Amazing Homes Are to Be Had at the Kirkland Foreclosure Auction

Many agents will avoid looking for foreclosure homes simply because the process to the inexperienced can be complicated. For a real estate agent who needs to earn a commission to pay the bills, trying to find a foreclosure for a buyer when they aren’t sure of the process doesn’t make for an attractive option.

A popular myth is that buying a foreclosure home will mean you end up with a very damaged property that will require tens of thousands of dollars in renovation. This simply is not true. Completely not true.

Every week, our team at Vestus filters all foreclosure homes down to our top 30 picks and of those, only few require anything more than “lipstick” to make livable.

Perfectly great homes are available every single week at bank auctions.


You Need to Work Only With Brokers Who Have Specialized Experience and Knowledge

If you decide that you want to explore the opportunities found in foreclosure homes, then you must work with a real estate broker who is experienced in helping buyers find and purchase foreclosures.

The process for buying a foreclosure is different from buying a regular home… and you need someone who can explain all the details to you, protect you from making a costly mistake, and help you create the right financial strategy to make sure you come out ahead.

Not to brag, but our team at Vestus has over 9 years of experience and we have helped buyers and investors purchase over 5,000 foreclosures at bank auctions. We have seen all the mistakes that could be possibly made, and have a system and process in place that works.

The smartest real estate agents automatically refer their clients to us when they know foreclosures are specifically their criteria.

You owe it to yourself to explore what kind of opportunities exist with purchasing a foreclosure home.


You Can Find “Your Perfect Deal” in Only Days and Have Very Little Competition

While searching the MLS and regular market with a real estate broker who is limited to what other brokers are listing can mean it will take you weeks and weeks if not months of searching for the perfect deal…

Working with Vestus means you will have the all the data of every single foreclosure home going to auction and will be able to sift through everything within your desired geography in minutes. Know what your top 10-15 picks are in a couple hours. Conduct an analysis with our team at Vestus within a couple days. And know what your best deals are to target that week without any doubts.

Very few buyers take advantage of this opportunity and our buyers have very little competition at the auction. Often time we see fantastic deals simply not even be bid on because there weren’t any buyers.

Know What You Are Financially Capable Of

Finding a smart deal by searching through King County foreclosure homes has been providing great deals to a small number of buyers and investors. One of the biggest mistakes buyers and investors make when searching through potential deals though is simply jumping on any property that “looks nice” or “is in a nice area”.

You have to first know exactly what you are financially capable of, create an exact criteria that fits your personal situation, and stick to it. This will ensure that you do less work in filtering through deals because you will have  a tighter criteria and you will be able to make much better decisions for your future.

Work With A Broker Who Has Foreclosure Experience

You can do an online search and find information on King County foreclosure homes throughout numerous websites… the risk is not knowing how accurate the data is. We have seen many horrible mistakes made by buyers and investors because they unfortunately didn’t have accurate data.

Having a good criteria without having the right data to filter through that criteria will still produce poor results. Most real estate brokers use recycled sources of data and have not control over the accuracy. Our team has created the closest thing to an “mls for foreclosures”.

In addition to collecting all the data ourselves directly from trustees and county information, we also conduct rigorous due diligence by physically visiting every single property and verifying that all data matches reality.

This ensures that every decision our buyers and investors make is completely accurate.

All Foreclosure Properties Go To Auction on Friday

You can find King County foreclosure properties available for bid every single Friday at the county courthouse steps. With consistent inventory to choose from, both buyers and investors can define exactly what kind of property they are looking for and simply wait for it to show up at auction at the right price.

Also, with little competition at the auction, many of the deals that come along weekly simply go back to the bank with no bid and will be reentering the market as an REO which will be listed for a much higher price than the minimum bid that was available at the auction.

A weekly supply of smart deals along with currently low competition makes it possible to find the perfect home for a buyer in short order and the 3-5 perfect investments a month for an investor.

Create a Criteria and Stick to It

Our team has a specific criteria that we filter every single property through to choose our Top 30 for the week. Having your own criteria in place, whether you are flipping vs renting or targeting first time buyers vs large families, will make it easy for you to filter through the Top 30 to decide if there are any matches.

If you find a match then simply conduct your due diligence, have a strategy meeting with one of our team, and decide if the property is the right deal for you.

If it is, establish a maximum price you are willing to pay, and do not bid over that price if you find a competition for it. There will be more deals to be had the next Friday and the Friday after that.

The key, as our team likes to say, is being in the business of knowing what not to buy. Everyone knows that real estate is a solid investment over the long term. Having a criteria in place that is suitable to your goals and sticking to it will position you to take advantage of the current opportunity.

Know What You Are Financially Capable Of

Finding a smart deal by searching through Snohomish County foreclosure homes has been providing great deals to a small number of buyers and investors. One of the biggest mistakes buyers and investors make when searching through potential deals though is simply jumping on any property that “looks nice” or “is in a nice area”.

You have to first know exactly what you are financially capable of, create an exact criteria that fits your personal situation, and stick to it. This will ensure that you do less work in filtering through deals because you will have  a tighter criteria and you will be able to make much better decisions for your future.

Work With A Broker Who Has Foreclosure Experience

You can do an online search and find information on Snohomish County foreclosure homes throughout numerous websites… the risk is not knowing how accurate the data is. We have seen many horrible mistakes made by buyers and investors because they unfortunately didn’t have accurate data.

Having a good criteria without having the right data to filter through that criteria will still produce poor results. Most real estate brokers use recycled sources of data and have not control over the accuracy. Our team has created the closest thing to an “mls for foreclosures”.

In addition to collecting all the data ourselves directly from trustees and county information, we also conduct rigorous due diligence by physically visiting every single property and verifying that all data matches reality.

This ensures that every decision our buyers and investors make is completely accurate.

All Foreclosure Properties Go To Auction on Friday

You can find Snohomish County foreclosure properties available for bid every single Friday at the county courthouse steps. With consistent inventory to choose from, both buyers and investors can define exactly what kind of property they are looking for and simply wait for it to show up at auction at the right price.

Also, with little competition at the auction, many of the deals that come along weekly simply go back to the bank with no bid and will be reentering the market as an REO which will be listed for a much higher price than the minimum bid that was available at the auction.

A weekly supply of smart deals along with currently low competition makes it possible to find the perfect home for a buyer in short order and the 3-5 perfect investments a month for an investor.

Create a Criteria and Stick to It

Our team has a specific criteria that we filter every single property through to choose our Top 30 for the week. Having your own criteria in place, whether you are flipping vs renting or targeting first time buyers vs large families, will make it easy for you to filter through the Top 30 to decide if there are any matches.

If you find a match then simply conduct your due diligence, have a strategy meeting with one of our team, and decide if the property is the right deal for you.

If it is, establish a maximum price you are willing to pay, and do not bid over that price if you find a competition for it. There will be more deals to be had the next Friday and the Friday after that.

The key, as our team likes to say, is being in the business of knowing what not to buy. Everyone knows that real estate is a solid investment over the long term. Having a criteria in place that is suitable to your goals and sticking to it will position you to take advantage of the current opportunity.

Prices are at an All Time Low

One of the biggest barriers for first time buyers to buy in a premium neighborhood is simply a price that is out of range. One of those markets that has been historically hard for first time buyers to enter is Seattle, WA. Now the price barrier has been considerably lowered and many deals can be found by searching through foreclosure properties in Seattle.

With many foreclosure properties available for $0.80 to $0.50 on the dollar, the ability to buy in Seattle is now feasible for first time buyers. Prices, in both the retail market and the bank auctions, have been showing strong support throughout the summer. 

Many buyers are sensing that now is the time to take advantage of low pricing before the trend starts to rise and a coming fresh demand will only serve to bolster prices and values.

Find an Amazing Deal in Days and Have Little to No Competition

If you happen to be working with the right real estate broker… one who is experienced with bank auctions, then finding a foreclosure property to buy in Seattle will not be hard. Working with a team like Vestus will put all the data on foreclosures at your fingertips and you will be able to sift through every opportunity in a matter of hours.

Once you have established which few properties going to auction best fit your criteria, a little deeper digging into the details will show you which will be the best picks, and the next step is to go to an auction.

So few buyers and investors ever take this step that compared to the normal real estate market where properties are listed on the MLS, you will experience very little competition. Many fantastic properties come to auction and are simply not purchased because there wasn’t a buyer available.

Mortgage Rates Are At Rock Bottom

Rates are the lowest that many mortgage brokers have ever seen. Just pick up the phone and call any three mortgage brokers and ask them. All three will tell you the exact same thing.

Low rates spell opportunity for buyers. Saving tens of thousands of dollars over the lifetime of a mortgage is creating demand amongst buyers which is starting to bolster markets.  Coupling low mortgage rates with the savings found in foreclosure properties right now is creating perfect “deals of the decade” every single week for small numbers of buyers who are simply in the know.

You owe it to yourself to explore the opportunity and see what you can qualify for with a mortgage rate and also how you might be able to purchase a bank owned property at the auction.

Know What You Are Financially Capable Of

Finding a smart deal by searching through Pierce County foreclosure homes has been providing great deals to a small number of buyers and investors. One of the biggest mistakes buyers and investors make when searching through potential deals though is simply jumping on any property that “looks nice” or “is in a nice area”.

You have to first know exactly what you are financially capable of, create an exact criteria that fits your personal situation, and stick to it. This will ensure that you do less work in filtering through deals because you will have  a tighter criteria and you will be able to make much better decisions for your future.

Work With A Broker Who Has Foreclosure Experience

You can do an online search and find information on Pierce County foreclosure homes throughout numerous websites… the risk is not knowing how accurate the data is. We have seen many horrible mistakes made by buyers and investors because they unfortunately didn’t have accurate data.

Having a good criteria without having the right data to filter through that criteria will still produce poor results. Most real estate brokers use recycled sources of data and have not control over the accuracy. Our team has created the closest thing to an “mls for foreclosures”.

In addition to collecting all the data ourselves directly from trustees and county information, we also conduct rigorous due diligence by physically visiting every single property and verifying that all data matches reality.

This ensures that every decision our buyers and investors make is completely accurate.

All Foreclosure Properties Go To Auction on Friday

You can find Pierce County foreclosure properties available for bid every single Friday at the county courthouse steps. With consistent inventory to choose from, both buyers and investors can define exactly what kind of property they are looking for and simply wait for it to show up at auction at the right price.

Also, with little competition at the auction, many of the deals that come along weekly simply go back to the bank with no bid and will be reentering the market as an REO which will be listed for a much higher price than the minimum bid that was available at the auction.

A weekly supply of smart deals along with currently low competition makes it possible to find the perfect home for a buyer in short order and the 3-5 perfect investments a month for an investor.

Create a Criteria and Stick to It

Our team has a specific criteria that we filter every single property through to choose our Top 30 for the week. Having your own criteria in place, whether you are flipping vs renting or targeting first time buyers vs large families, will make it easy for you to filter through the Top 30 to decide if there are any matches.

If you find a match then simply conduct your due diligence, have a strategy meeting with one of our team, and decide if the property is the right deal for you.

If it is, establish a maximum price you are willing to pay, and do not bid over that price if you find a competition for it. There will be more deals to be had the next Friday and the Friday after that.

The key, as our team likes to say, is being in the business of knowing what not to buy. Everyone knows that real estate is a solid investment over the long term. Having a criteria in place that is suitable to your goals and sticking to it will position you to take advantage of the current opportunity.

Prices are at an All Time Low

One of the biggest barriers for first time buyers to buy in a premium neighborhood is simply a price that is out of range. One of those markets that has been historically hard for first time buyers to enter is Bellevue, WA. Now the price barrier has been considerably lowered and many deals can be found by searching through foreclosure properties in Bellevue.

With many foreclosure properties available for $0.90 to $0.60 on the dollar, the ability to buy in Bellevue is now feasible for first time buyers. Prices, in both the retail market and the bank auctions, have been showing strong support throughout the summer. 

Many buyers are sensing that now is the time to take advantage of low pricing before the trend starts to rise and a coming fresh demand will only serve to bolster prices and values.

Find an Amazing Deal in Days and Have Little to No Competition

If you happen to be working with the right real estate broker… one who is experienced with bank auctions, then finding a foreclosure property to buy in Bellevue will not be hard. Working with a team like Vestus will put all the data on foreclosures at your fingertips and you will be able to sift through every opportunity in a matter of hours.

Once you have established which few properties going to auction best fit your criteria, a little deeper digging into the details will show you which will be the best picks, and the next step is to go to an auction.

So few buyers and investors ever take this step that compared to the normal real estate market where properties are listed on the MLS, you will experience very little competition. Many fantastic properties come to auction and are simply not purchased because there wasn’t a buyer available.

Mortgage Rates Are At Rock Bottom

Rates are the lowest that many mortgage brokers have ever seen. Just pick up the phone and call any three mortgage brokers and ask them. All three will tell you the exact same thing.

Low rates spell opportunity for buyers. Saving tens of thousands of dollars over the lifetime of a mortgage is creating demand amongst buyers which is starting to bolster markets.  Coupling low mortgage rates with the savings found in foreclosure properties right now is creating perfect “deals of the decade” every single week for small numbers of buyers who are simply in the know.

You owe it to yourself to explore the opportunity and see what you can qualify for with a mortgage rate and also how you might be able to purchase a bank owned property at the auction.