In the Low Bid Home Auction, Homes are Sold Under $500 (Five Hundred Dollars) for Cash, Free and Clear of a Mortgage.
Here's How it Works...
You Can place an Initial Sealed Bid between One Penny and Five Hundred Dollars for this Home (Auction ID #4972) in the initial entry form below. (A Place Holder Bid)
Once the Bid Reserve has been met (the Number of Bids Required in the Auction), the Validation Process Begins. You will receive an Electronic Notification sent to your email address with a Final Registration Link. This link will have “The Home Auction Service Pack" (outlined below), General Terms and Conditions, and a Place for you to Submit your Final Bid Amount before the Close of the Auction.
"The Home Auction Service Pack" includes the following:
Survey
Appraisal
Pest Inspection
Preliminary Title
Home Inspection
Seller's Disclosure
There is a fee of $110 to validate your final bid once you have received and accepted the information contained within the Home Auction Service Pack. These fees collected pay for the Cost of the Home and the Various Services provided.
Upon the close of the Auction the Bidder with the Lowest Bid Amount, unmatched by any other bidder in the Auction or "Unique" in Value, will Purchase the Home for that amount (Under $500 Cash) Free and Clear of all Liens. (All successful bids in home auctions are "Unique in Value", only one person in any Auction leaves with the house). As an example if you place a bid for one penny and another bidder does the same, one penny is the lowest bid amount in the auction but no longer unique in value. Duplicate bids cancel each other out and similar to standard high bid auctions, bid values increase during the course of the auction.
The Lowest Unique Bid Becomes the Cash Sale Price of the Home (Under $500). You will have 48 hours to execute a contract for purchase for that amount, place your entire Cash Bid into escrow and 60 days to perform any and all further inspections and close on the property. Possession is delivered upon Closing.
The Additional Costs Covered Within the Auction:
Title Insurance Policy to Buyer
Recording Fees to the Buyer
Home Warranty for the first year to the Buyer
Taxes & Insurance Paid for the First Year of Home Ownership to the Buyer
Pool Care, Lawn Care & Pest Control for the First Year to the Buyer
$100,000 Cash Back at Closing for Deferred Maintenance
IF YOU WOULD LIKE TO PURCHASE A HOME VALUED AT $500K IN YOUR COUNTY THEN SELECT "AUCTION ID # $500K FOR A FLORIDA HOME" AND SELECT YOUR COUNTY. I KNOW HOW DIFFICULT IT IS TO OBTAIN FINANCING THESE DAYS AND WOULD LIKE TO HELP AS MANY BUYERS AS POSSIBLE GET INTO A HOME "FREE AND CLEAR". YOUR BID WILL ONLY ACT AS A PLACEHOLDER BID UNTIL ALL BIDS IN YOUR COUNTY ARE COLLECTED AND VALIDATED. ONLY 2,900 BIDDERS ARE ALLOWED INTO EACH HOME AUCTION PER COUNTY AND THE SERVICE FEE FOR THIS AUCTION IS $250 ONCE ALL BIDDERS HAVE REGISTERED.
REMEMBER YOU DO NOT BID MORE THAN FIVE HUNDRED DOLLARS IN THIS HOME AUCTION. The additional cost of the home is covered in the service pack fees collected at the close of the auction.
EXPENSE DETAILS # 4972
Property Taxes: $400.00/Month
Homeowners Insurance: $200.00/Month
Flood Insurance: Not Required
Electric: $350.00/12 Month Average
Water: $85.00/12 Month Average
Pool: $85.00/Month
Pest: $15.00/Month
Lawn: $85.00/Month
HOA: $55.00/Month
Home Warranty: $58.00/Month
Total Monthly Expenses: $1,333.00/Month
Rental Value: $1,750.00/Month
** MORE HOME INFORMATION**
** VIEW SAMPLE AUCTION RESULTS**
**WATCH THE HOW IT WORKS VIDEO**
BID NOW UNDER $500
Here's How it Works...
You Can place an Initial Sealed Bid between One Penny and Five Hundred Dollars for this Home (Auction ID #4972) in the initial entry form below. (A Place Holder Bid)
Once the Bid Reserve has been met (the Number of Bids Required in the Auction), the Validation Process Begins. You will receive an Electronic Notification sent to your email address with a Final Registration Link. This link will have “The Home Auction Service Pack" (outlined below), General Terms and Conditions, and a Place for you to Submit your Final Bid Amount before the Close of the Auction.
"The Home Auction Service Pack" includes the following:
Survey
Appraisal
Pest Inspection
Preliminary Title
Home Inspection
Seller's Disclosure
There is a fee of $110 to validate your final bid once you have received and accepted the information contained within the Home Auction Service Pack. These fees collected pay for the Cost of the Home and the Various Services provided.
Upon the close of the Auction the Bidder with the Lowest Bid Amount, unmatched by any other bidder in the Auction or "Unique" in Value, will Purchase the Home for that amount (Under $500 Cash) Free and Clear of all Liens. (All successful bids in home auctions are "Unique in Value", only one person in any Auction leaves with the house). As an example if you place a bid for one penny and another bidder does the same, one penny is the lowest bid amount in the auction but no longer unique in value. Duplicate bids cancel each other out and similar to standard high bid auctions, bid values increase during the course of the auction.
The Lowest Unique Bid Becomes the Cash Sale Price of the Home (Under $500). You will have 48 hours to execute a contract for purchase for that amount, place your entire Cash Bid into escrow and 60 days to perform any and all further inspections and close on the property. Possession is delivered upon Closing.
The Additional Costs Covered Within the Auction:
Title Insurance Policy to Buyer
Recording Fees to the Buyer
Home Warranty for the first year to the Buyer
Taxes & Insurance Paid for the First Year of Home Ownership to the Buyer
Pool Care, Lawn Care & Pest Control for the First Year to the Buyer
$100,000 Cash Back at Closing for Deferred Maintenance
IF YOU WOULD LIKE TO PURCHASE A HOME VALUED AT $500K IN YOUR COUNTY THEN SELECT "AUCTION ID # $500K FOR A FLORIDA HOME" AND SELECT YOUR COUNTY. I KNOW HOW DIFFICULT IT IS TO OBTAIN FINANCING THESE DAYS AND WOULD LIKE TO HELP AS MANY BUYERS AS POSSIBLE GET INTO A HOME "FREE AND CLEAR". YOUR BID WILL ONLY ACT AS A PLACEHOLDER BID UNTIL ALL BIDS IN YOUR COUNTY ARE COLLECTED AND VALIDATED. ONLY 2,900 BIDDERS ARE ALLOWED INTO EACH HOME AUCTION PER COUNTY AND THE SERVICE FEE FOR THIS AUCTION IS $250 ONCE ALL BIDDERS HAVE REGISTERED.
REMEMBER YOU DO NOT BID MORE THAN FIVE HUNDRED DOLLARS IN THIS HOME AUCTION. The additional cost of the home is covered in the service pack fees collected at the close of the auction.
EXPENSE DETAILS # 4972
Property Taxes: $400.00/Month
Homeowners Insurance: $200.00/Month
Flood Insurance: Not Required
Electric: $350.00/12 Month Average
Water: $85.00/12 Month Average
Pool: $85.00/Month
Pest: $15.00/Month
Lawn: $85.00/Month
HOA: $55.00/Month
Home Warranty: $58.00/Month
Total Monthly Expenses: $1,333.00/Month
Rental Value: $1,750.00/Month
** MORE HOME INFORMATION**
** VIEW SAMPLE AUCTION RESULTS**
**WATCH THE HOW IT WORKS VIDEO**
BID NOW UNDER $500
Need to Sell Your Florida Property?
We are actively accepting properties throughout the State of Florida into our High Bid and Low Bid Listing Platforms. Each property once listed receives an internet presence with global syndication in order to attract a mass audience. The goal is to expedite your sale and make your transition as smooth as conceivably possible. Please provide us with the information below so we can best serve you or contact the Real Estate Broker Maureen E. Marcus for a professional consultation.
By submitting a property into Marcus Real Estate for review it does not in any way guarantee that the listing will be approved and/or accepted. Marcus Real Estate reserves the right to subjectively decline or accept a listing, without prejudice but with careful consideration to the integrity and details within each file.
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