Wednesday, September 27, 2017

Clifton Henderson / Broker

Hubzu dot com Auction
508 Hilldale Rd, Brandon Fl 33510
"Click" Current Bid and more Pictures
  • 3 Beds
  • 2 Full Baths
  • Size: 1,475 Sq. Ft.
  • Single Family
  • Built in 1974
  • Subdivision: HILLSIDE U
  • 1 Floor
  • Lot size: 8,700 Sq. Ft.

I can place your bid
What you will need

  • Proof of Funds or Pre-Approval Letter
  • The auction will charge a $299 Technology fee
  • The auction will charge a 4.5% buyer premium on top your bid. 
  •       Example, Current starting bid is $133,000, so you will need to bring $133,00+$299+4.5%($5985) = $139,284 to the table. 
  • How you want to take title, If a LLC or INC, Will need the articles, specifically the authorized signee of the company. 
The Medium retail for similar SFD under one mile with similar parameters is $165,000 (Repaired) 
Note the MLS listing #05538109 has subject listed at $200,400 which is usually the hopeful reserve.
So quite a variance on this one.  (Email for a copy of The Realist CMA) 
Meaning you would not want to go over $157,289 ($165,000-4.5%) 
If you can secure at a good price, You could flip the house very easily. 
( I have a special listing price, just for flips)

From the pictures, the subject does need cosmetic rehab, paint, carpet etc.   The auction will usually let you do an inspection for information purpose only, but not as a contingency.   These homes are SOLD "AS IS Where IS" No warranty implied.  

These auction are a great way to get deals,  Most investors miss out on these deals because they forget about these auctions.   

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