you can add Auction Properties to your Portfolio and not compromise your time & energy to find the properties? PSG Auction Partners handles all the heavy lifting during the Pre-Auction phase, making your job easier. We compile and update a list of promising properties, identify sound investments, and bid on the properties on your behalf, or as partners. Once we secure the winning bid, you take the lead in the Post-Auction phase—whether it's rehabbing, renting, or selling the property for profit. PSG ensures a smooth and efficient acquisition process, allowing you to focus on what you do best.
Property Condition
Acquisition is sight unseen.
Occupancy
Property can be occupied.
Clear Title
Title Insurance cannot be obtained until after acquisition.
Finance
Winning bidder must finance 100% of immediately
Buying at a Discount
Investors acquire property anywhere from 50 to 80 cents on the dollar.
Speed
For many auctions, you gain ownership quickly and can take ownership quicker than traditional purchasing.
Face-to-Face Negotiations
Traditional purchasing requires back and forth negotiating and includes an agent.
Added Portfolio
Foreclosures can be a great way for RE Investors to add to their portfolio as a new investment strategy.
This phase requires patience and due diligence from building an active list, to tracking and managing the list, to evaluating the properties (underwriting), to reviewing Title, to determining the right amount to bid on (MAO). Proper analysis and speed are requried to find the right investment property.
As Phase 2 of the Auction process, Auction Day is the pivotal moment in the auction process where all the preparation pays off. Moreover, the advent of remote bidding has revolutionized the process giving the ability to bid on multiple properties across different states.
Key advantages include:
In the Post-Auction phase, the transaction is finalized after winning the bid. Once the paperwork is processed, and you receive the keys, this completes the acquisition. Now you're ready to initiate the next steps, renovating, renting, or reselling based on your investment strategy. Key steps include ensuring property security, obtaining insurance, handling occupancy issues, recording the title, completing renovations, and executing the exit strategy.
If you're a REIG and Investor, reach out to us to learn more and see if you're State/County of interest is available.
If you are a capital funder and would like to invest your money into Real Estate auctions, reach out to us hear.
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