Bullhead City, Fort Mohave, Lake Havasu City Az Foreclosure Homes @ Auction Sale

There are two major companies that run real estate auctions in the Bullhead City Fort Mohave and Lake Havasu City areas for Foreclosed homes. They are, REDC; auction.com and Hudson and Marshal; hudsonandmarshal.com.. I recently attended the REDC real estate auction locally on February first and will attend the next real estate auction with them on March first. Both of the auction companies web-sites can be challenging to navigate and challenging to find the exact information needed for buyers looking to purchase an auction home. I would recommend spending as much time as you need searching around on each web-site researching as much as you can for all the information that you will need; or just send me a message.

One major thing to remember with any of these homes or properties offered at these auctions is that a buyer is expected to complete his/her due diligence; inspections; prior to the auction. Each property is sold “as is” without any inspection period after the auction unlike a normal re-sale home or foreclosure home sale. Both do offer clear title to each property as well as financing to specified homes that they auction.

The REDC auction went very smoothly with the Bullhead City, Fort Mohave and Lake Havasu  homes being sold at price points below or well below their mls listed prices. All properties at the REDC auction are sold to the highest bidder with NO RESERVE once the opening bid is met. Hudson and Marshal works quite a bit different than REDC and I would would recommend contacting me regarding any property or home that you may be interested in whether it’s to view the home, questions about the auction process, or to run property profiles for a property. For instance;  one Lake Havasu home sold at the auction Monday evening was sold for cash only due to the code violations for additions not permitted with the city. Another instance; A home I was bidding on on behalf of a client in Fort Mohave at Hudson and Marshal had an accepted offer over the reserve price but still showed on their web-site as active and still accepting bids even though they considered it sold. Another instance; You may have seen the black and yellow signs in front of auction homes in the Bullhead City, Fort Mohave and Lake Havasu City areas advertising an open house for certain dates but on those dates the homes were locked up tight with no one around.

If you would like more information or assistance on any upcoming auctions or properties at these auctions feel free to send me a message or give me a call.