The price shown in this advertisement is for marketing purposes only and does not represent the purchase price. The property will be sold through an online-only auction, with the final sale price determined by competitive bidding. Bidding will open at $100, and the property will sell to the highest qualified bidder according to auction terms and conditions.
This brick residential home is one of several properties included in the same online auction event, offering potential opportunities for investors, cash buyers, and purchasers experienced with auction and tax-sale acquisitions.
Auction Format & Participation
All bidding will occur online through the designated auction platform. Interested participants must register to bid, review all auction terms, conduct independent research, and place bids within the scheduled auction timeframe.
The property will be awarded to the highest qualified bidder when the auction closes. Again, the advertised price is not the sale price and is used solely for listing purposes.
Property Overview
The home features a brick exterior, known for durability, low maintenance requirements, weather resistance, and timeless curb appeal. While detailed interior information may not be available, the property offers potential for renovation, rental income, resale, or long-term investment depending on the buyer’s objectives.
Ownership & Transfer Information
The seller obtained the property through a delinquent tax sale deed. As a result, ownership will be transferred by Quitclaim Deed only, using the most recent deed description available.
No title search has been performed by the seller, auctioneer, or closing attorney, and title insurance will not be provided. Buyers should carefully consider this aspect before bidding.
Understanding Quitclaim Transfer
A Quitclaim Deed transfers whatever ownership interest the seller currently holds without guaranteeing clear title or the absence of liens or claims. Buyers assume all risks related to title status, which is common in tax deed and distressed property sales and typically suited for experienced investors.
Due Diligence Requirements
Bidders are responsible for conducting their own investigations prior to bidding, including reviewing public records, confirming ownership history, checking for liens or unpaid taxes, verifying zoning regulations, and evaluating the physical condition of the property.
Neither the seller nor auction representatives provide guarantees regarding title or condition.
Property Inspection
Buyers are strongly encouraged to inspect the property in person when possible, verify access, assess neighborhood conditions, and evaluate renovation needs. The property is sold as-is, where-is, with all faults known or unknown. No assurances are made regarding structure, utilities, occupancy, or code compliance.
Investment Considerations
Auction properties often appeal to investors, contractors, and buyers seeking value opportunities. A brick structure may provide a strong foundation for renovation, rental income, resale projects, or long-term appreciation. However, bidders must account for possible legal or title complications in their investment calculations.
Risk Factors
Purchasing property through a tax deed and quitclaim transfer carries potential risks, including unclear title status, possible redemption rights, undiscovered liens, and potential legal expenses. Since title insurance is not offered, buyers should include possible future legal costs when determining their bidding limits.
Why Investors Consider Auctions
Online auctions can create opportunities to acquire property at competitive prices, access distressed assets, and expand real estate portfolios. The opening bid of $100 simply initiates bidding and does not represent market value.
Key Reminders
Listed price is not the purchase price
Opening bid starts at $100
Final price determined by bidding competition
Property conveyed by Quitclaim Deed only
No title search conducted
No title insurance available
Buyer responsible for all due diligence
Property inspection strongly recommended
Suitable Buyer Profile
This opportunity is generally best suited for experienced investors, cash buyers, or individuals familiar with tax-sale and auction purchases who are comfortable assuming title-related risks. It may not be appropriate for first-time buyers or those relying on traditional financing.
Recommended Bidding Strategy
Prospective bidders should review county records, verify outstanding taxes or liens, estimate renovation costs, consult legal professionals if necessary, and establish a bidding limit aligned with their risk tolerance. Entering an auction without research can expose buyers to unexpected expenses.
Final Thoughts
This residential brick home is part of a multi-property online auction event, offering a potential investment opportunity through competitive bidding. However, buyers must fully understand the quitclaim transfer, absence of title research, and the need for independent due diligence before participating.
Prepared and informed bidders who understand auction dynamics may find this a strategic acquisition opportunity. Careful preparation and disciplined bidding are essential for successful participation in online real estate auctions.
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