May
15

Ever Been to a Home Auction? Here’s Your Chance

May 15, 2010

Want Chicago real estate? Why not buy it through an auction?

A Hudson & Marshall residential auction of approximately 60 Chicago-area, bank-owned homes will take place on Thursday, May 20 at 1 p.m. in the Hilton Chicago in Northbrook.

There's still time to bid on this three-bedroom, two-bath condo on Cornell Avenue in Chicago.

All properties, located in the city and surrounding suburbs, are being sold “as-is,” so it’s important to view your prospective property. Either make an appointment with the agent, or visit the home during the Open House this Saturday and Sunday from 1 to 3 p.m.

Some of the properties have a Bid Now option, which means you can bid on a property before the auction. These properties offer no inspection period.

You do not have to secure financing before attending an auction, though it’s not a bad idea, because then you’ll know just how much you can bid. You can register on the day of the auction; bring an ID.

If you are the winning bidder: Congratulations! You must make a cash or certified check deposit of $2,500. The seller pays for the title insurance. Most homes close within 30 days.

What: Chicago Home Auction

Where: Hilton Chicago in Northbrook, 2855 N. Milwaukee Ave, Northbrook

When: Thursday, May 20; 1 p.m.

Open House: Saturday and Sunday, May 15 and 16; 1 to 3 p.m.

Contact: ChicagoLandHomeAuction.com or call (866) 509-4473 for a free brochure

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Tracey

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