There are many reasons that you should consider purchasing Detroit Foreclosed Homes at the auction and not properties on the market. These reasons include eliminating the agent, saving money, and its so easy.

Auctions are open to the public and you can go anytime you wish to bid on a property or buy a home. Agents do not have to be present with you. All of the information that you need to learn about a home that will be auctioned off at the public auction can be found in the local newspaper or even through your local county courthouse. Eliminating an agent will save you thousands of dollars in closing costs, confusion, and frustration.

The process of buying a home at an auction is a very easy thing to do. All you need is yourself, financing, and a down payment on the property. You can attend an event at any time you would like to. Paperwork is required for you to fill out and the down payment proves you are serious about the bidding process. Once you bid on a home you will be required to move forward with the purchase or you will lose the down payment.

You can save a lot of money when you buy Detroit Foreclosed Homes at the auction in many ways. The biggest way that you will save money is because the home is an auction and the starting bid will be substantially lower than what the defaulting borrower owed on their mortgage note. You can purchase a home for as low as 50% of the actual market value which can save you thousands of dollars. You can save money by eliminating an agent also. Because the cost of the home is much less, the down payment will be far less also.