Real Estate Investing: 3 Insider Tips to Winning House, Land or Foreclosure Auctions

Real Estate Investing: 3 Insider Tips to Winning House, Land or Foreclosure AuctionsHouse, land and foreclosure auctions can be one of the most nerve-wracking ways to buy a property. However, if you prepare yourself with proven bidding tactics, auctions can be a great way to purchase your dream home at a competitive price.

If you’re in-it-to-win-it, familiarize yourself with these top three tips and tricks before attending a real estate auction.

Give The Right Impression

While you may not have control over what other bidders are willing to pay for a property, you do have some control over their perception of whether or not bidding against you is worthwhile. Come well-dressed and maintain a confident demeanour to give the appearance that you are a serious buyer, one whom ‘the other guy’ likely can’t out-bid.

To enhance this appearance, do not make an offer right away. Wait until the bids have reached approximate 80% of your maximum price and then join in, as it will knock out the bargain hunters. A big first bid can be intimidating to others, making them question whether they stand a chance against you. Following bids should be made quickly and confidently to send the message that you are the person who will be closing this deal.

If you are extremely anxious to place bids, consider hiring a professional bidder to do the work for you. A seasoned pro will be able to maintain their cool while placing bids strategically to maximize your chances of getting the property you want at the price you want.

Know Your Limit

Never go into an auction without knowing your absolute limit. If you are emotionally invested in the property it is best to write your limit somewhere on the inside of your hand, so that you are forced to remember it when you’re tempted to exceed it.

In terms of setting a limit, pick a figure that isn’t rounded. Many buyers will set limits such as $500k or $1.2 million, and will drop out after these round figures have been reached. If your limit is $515k or $1.25 million, you will have an extra cushion than may just barely outbid your rivals – and that’s all you need to win.

Ask The Hard Questions

Do your research beforehand and ask the auctioneer about the property’s flaws. Questioning whether the deck is up to code or whether there is still a possibility of road widening could make other bidders second guess the property and drop out before bidding has even begun.

Ready to blow the competition out of the water? Make sure you are completely prepared for an auction, contact me today – J.P. Cook – 602-320-4253.

Click Here to See What Your Home is Worth

29825 N 78th Way Scottsdale, AZ 85266

$1,485,000
4 Beds
2.5 Baths
3,047 SqFt
Status Active
MLS # 6777822
Property Type Single Family Residence
Price Type --
Beautiful North Scottsdale Home on Large Cul-De-Sac Lot. Perfectly Updated w/ Large, Open Great Room, Walls of Windows, Gas Fireplace, open to Kitchen w/ New White Shaker Cabinets, Crown Molding, Stainless Double Ovens, Gas Cooktop, Quartz Counters & Island. Fully Remodeled Primary Suite w/ Sitting Area & All New Flooring, Two Walk-in-closets, Deluxe Tub & Shower, Chandeliers & French Doors, opens to Covered Patio & Resort Style Backyard. Entertain all ages w/ the Travertine BBQ & Bar Top, Paved Patio w/ Sun Shades, Basketball Court, In-ground Trampoline, Low Maintenance Turf & Beautiful Pool + Spa. Over 400k in Upgrades including, Long Pavered Driveway, Outdoor Lighting in Front & Back, Two New HVAC, Water Heater, Anderson Windows, Electrical, Garage Door Motor, Pool Equipment & More.

3428 E Clarendon Avenue Phoenix, AZ 85018

$1,484,900
4 Beds
3.5 Baths
2,741 SqFt
Status Active Under Contract
MLS # 6737229
Property Type Single Family Residence
Price Type --
Welcome to this exceptional home in the desirable Pomelo Park neighborhood! This beautiful property offers 4 bedrooms, a versatile bonus room perfect for an office, gym, or playroom, & 3.5 bathrooms. The home features a split floorplan, elegant fixtures, & shutters throughout, The gourmet kitchen opens to a stunning family room with 20-foot ceilings & a dramatic stacked stone fireplace. It boasts high-end cabinetry, a large kitchen island, quartz countertops, a stylish backsplash, a walk-in pantry, & Viking & KitchenAid appliances. The front yard features low-maintenance artificial turf, while the private backyard is an entertainer's dream with an outdoor kitchen, gas BBQ, expansive covered patio, misting system, & a putting green. Plus 2 Trane HVAC units installed 2023. This is the one!! All of this & so much more plus located near all of the Arcadia Hot Spots! Centrally located with easy access to downtown Phoenix, Bitmore, Arcadia, Scottsdale and the airport. Walking & biking distance to LGO, Ingos, Postinos, Trevors, and so much more!

2222 N Val Vista Drive Unit 3 Mesa, AZ 85213

$1,480,000
4 Beds
4.5 Baths
4,289 SqFt
Status Active
MLS # 6783281
Property Type Single Family Residence
Price Type --
Beautiful single story custom home in the exclusive gated community of Avalon Grove. This sophisticated home sits on a generous ¾-acre lot. Elegant formal living room boasting north facing expansive glass windows. Formal and in-kitchen dining rooms. Kitchen has both design and functionality, featuring Wolf and Subzero appliances. Don't miss the large pantry! Cozy family room with a built-in fireplace and entertainment center. Master suite with large walk in shower, jetted tub and elegant wardrobe closet. There are three en suite bedrooms, a large laundry room and a separate, stunning office/den that with custom shelving and coffered ceilings. Back yard has two attached and one detached storage areas. RV parking, a variety of citrus, grass, desert plants, stone accents + large patios Circular drive way, large 8 car slab parking and oversized three car garage. Garage has upper cabinets, storage shelves and tool chests. So many upgrades in and out. Top rated schools, easy freeway access. A must see!

28341 N 112th Way Scottsdale, AZ 85262

$1,480,000
3 Beds
3 Baths
3,003 SqFt
Status Active
MLS # 6748198
Property Type Single Family Residence
Price Type --
Seller willing to carry! Experience a blend of modern luxury and architectural brilliance in this meticulously remodeled 3-bedroom, 3-bathroom masterpiece near Troon North in Scottsdale. No expense has been spared in this complete transformation, offering the finest high-end finishes and bespoke details. The home is graced with oversized 32'' x 32'' porcelain tiles in a stunning White Carrera/Calcutta Marble finish, providing a seamless and elegant foundation throughout. Each spa-inspired bathroom is a sanctuary of luxury, featuring dual shower systems, Kohler Veil wall-hung toilets, Brizo and Lefton fixtures, and wall-hung vanities with high gloss and glass/metal finishes, topped with quartzite and glass countertops. The kitchen, a culinary work of art, boasts natural quartzite countertops, an oversized island with a waterfall edge, and a 12-inch bar overhang. The iridescent glass backsplash adds depth and dimension, while Miele appliances bring precision and sophistication. The kitchen flows effortlessly into the expansive living room, where a Modern Flames fireplace, elegantly wrapped in Carrara Marble, creates a warm and inviting ambiance. NanaWall patio doors seamlessly connect the indoors to the spacious backyard, which features natural desert landscaping, offering a serene and low-maintenance outdoor experience. The home is bathed in natural light, thanks to all-new storefront metal-framed windows. The exterior is painted in a warm white, perfectly complementing the modern design. Inside, the level 4 drywall is flawlessly finished, highlighted by LED recessed lighting and custom fixtures that enhance the home's contemporary aesthetic. Every detail, from the state-of-the-art fixtures to the impeccable craftsmanship, has been thoughtfully curated to create a residence that epitomizes luxury living. This home offers an unmatched opportunity to own a piece of modern elegance in one of Scottsdale's most sought-after locations. Whether you're looking for a personal retreat or a sound investment, this property promises a lifestyle of unparalleled quality and refinement.

12775 E Gold Dust Avenue Scottsdale, AZ 85259

$1,480,000
4 Beds
3 Baths
2,900 SqFt
Status Active
MLS # 6768969
Property Type Single Family Residence
Price Type --
Arizona territorial home PLUS GUEST HOUSE, enter through the inviting courtyard, whole interior has gorgeous saltillo tile floor, wood vigas and beautiful decorative Mexican tile, all on one level, NO steps! Expansive eat-in kitchen is full of natural light with stainless appliances, huge granite top island with gorgeous views of the pool, spa and desert landscape. 14 foot ceiling adds dimension to the beehive fireplace and territorial architecture. 1 bedroom CASITA is the perfect office work space or guest house with it's own bathroom, kitchen and living area, double glass doors lead to the diving pool and spa. Mountain views with a peak of Camelback, (no HOA) and quiet cul-de-Sac (very private). Bonus: BASIS (AZ #1 high school) is only one block. **Pictures coming soon 🙂

1681 Black Canyon Trail Heber, AZ 85928

$1,480,000
8 Beds
8 Baths
4,662 SqFt
Status Active
MLS # 6752440
Property Type Single Family Residence
Price Type --
LOCATION! CUSTOM cabin on 4+ acres with amazing mountain views, no traffic, custom finishes throughout, 8 bedroom suites so each bedroom has a private en-suite bathroom, custom showers and custom vanities! Private shared well and this cabin has a separate 2500 gallon water tank, heated bathroom floors, Upgraded AC systems, custom metal shake roof, exterior finishes are hardie board so virtually maintenance free, custom wood floors, custom designed finishes throughout, vaulted ceilings, large deck with fireplace, detached garage, instant hot water system with multiple water heaters, custom kitchen cabinets with granite counter-tops, central vacuum system, dual side by side fridge/freezers and so much more! This cabin is priced for a quick sell! Seller may carry mortgage with good offer!

325 W Gurley Street Unit 302 Prescott, AZ 86301

$1,477,000
2 Beds
2 Baths
2,719 SqFt
Status Active
MLS # 6750468
Property Type Apartment
Price Type --
Imagine a stunning New York-style penthouse nestled in the heart of downtown Prescott, Arizona. This luxury residence designed by well-known New York architect Dan Kiser and finished by Haley Construction, blends the urban elegance of a Manhattan loft with the charming, historic backdrop of Everyone's Home Town. A private elevator with coded access offers the ultimate in luxury and security, ensuring that only authorized individuals can reach the penthouse, enhancing privacy and exclusivity. This penthouse boasts soaring ceilings, expansive windows, and an open-concept floor plan that invites natural light and showcases views of Prescott's famous Gurley Street and Iconic Granite Mountain. The interior is sleek and modern, featuring polished concrete and bleached wood floors, and high-end finishes. The spacious living area boasts a linear gas fireplace which serves as the centerpiece of the living area. Set within a stone surround and a ceiling height bleached wood accent wall, this fireplace makes a bold statement against the backdrop of the expansive view windows. The living area flows seamlessly into a gourmet kitchen, with Caesarstone counter tops, custom cabinetry, wine storage, a large island with seating, top of the line stainless steel appliances, and a Sub-Zero refrigerator. Large sliding doors lead from the dining area to a private terrace, where you can relax and enjoy the sights and sounds of downtown Prescott. This outdoor space is perfect for entertaining, with room for a dining set, or lounge chairs. The Primary suite exudes tranquility, with floor-to-ceiling windows and is the epitome of relaxation and refined luxury. The high ceilings and expansive layout make the space feel open and airy, giving the room a peaceful ambiance, perfect for unwinding after a long day. This room is designed with comfort in mind, featuring ample space for a king-sized bed and additional seating, so you can create your own personal retreat Connected to the primary suite is the custom-designed walk-in closet for him, a true masterpiece of organization and style. The closet features built-in shelves for accessories, along with deep drawers and hanging rods that allow for organization of your wardrobe. Adjoining the Primary Bathroom is the walk-in closet for her, which has been masterfully designed to combine elegance with practicality. Custom-built shelves, drawers, and hanging spaces provide ample storage for everything from your wardrobe essentials to accessories and jewelry. The custom tile walk-in shower in the master bathroom is a true work of art, designed to evoke a spa-like experience right at home. With its floor-to-ceiling tiles in soothing tones, this spacious shower is both visually stunning and highly functional. The sleek, frameless glass enclosure creates an open, airy feel, including a rainfall fixtureprovides a luxurious bathing experience. The master bath also boasts a large jetted soaking tub and is the ultimate indulgence, designed to provide a spa-like retreat right within your home. One of the many features of the master suite is the private access to the terrace. The terrace is perfect for enjoying a quiet morning coffee or unwinding at night with a glass of wine under the stars. Stepping outside of this luxurious space, one of the most appealing features of this penthouse is its prime location in downtown Prescott. Just a few minutes' walk from your front door, you'll find yourself in the heart of the famous Courthouse Plaza. This iconic square, lined with historic buildings, boutique shops, and lively restaurants, is the cultural and social hub of Prescott. Whether you're looking to enjoy a morning coffee at a local café, catch a live concert or community event, or simply stroll through the tree-lined park, the plaza offers something for everyone. Living here means you can experience the charm and vibrancy of downtown Prescott without ever needing a car, making your lifestyle both convenient and enriching. This penthouse captures the essence of big-city luxury while embracing the serene, small-town charm of Everyone's Hometown of Prescott, making it a unique and desirable living space.

2626 E Arizona Biltmore Circle Unit 6 Phoenix, AZ 85016

$1,477,000
4 Beds
3 Baths
2,913 SqFt
Status Active
MLS # 6773162
Property Type Townhouse
Price Type --
The secluded Biltmore Square at the Biltmore. Completely remodeled in 2021 including newly applied smooth exterior stucco. Photographs do not do this home justice - you have to see it to believe it! Minutes walk from the Biltmore, Camelback shopping and restaurants, and canal walking/jogging path. Beautifully maintained common areas and pool. NOTE: LISTING BROKER RELATED TO SELLER

6918 N 178th Lane Waddell, AZ 85355

$1,475,000
4 Beds
3.5 Baths
3,834 SqFt
Status Active
MLS # 6762928
Property Type Single Family Residence
Price Type --
Brand new home full of custom finishes throughout. Situated on an acre lot with access to flood irrigation in the backyard. NO HOA. Fully landscaped front yard with oversized driveway and plenty of room for all your needs. You do not want to miss this one!

2875 S Azurite Street Dewey, AZ 86327

$1,475,000
5 Beds
4 Baths
4,742 SqFt
Status Active
MLS # 6658738
Property Type Single Family Residence
Price Type --
Welcome to a one-of-a-kind, fully sustainable and luxurious estate, perfect for multi-generational living, business and church retreats, or as a unique party venue, etc. Nestled on 4+ serene acres, the expansive grounds are a true oasis with the added benefit of a private pond, boasting over 2,000 fish. The lush landscape includes a variety of fruit trees and many raised garden beds to plant your favorites, while two workshops with electricity provide ample space for any hobby or entrepreneurial endeavor. Read to the END! A grandiose stairway leading to the stunning rain glass double doors entering the main house that features 4 bedrooms, including two master suites, and 3 bathrooms, AND a lower level in-law suite with 1 bedroom, 1 bathroom and full kitchen for additional privacy and comfort. The new appliances, oversized L-shaped quartz kitchen counter, and custom Forno fridge make the kitchen a chef's dream. For endless entertainment and relaxation, the indoor heated pool with diving board, jacuzzi, sauna and ¾ bathroom are sure to please. Also, offering a projector with screen and elevated deck with hood vent for BBQing. A separate 2,900 square foot guest house, along with a cozy studio apartment, provide even more space for family, friends, or potential renters. Attached is a RV garage and an oil change pit for the mechanics out there. For outdoor enthusiasts, the sand volleyball court is a fantastic addition. The electric gated entry to the partially fenced private yard, and lack of HOA and CCRs allow for a truly unique living experience. Notable features include solar power, a private well with new pump and pressure tanks and city water, brand new roof on both homes, new 5-ton and 3.5-ton AC units, and propane tankless water heater for the main house. New split units in the guest house and new electric water heater. Experience the ultimate in luxury, sustainability, and versatility in this unparalleled estate ensuring self-sufficiency and eco-friendliness. All in a breathtaking Arizona setting, only 30 mins from the Prescott Courthouse Square and 50 mins from Anthem's outlet mall.

Show Low AZ 85901

$1,475,000
4 Beds
3.5 Baths
3,232 SqFt
Status Active
MLS # 6760708
Property Type Single Family Residence
Price Type --
Come and experience ''Mountain Luxury'' in this meticulously maintained custom built home with breath taking views of the fairway! FULLY FURNISHED with attention to every detail. Boasting 3 Master Suites, Gourmet Kitchen w/Subzero Frig, Lg Walk-In Pantry, Game Rm w/Bar, Flex Rm/w Murphy bed & more!

7131 E Rancho Vista Drive Unit 2011 Scottsdale, AZ 85251

$1,475,000
3 Beds
2 Baths
1,886 SqFt
Status Active
MLS # 6637093
Property Type Apartment
Price Type --
Located near Old Town Scottsdale in the Optima Camelview, this urban residence is the essence of modern city living. Thoughtfully designed, this haven offers comfort and style bathed in natural light with floor-to-ceiling windows and captivating views of one of the community pool areas from two private balconies. Three generously sized bedrooms are perfect for relaxation while the bathrooms offer premium fixtures and finishes. The kitchen is equipped with sleek cabinetry, stainless appliances and offers plenty of space for culinary exploration. Residents of Optima can enjoy amenities such as the state-of-the-art fitness center, multiple pools and spas, and the lush landscaped gardens. The prime location is moments away from fine dining, shopping, entertainment and the best that Scottsdale has to offer. The community also offers 24-hour security and underground parking.

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