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

House, 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

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27229 N 103rd Avenue Peoria, AZ 85383

$599,900

4 Beds

3 Baths

2,119 SqFt

Status Active

MLS # 6721942

Property Type Single Family Residence

Price Type --

Welcome to Northlands Encore in beautiful North Peoria, best value for the money in the area, here the skies are bigger and the sunsets are like none you've ever seen. Step outside every morning and view the colorful skyline with the Calderwood Butte in the backdrop, plus with the trail head right down the street you'll get the full enjoyment of this very special home in a very special community. Step inside this stylish and move-in-ready Sapphire Model by Taylor Morrison, with 2119 sq.ft. of interior living space, 4 Beds PLUS Den + 3 Baths and a 2 CAR Garage. Open concept main living area with a light gray color pallet, rich wood look porcelain tile floors, barn-wood shiplap accent wall in living room, updated carpet in 2023, can lighting, white trim, blinds and doors. Kitchen features beige/cream granite countertops and island, bright white cabinets, black vintage cage pendant lighting, stainless steel appliances and a walk-in pantry for all your storage needs. Step into your master suite, light and bright with master bath, featuring double sinks, espresso vanity, large stand up shower with seating, separate toilet room and walk-in closet. 3 additional bedrooms and two full bathrooms plus a spacious Den with french doors that would make a great office or library. Step outdoors, take a deep breath and enjoy your private mountain views. With a spacious back yard that checks all the boxes, covered patio, large green space, and a side yard with a storage shed. There truly is nothing to do except move in and live your absolute best life. Neighborhood mountain views and trails, close proximity to 303 freeway access, 10 minutes to TSMC, shopping, dining, entertainment, health care, and less than 20 min. away from beautiful Lake Pleasant Regional Park. A list of updates and floor-plan are available in the documents tab.

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1910 E Rainbow Trail Payson, AZ 85541

$599,900

3 Beds

2 Baths

1,772 SqFt

Status Active Under Contract

MLS # 6692516

Property Type Single Family Residence

Price Type --

BRAND NEW - TO BE BUILT Dream Home on the Rim in Payson - surrounded by gorgeous custom homes and less than 7 min from Renowned Golf Club at Chaparral Pines & The Rim Club, less than a mile from Safeway grocery store and convenient shopping, dining, gas & bank. Buyers able to select Cabinet Color, Granite Color, Interior & Exterior Paint and Flooring. Not much around here under $600K so hurry - home can be completed in less than 6 mos- just in time to enjoy for the summer! Photo reflects same floorplan and elevation as what will be built. Additional Photos of this home will be posted as it progresses. Buyer to verify all facts & figures.

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4209 E Bonanza Road Gilbert, AZ 85297

$599,900

4 Beds

3 Baths

2,502 SqFt

Status Active Under Contract

MLS # 6753531

Property Type Single Family Residence

Price Type --

This beautiful home in Power Ranch has been meticulously maintained by the original owners and offers 4 bedrooms & 3 full baths in 2502 SqFt. Living areas include formal living/dining and separate family room on the main level and a large upstairs loft. The recently updated eat-in kitchen features maple cabinetry with under-cabinet lighting and crown molding, granite countertops, modern subway tile backsplash, stainless appliances, pantry, and island with breakfast bar. The backyard has an extended covered patio with ceiling fan and easy-care artificial turf for kids and pets to play on. One bedroom and bath are on the main level, perfect for guests! The primary is upstairs and has double door entry, and an en-suite bath with dual sink vanity, separate tub & shower, and walk-in closet. The laundry room is conveniently located upstairs. Other features include an oversized 2 car garage and leased solar panels to provide utility savings! Power Ranch is a resort-style community with a variety of amenities including a clubhouse, two swimming pools, and spa, sport courts (including tennis, pickleball, and bocce), fitness center, and much more!

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15975 W Laurel Lane Surprise, AZ 85379

$599,900

3 Beds

2 Baths

2,567 SqFt

Status Active Under Contract

MLS # 6770459

Property Type Single Family Residence

Price Type --

SPARKLING POOL (backyard OASIS), HIGHLY UPGRADED Shea Homes built, 10' ceilings, Single Level, 3 beds PLUS double door ENCLOSED FLEX ROOM, w/RV gate in Greer Ranch North! Fall in love w/the HUGE & bright open floor plan enhanced by surround sound, tons of recessed lighting, 3 panel sliding glass door, wood-look tile flooring in all the key areas. Gourmet kitchen w/abundant white cabinetry, granite counters, prep island w/breakfast bar, tile backsplash, & SS appliances; wall oven & cooktop gas. Serene main retreat; ensuite w/dual sinks, JUMBO tiled walk-in shower w/TWO shower heads (rain) w/drying area, & walk-in closet. Tranquil backyard invites endless outdoor activities & relaxation, boasting covered patio, gazebo, fire pit & refreshing pool w/water feature. Snatch this GEM!!!

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217 E 14th Street Tempe, AZ 85281

$599,900

4 Beds

2 Baths

1,276 SqFt

Status Active Under Contract

MLS # 6782682

Property Type Single Family Residence

Price Type --

Introducing a rare gem in the heart of Tempe's iconic University Park neighborhood! This charming 1945-built home is nestled on a picturesque, tree-lined street, just steps away from ASU, making it one of the most desirable locations in all of Tempe. With 4 bedrooms and 2 bathrooms, this property offers ample space and character, ideal for an investor seeking a prime opportunity or a homeowner ready to create their dream residence. Set on an expansive lot, the home provides plenty of room for outdoor enjoyment or future enhancements. Full of historical charm and potential, this property is a perfect blank slate, ready for its next chapter. Don't miss your chance to own a piece of Tempe history in an unparalleled location!

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2190 N Iowa Street Chandler, AZ 85225

$599,900

3 Beds

2.5 Baths

2,068 SqFt

Status Active

MLS # 6775542

Property Type Single Family Residence

Price Type --

Brand New Home Alert! Welcome to Arbor Square, where luxury and convenience meet in the heart of Downtown Chandler. Nestled within walking distance to the vibrant Downtown Chandler Entertainment District, our community provides the perfect balance of urban living and peaceful escape. Each home at Arbor Square boasts top-of-the-line amenities, designed with your comfort and convenience in mind. From elegant quartz countertops to luxury vinyl plank flooring, every detail has been carefully selected to provide you with a high-end yet modern living experience. Our homes also feature pre-wiring for EV chargers, making it easy for you to stay connected and eco-friendly. Our community is designed to give you all the perks of luxurious living without the hassle of upkeep. Experience the best of urban living in a peaceful and modern setting at Arbor Square. Come find your perfect home today! *HOA Fees are an estimate today, the builder has a conditional public report. Photos are of the builder's model of a similar floor plan, actual home is under construction. Contact listing the agent for additional incentives. Agents Must accompany their clients upon their first visit.

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17152 W Grant Street Goodyear, AZ 85338

$599,900

5 Beds

3 Baths

2,934 SqFt

Status Active

MLS # 6727655

Property Type Single Family Residence

Price Type --

Welcome to this stunning 5 bedroom, 3 bath, two-story home with energy-efficient solar, situated on a desirable N/S exposure lot in the welcoming community of Crestwood at Canyon Trails. Step inside to discover an inviting interior featuring a soothing neutral color palette and upgraded plank tile flooring throughout the main lower living areas. The welcoming formal dining room flows effortlessly into the gourmet kitchen, which offers stainless steel appliances, gorgeous granite countertops, a decorative tile backsplash, and a view window above the sink that floods the room with natural light. The desirable center island with a breakfast bar opens to the casual dining space and great room, where a cozy fireplace adds warmth and charm. From here, you have great access to the backyard oasis Step outside to the extended covered patio and admire the low-maintenance landscaping and ample space to entertain and dine alfresco, making it the perfect setting for gatherings with family and friends. This well-designed floor plan includes a guest bedroom downstairs, a private office with built-ins and a double door entry, and a guest bathroom, providing convenience and versatility. Upstairs, you'll find the primary bedroom featuring an ensuite full bathroom with dual sinks, a walk-in shower, separate soaking tub, private toilet, and a large walk-in closet. A spacious loft with distant views, a full guest bathroom, and three additional bedrooms complete the upper level, ensuring comfort and privacy for all residents. Don't miss this incredible opportunity to own a beautiful home in Crestwood at Canyon Trails!

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13600 N Fountain Hills Boulevard Unit 504 Fountain Hills, AZ 85268

$599,900

3 Beds

2.5 Baths

2,231 SqFt

Status Active

MLS # 6765358

Property Type Townhouse

Price Type --

Motivated seller! 2013 re-model opened the kitchen to the living area making this a wonderful one-of-a-kind townhome. Main floor master. Great room floorplan superb for entertaining! Re-model included new kit cabinets, built-in buffet, stainless steel appliances, granite counters & island that seats 6! New refrig & interior paint 2024. Walk-in pantry in foyer closet. Lots of tile flooring. 2 guest bdrms, jack & jill bath. family rm & loft upstairs. Fully fenced terraced rear yd with gorgeous landscaping (maintained by owner) w new drip system. Extended patio w south exposure to catch the winter sun. Spacious rooms. Terrific resort style htd salt water community pool & spa with mountain views, BBQ's & fireplace. Quiet location near downtown-walk to shopping & dining. 30 day min on leases

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6202 E Mckellips Road Unit 310 Mesa, AZ 85215

$599,900

3 Beds

2 Baths

1,866 SqFt

Status Active

MLS # 6745407

Property Type Single Family Residence

Price Type --

Welcome to Tuscany Villas at Painted Mountain Golf Resort, NE Mesa's most coveted gated and golf course community! Step into this rare, free-standing golf course home, where every detail is crafted for perfection! This stunning villa features 3 spacious bedrooms and 2 luxurious bathrooms, all set in an open floor plan that exudes elegance. The upgraded kitchen is a chef's dream, boasting beautiful cabinets, sleek granite countertops, tile flooring, and a generous prep island. Whether you're hosting a formal dinner or enjoying a casual meal, the informal and formal dining areas offer flexibility and style. Relax in the great room with its large windows framing breathtaking views of the golf course, or retreat to your private master suite, complete with a walk-in closet and a master bath designed for ultimate relaxationfeaturing a soaking tub and walk-in shower. Two additional well-sized bedrooms and a full bath ensure comfort and convenience for family and guests. The backyard is your personal oasis! With a covered patio, lush landscaping, a cozy fire pit, and a paved patio area, you'll be set for enjoying Arizona's beautiful weather and stunning golf course vistas. Don't miss out on this gem! Plus, the 2-car garage with epoxy flooring and cabinets adds to the home's exceptional appeal. Tuscany Villas enhances your lifestyle with a heated pool, 2 spas, a clubhouse, a fitness area, and a variety of activities. Come see for yourself and discover the perfect blend of luxury and leisure in your new home!

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1601 E Loveland Lane San Tan Valley, AZ 85140

$599,900

3 Beds

2 Baths

2,300 SqFt

Status Active

MLS # 6781984

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This charming 3-bedroom, 2-bath Home offers the perfect blend of comfort and space, nestled on over an acre of land. Enjoy the freedom of no HOA, allowing you to personalize your property as you desire. The basement makes the home approximately 2300 sq ft, not reflected in the tax records. Surrounded by beautiful custom homes, with North/South exposure this property boasts a peaceful atmosphere while being walking distance to elementary school and high school, Close to the new 24 with easy access to the 202 and 60 freeways, you'll have everything you need right at your fingertips. Don't miss this incredible opportunity to own a piece of paradise in a desirable location, just envision the possibilities that await you!

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3718 E Vallejo Drive Gilbert, AZ 85298

$599,900

3 Beds

2 Baths

1,832 SqFt

Status Active

MLS # 6773580

Property Type Single Family Residence

Price Type --

This home is nestled on a premium north/south lot with no rear neighbors, offering exceptional privacy. It features a stunning swimming pool and low-maintenance landscaping. The property includes plantation shutters, a washer and dryer, a refrigerator, and a multi-panel sliding glass door that invites abundant natural light. The kitchen boasts elegant quartz countertops and stylish subway tile. The thoughtfully designed great room floor plan separates the master suite from the secondary bedrooms, while the office can easily serve as a fourth bedroom. Conveniently located near an elementary school, restaurants, and shopping!

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3554 N Hooper Street Buckeye, AZ 85396

$599,900

4 Beds

3 Baths

2,590 SqFt

Status Active

MLS # 6720288

Property Type Townhouse

Price Type --

Don't miss out on this golf course home with views!! Buy now before prices go up with lower rates. This elegant and upgraded 4 bedroom 3 bath home backs up to Hole #4 of Founder's Golf Course. Back gate to access the course whenever you see fit from your relaxing pergola covered back yard with outside fireplace. HOA takes care of the front yard (except court yard), has a community pool a short distance away. Phenomenal mountain views from your back yard and private balcony off of the owners suite, going back inside you will appreciate lots of kitchen cabinet storage and granite counter tops, small office space off the kitchen for those that work from home, cozy fireplace, bedroom or full office downstairs with full bath large laundry room with additional under stair storage, going upstairs is an additional 3 bedrooms and 2 baths, large owners suite and bath with very large walk in closet, tub in owners bath with window looking out over mountains, freshly painted on the interior about 1.5 years ago, large 2 car garage with extra height with dual storage racks, also could make a great winter home lock and leave style, or a vacation home to allow you to escape to Arizona, located in larger community of Verrado which is a very kid and animal friendly oriented community that has tons to do with pools, events on weekends, sidexside parades, firework show and yes of course golf. Come see Verrado and see what it has to offer.

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