May
10

Chicago Real Estate Auction Saturday

May 10, 2011

Chicago-area home prices are extremely low right now, and nothing is lower than the price of a bank-owned home being sold via auction.

If you are in the market to buy a home or invest in property, you should check out the local auction of more than 100 homes on Saturday, May 14 by Hudson & Marshall Auctioneers.

Aurora home

This cute home in Aurora is being auctioned this week.

“While the housing market is in recovery mode, now is a phenomenal time for buyers hunting for property to take the plunge and foreclosure auctions is where they can find great buys,” said Dave Webb, principal Hudson & Marshall. “By the time banks offer these homes at auction, they are eager to sell them so buyers can usually purchase them at a discount.”

All properties auctioned by Hudson & Marshall come with an insurable title but are sold “as-is,” so you should inspect any property before placing a bid. Contact the listing agent to schedule an appointment.

You can also purchase one of the properties before the auction by clicking on the ‘Bid-Now’ icon at the website. This is a reserve auction, which means sellers can accept, reject or counter any offer, however, Hudson & Marshall officials say the majority of offers have been accepted.

To see all the available properties, visit hudsonandmarshall.com. You can also call (866) 539-4172 for more information.

What: Hudson & Marshall Home Auction

When: Saturday, May 14; 11 a.m.

Where: Chicago Marriott Southwest at Burr Ridge, 1200 Burr Ridge Parkway

Cost: Winning bidders will be required to make a cash or certified check deposit of $2,500 per property

Visit: hudsonandmarshall.com for more information

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