“It saves the seller a lot of money, time, and effort if they would even consider the option of auctioning their home vs. the traditional listing of a property." - Jeannette Gray

Episode Summary:

This week on Strive for 25, Joel talks with Jeannette Gray about auction properties.  

They discuss the misconception that auctions only involve bank-owned or foreclosed properties and explain how auctions can include properties from various sources such as banks, sellers, and estate sales. Jeannette provides insights into the process of auctioning properties, including the role of auction houses, setting reserves, advertising, and the bidding process. They also touch on the types of buyers, financing options, and the potential for getting a good deal at auctions. Tune in for insights on a new way to buy and sell!

In this episode:

• Understanding the auction property world.
• The process and evolution of auctions.
• Understanding a bidding war.
• The pros and cons of auctions.
• The reality of auction deals.
• Buying auction properties 'As Is'.
• Understanding the auction market.
• The versatility of auction platforms.
• Understanding zoning and its importance.
• Hiring an auctioneer.

Key Takeaways:

• There are many alternatives to the traditional buying and selling of real estate. Understand your options and goals to know what works best for you.
• Hiring the right person for the job makes all the difference in a situation.

Are you ready to take charge of your financial freedom?

Get Joel’s proven formula for millionaire success in his book: https://a.co/d/d16XQuq

Or check out Joel’s course designed to empower you to take control of your financial situation and propel you towards a higher level of financial success! https://joel-farrell-be35.mykajabi.com/offers/yLCu5bFC/checkout

 Connect with Joel Farrell:

• https://www.strivefor25.com/
• joel@strivefor25
• https://www.linkedin.com/in/joelfarrellvaloans/
• https://www.youtube.com/channel/UCISoNioAVR083iLErviv6pQ/featured
• https://www.instagram.com/strivefor25_/

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Youtube Episode: https://youtu.be/AstrTNZMEec?si=payTCkaKFRv29Znv