A HUDSON VALLEY REAL ESTATE AUCTION ON JUNE 15

In this buyer's market one of the most effective paths to acquiring new real estate is the auction. For more information about auctions go to http://www.hvreal.com/divisions/theauctions_page.asp. Barns & Farms Realty LLC is one of the few real estate brokers that runs its own auctions. On June 15th three Columbia County properties will be going to auction: 1) A Designer Home in mint condition, in the Town of Taghkanic, listed at $219,000; 2) A 27 acre parcel with dramatic views of the Catskills with great hunting listed for $75,000 and 3) An 2000sf abandoned ranch house on 2 country acres,in the Town of Gallatin, listed at $99,000. While the auction is subject to seller approval, all of these sellers are highly motivated and will consider any reasonable offer.

The advantages of this direct auction is that you avoid the fees that a middleman brings to an auction. A neighbor held an auction of a $2.5 million property and paid in the six figures for the marketing costs. Unfortunately not a single interested party surfaced from this auction. In contrast Barns & Farms Realty, LLC has run six successful auctions in the recent past which have resulted in sales. And the Seller pays the commission with no added costs for the Buyer.

You've got to invest some time in examining the property, but you can get some great deals. And in some instances the Sellers will accept a time limited contingency for financing.

These auctions are much more successful than auctions "at the courthouse steps" which are often a waste of time as friends of the owner or the mortgage holder will often bid against you. Auctions are tricky business so be sure you understand the terms and conditions beforehand. For this Auction go to http://www.hvreal.com/divisions/theauctions_page.asp. and make sure you understand the details of the auction process.