy, and how much the investor wants to invest. Then the Auction Representative starts to look at the up-coming sales in those areas. Then the work begins, after sifting through hundreds and sometimes thousands of properties the Auction Representative must narrow down the search, they find several properties that look like they have potential and then conduct the due diligence, most create a checklist, for example checking the property values, lien searches, area evaluation, and more.
Once several properties have cleared this process they get monitored. Most Auction Representatives have to watch several properties at once, since at any time, properties can get pulled from an auction. To receive the best deals, several buying options are needed.
All this information in hand is very valuable, so that a bidding price can be accurately determined. It is extremely important to know what the properties can be resold for quickly.
Once a property has been successfully purchased, the Auction Representatives takes the necessary steps to assure a clear title. While this process is in the works, the Auction Rep is trying to secure a buyer for this property.
Payments:
The investor provides the capital to buy the properties, including for incidental fees, and the Auction Representative does all the work while receiving very little, if any payment until the property gets re-sold. A fee is agreed to between both parties before the process begins, a guideline is a rate that usually ranges from 35 to 50% from the gross profit of the sale of the property.
Auction Representatives to work very hard to find and re-sell these properties for the investors that they work with, this way both parties will reap amazing rewards from the sale. This creates a win-win situation for both the investor and the Auction Representative.
To find an Auction Representative in your area use the CONTACT US page at www.taxdeedlists.com