Foreclosure Auction Omaha
Investing in real estate by targeting houses sold through
foreclosure or at auction in Omaha may not be the best strategy. Real estate buyers often equate
the words Foreclosure or Auction with Cheap. That is not always the
case. During the great real estate recession lenders were inundated
with foreclosed houses. They chose to sell them quickly and
cheaply to mitigate their losses. Buyers were not plentiful so they had
little choice other than to discount the properties. However, once the
recession ended and demand returned to the market, lenders quit giving
away their REO (real estate owned). It makes little sense for lenders
to sell foreclosure real estate for less than fair value.
Selling real estate at auction is usually expensive for the seller
so that venue is avoided if possible. The bidding process at a well
attended auction can be less than advantageous for value investors. For
the most part auctions do not work well for residential real estate in
Omaha. Most properties are sold through the multiple listing system.
Media hype has made buying and flipping foreclosed houses a popular
pursuit. For investors that want to buy value properties there may be
better opportunities than foreclosure real estate in strong markets
like Omaha. Profits are not assured so make sure you know what you are
doing or use a seasoned agent knowledgeable in real estate trends with
a strong background in construction sciences. Most first time flippers
flip at a loss, so do your homework. Visit our Buyers
section for value added programs and information on investing in real
Discount commissions for sellers.
Cash rebates for buyers.