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

41504 N 107th Way Scottsdale, AZ 85262

$2,367,000
3 Beds
3.5 Baths
2,941 SqFt
Status Active
MLS # 6745885
Property Type Single Family Residence
Price Type --
SEVEN GOLF MEMBERSHIP AVAILABLE. This is an amazing opportunity to move right into this Remodeled and fully Furnished (turnkey) home located in the exclusive guard-gated community of Desert Mountain. Nestled at the end of a cul-de-sac on a large lot, with ample room to add a casita, this rare find in the village of Cochise Ridge offers an expansive and private outdoor patio with negative edge pool, beautiful rock waterfall and spa overlooking the natural open space, mountains and city lights. The open floor plan residence with modern finishes that exudes elegance and comfort is ideal for both relaxed family gatherings and entertaining with a huge flat screen TV and Sonos surround sound audio. The open residence seamlessly flows from living room/great room into a fully stocked gourmet kitchen, equipped with high-end appliances, large pantry in 100+ bottle dual zone wine cooler, sleek countertops, and ample cabinetry for the culinary enthusiast. The home offers three generously sized ensuite bedrooms, each with its own private bathroom, ensuring a serene retreat for family and guests. The primary bedroom is secluded on a separate wing with a large walk-in closet, gas fireplace and private patio. Step outside to discover your personal oasis: a negative edge pool integrated with a desert rock waterfall spa offering ample patio/deck space with breathtaking views and the perfect setting for a refreshing swim or sunset cocktails. Entertain with ease in the separate outdoor BBQ and al fresco dining area, where you can host unforgettable gatherings with friends and family. Spa and Pool Equipment all New. An oversized two-car garage with epoxy floor coating, whole house water conditioning system, industrial shelving and double garage doors provides ample space for your vehicles and additional storage needs. This home is available TURNKEY including furniture, full kitchen supplies, linens, some art and more. - just bring your toothbrush. A transferrable SEVEN GOLF MEMBERSHIP is available to transfer via a separate purchase through the Desert Mountain Club. Extensive list of upgrades. New Spa New pool equipment $3500 pellet grill Newly reconditioned bbq Almost New (barely used) Furniture New AC unit New Air Handler Industrial Garage Shelving All new TV's and Sonos sound system Two wine refrigerators Large gun/valuables fire safe Original art Extensive landscape lighting Smart home controls for multi area temperature control, pool temperature and wifi weather station. Embrace the Desert Mountain lifestyle with world-class amenities, stunning natural beauty, and the privacy of a prestigious community. Make this your full-time residence or the ultimate vacation getaway.

4633 N 49th Place Phoenix, AZ 85018

$2,350,000
5 Beds
4 Baths
2,827 SqFt
Status Active
MLS # 6763909
Property Type Single Family Residence
Price Type --
Beautiful property on a 0.7 acre lot with breathtaking Camelback views ! Boasting an incredible backyard it's an entertainer's dream. Imagine relaxing by the sparkling pool, enjoying the sunset or hosting gatherings in your expansive outdoor space. The home was renovated and furnished with high end material in 2020. The gourmet kitchen and elegant finishes are remarkable. There are a lot of natural lights pouring through the large windows, enhancing the open-concept floorplan. 3 primary bedrooms with ensuite to provide comfort and luxury. Everything is included you simply need to bring your suitcase. This property has been an incredible rental producer, this could be your investment gold mine! Located just minutes from Scottsdale's Fashion Square, a variety of world-class restaurants. and premier golf courses, this home offers easy access to the best of both Arcadia and Scottsdale living. Whether you're looking for a serene retreat or a place to entertain, this property is an absolute gem. Don't miss out on the opportunity to live in one of Phoenix's most desirable neighborhoods with views that will leave you in awe!

240 Casitas Court Sedona, AZ 86351

$2,350,000
4 Beds
5 Baths
3,624 SqFt
Status Active
MLS # 6777299
Property Type Single Family Residence
Price Type --
Contemporary Luxury with Spectacular Views! This stunning, to-be-built modern home offers breathtaking, panoramic views of Bell Rock, Castle Rock, Lee Mountain, and Courthouse Butte. With no HOA restrictions and short-term rentals allowed, this property is the perfect blend of elegance and investment potential. The design features a floor-to-ceiling window wall that opens up, seamlessly blending indoor and outdoor living spaces. Highlights include: 3,624 sq ft of sleek, contemporary design with 4 bedrooms and 4.5 bathrooms Energy-efficient construction with 2x8 walls, 2'' exterior foam insulation, a metal roof, and owned solar panels Multiple outdoor spaces: 3 view decks and a covered patio, including an outdoor kitchen with a built-in BBQ Spacious Great Room with a gas fireplace, open kitchen, and dining area Luxurious main-level Master Suite with stunning views and a split guest bedroom with a private bath Lower level includes 2 guest suites, a living room, and a 3-car garage Elevator shaft for future accessibility and 220 electric in the garage, ready for electric vehicles Prime location, just minutes from hiking trails, local markets, dining, and three golf courses. Conceptual images are provided, with materials and renderings subject to change. Features include stacked stone exterior, concrete flooring on the lower level, cork floors on the main level, and plush carpet in the bedrooms. This home is designed for the ultimate Sedona lifestyle with its sleek contemporary design and unbeatable views.

3749 E Juniper Circle Mesa, AZ 85205

$2,350,000
5 Beds
5.5 Baths
4,374 SqFt
Status Active
MLS # 6754049
Property Type Single Family Residence
Price Type --
This home is a collector's paradise, boasting unparalleled elegance and move-in readiness. With recent upgrades enhancing every corner, it offers the pinnacle of luxury living. The open floor plan features bedrooms each with their own ensuite, complemented by walk-out patios and a private backyard oasis that promises a resort-like experience. The home shines with fresh interior paint and a state-of-the-art misting system, alongside top-tier amenities like the Ferrari of Toto Toilets, a new AC unit, and water heaters. A whole-house water filtration and soft water system, therapeutic hot tub, and indoor/outdoor Minka Fans further elevate the living experience. For car enthusiasts, the property includes a true 6-car garage with Swiss Trax flooring and air conditioning for extra comfort. The chef's kitchen is a dream, equipped with Subzero/Wolf appliances and an extension of the outdoor kitchen ideal for entertaining. Every detail in this home has been meticulously attended to, making it a one-of-a-kind property on the market. Don't miss out on the opportunity to explore all the exceptional features when you view this home & receive a complete list of enhancements!

7946 E Soaring Eagle Way Scottsdale, AZ 85266

$2,350,000
4 Beds
5 Baths
4,273 SqFt
Status Active
MLS # 6779316
Property Type Single Family Residence
Price Type --
Incredible custom home in Montesano at Winfield Resort. Owners have updated, upgraded, and maintained this home like few others. Mechanicals (AC's), roof, pool and 4 car garages all updated to the max. Resort pool backyard w/ built-in fireplace, bar-b-que island, htd pool/spa, covered and uncovered patios with captivating views to Winfield Mtn(75 acre boulder studded preserve). Large custom lot tucked away in tranquil cul-de-sac. Featuring three ensuite bedrooms and a full flex office/den/hobby or full 4th bedroom w/ walk in closet and 3/4 bath and private separate exit. The garages are split 2 and 2 with one side temp controlled, extended bays, workshop areas, storage room, epoxy floors, IMMACULATE. High volume ceilings, expansive kitchen/great room/ dining, master.Full resort amenities!

19735 E Sonoqui Boulevard Queen Creek, AZ 85142

$2,350,000
5 Beds
4 Baths
5,089 SqFt
Status Active
MLS # 6781997
Property Type Single Family Residence
Price Type --
ABSOLUTELY BEAUTIFUL 5 BEDROOM + DEN, 4 BATHROOM WITH 4 CAR GARAGE ON A HUGE 35,000+ SQUARE FOOT LOT IN CIRCLE G THAT HAS JUST UNDERGONE AN EXTENSIVE REMODEL (SEE PICS...ITS GORGEOUS!). HIGH CEILINGS, SEPARATE LIVING AND GREAT ROOMS, HUGE ISLAND KITCHEN WITH HIGH END APPLIANCES, QUARTZ COUNTERS, WOOD FLOORING THROUGHOUT, THE MASTER SUITE IS LARGE AND ELEGANT, SEPARATE SOAKING TUB AND HUGE SHOWER, THE BASEMENT FEATURES 2 BEDROOMS, A FULL KITCHEN AND STACKABLE WASHER DRYER AND THEATER ROOM/FAMILY ROOM. THE EXTERIOR BOASTS AN OVERSIZED 4 CAR GARAGE, TONS OF STORAGE INCLUDING A SEPARATE AIR CONDITIONED STORAGE AREA WITH ACCESS TO THE GARAGE AND BACKYARD (PERFECT FOR A CONDITIONED WORKSHOP), HUGE BACK PATIO, WITH OUTSIDE FIREPLACE, SPORT COURT, BEAUTIFUL PRIVATE POOL W GROTTO, NEW ROOF, ETC.

4129 E Palo Verde Drive Phoenix, AZ 85018

$2,350,000
4 Beds
3 Baths
3,450 SqFt
Status Active Under Contract
MLS # 6769377
Property Type Single Family Residence
Price Type --
Location, location, location! Welcome to this beautiful 4 bedroom, 3 bathroom home, perfectly nestled in a highly sought-after cul-de-sac within the Short Hills community of 85018. Sitting on a lot just shy of half an acre, this property offers ample space and privacy, making it a true gem in the neighborhood. The interior is a unique blend of modern and timeless architecture. The outdoor space is stunning with a large covered patio, beautiful pool and spa, putting green, fire pit area and sauna. The attached mother-in-law suite provides flexibility and convenience, whether for guests or multigenerational living and has a full separate kitchen and eat in area. This home is walking distance to many incredible restaurants including Steak 44, Flower Child & The Global Ambassador! Want great schools too? Hopi, Ingleside and Arcadia! Come see for yourself.

5101 N Casa Blanca Drive Unit 324 Paradise Valley, AZ 85253

$2,350,000
2 Beds
3 Baths
2,293 SqFt
Status Active
MLS # 6722426
Property Type Single Family Residence
Price Type --
''Yes Harriet, there is a garage in historic Casa Blanca!'' #324 is a beautiful single-level home with, 2 BR (split plan), 3 BA, and study. Relax in the wrap-around private garden patio with retractable awning and outdoor fireplace, designed by Charlie/The Green Room. Lovely natural light fills the Great Room with 13' ceilings and fireplace, the cozy den/studio/library, dining area, and gorgeous eat-in kitchen with quartz countertops ...all the things we love to live with. The primary suite features an enormous bath and walk-in closet, just a few steps from the charming ''read a book or swim'' pool..a happy, good mood place! The two-car garage has a sink and new epoxy floor. Enjoy the two other swimming pools, play tennis or pickle ball, or meander the walking paths and rose garden.

5112 N 35th Street Phoenix, AZ 85018

$2,350,000
5 Beds
3.5 Baths
4,093 SqFt
Status Active
MLS # 6777220
Property Type Single Family Residence
Price Type --
Turkey, completely remodeled 2 story home in highly desirable Biltmore Heights neighborhood. Charming 5 bed, 3.5 bath home with bright natural light with white oak flooring & chef's kitchen with white custom cabinets, quartz waterfall island, & stainless-steel appliances. Split floorplan where primary bedroom includes dual sink vanity, oversized shower with freestanding tub, & walk-in closet. Backyard perfect for entertaining with pool, covered patio, & vegetable garden. Upstairs you will find five additional rooms, including a massive flex room that can be used as a loft, bedroom, game room or office. Home also features huge laundry room with farmhouse sink, quartz counters & mud room area. Prime location, minutes from the best shops, restaurants and amenities in both Arcadia & Old Town.

35036 N 85th Street Scottsdale, AZ 85266

$2,350,000
3 Beds
3.5 Baths
4,433 SqFt
Status Active
MLS # 6774947
Property Type Single Family Residence
Price Type --
See property video. Stunning 2019 built home set on a spacious ¾-acre private lot within the highly sought-after gated community of Andaluza. Just minutes away from multiple grocery stores, restaurants and the Boulders Resort and Spa featuring two signature 18-hole golf courses, tennis and pickleball courts, gym, spa and more, memberships available to outside residents. The open-concept design showcases a great room layout with soaring 12ft ceilings and a gourmet chef's style kitchen, complete with two large islands, quartz countertops, a Wolf 6-burner cooktop with griddle, oversized refrigerator, dual ovens, a walk-in pantry, and an additional prep area with custom cabinetry throughout. The luxurious primary suite includes a versatile flex space, perfect for a home gym or office, and a spa-like bathroom with dual vanities, a free-standing tub, walk-in shower with dual shower heads, and two generous walk-in closets offering abundant storage. The home also features two additional ensuite bedrooms, a large dining room comfortably seating 8+, and a formal living room that could easily be converted into a home office or remain as an additional seating/entertaining area. The expansive great room is a highlight with its gas fireplace, beamed ceilings, and a 12ft bi-fold door that opens fully to the covered patio, creating seamless indoor-outdoor living - ideal for Arizona's perfect weather. Outside, the pristine backyard oasis offers a heated PebbleTec pool and spa with an automated Pentair system, an artificial turf putting green, travertine pavers, a misting system, and lush landscaping accented by landscape lighting. Additional features include dual 4-car garages with epoxy flooring and overhead storage, a wet bar with a wine fridge, custom window treatments, and more.

6990 E Buckhorn Trail Scottsdale, AZ 85266

$2,349,000
6 Beds
5.5 Baths
5,944 SqFt
Status Active
MLS # 6645697
Property Type Single Family Residence
Price Type --
Welcome to paradise in north Scottsdale! This sanctuary estate sits at the end of a short private cul-de-sac in the prestigious community of Lomas Verdes. Completely refurbished inside and out, featuring a large open kitchen and great room with high ceilings. The perfectly balanced floor plan will please even the most discerning buyers, providing comfortable two-person living as well as expansive living for larger families! This beautiful home also offers to keep everyone entertained with activities, including a pickle ball court, a beautiful pool and spa, and two outdoor fireplaces. The additional 1,000 square foot finished basement features a wet bar, and living and entertaining spaces. The 3 HVAC systems are newly installed with manufacturer warranties. New quartz counters throughout.

8396 E Sunnyside Drive Scottsdale, AZ 85260

$2,349,000
4 Beds
4.5 Baths
3,900 SqFt
Status Active
MLS # 6767129
Property Type Single Family Residence
Price Type --
Discover the ideal family floor plan in this beautifully remodeled 4-bedroom, 4.5-bathroom home, featuring an office. Each bedroom includes its own ensuite for added privacy. Enjoy stunning golf course and mountain views from this corner lot, with high ceilings enhancing the spacious feel. The inviting layout includes a large family room and oversized living/dining area, perfect for gatherings. A standout feature is the 16-foot folding patio door, seamlessly connecting indoor and outdoor spaces, leading to pavered yards. The newly renovated pool boasts a pebble sheen finish, while a resurfaced basketball court adds to entertainment options. Key updates include fresh paint, an epoxy garage floor, and new lighting. The gourmet kitchen is a chef's dream with custom cabinets, high-end appliances, and a large quartz island. The luxurious master suite features a glass-enclosed shower and custom vanity. Additional highlights include a custom wine bar, elegant flooring, and solid wood doors. This home is truly move-in readydon't miss out!

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