What Investors Get Wrong About Auctions | Melissa Bussey | Bigger Pockets Podcast
EPISODE 552: If you think auctions are risky or confusing, then we have some news for you: that mindset is costing you deals.
Many investors avoid auctions due to misconceptions, especially the belief that auction properties can’t be financed—but this is not always the case.
In fact, if you let go of these prejudices, you could even find your next star property in an auction!
To discuss this in more detail, we sit down with an expert, the amazing Melissa Bussey.
Melissa is the Executive Principal at Xome. With 18 years of experience in foreclosure and auction sales, particularly in the buying and selling of properties through auction, she is a treasure trove of tips about all things auctions.
In this episode, she discusses:
- Which auction properties can be financed
- Why Xome is the perfect due diligence tool
- How reserve prices work
- The unique tools Xome offers real estate investors
… and so much more.
Ready to unlock the world of auction opportunities?
Let’s dive in!
Key Takeaways:
Introduction (00:00)
Misconceptions about auctions (00:39)
How to be more confident in the auction process (03:57)
How to sell with Xome (12:21)
Success stories from Melissa (19:23)
How to source your future properties from Xome (23:02)
How to build your confidence in buying properties on auction (28:22)
Additional Resources:
⚡ Connect with Melissa
Learn more about Melissa’s work: link
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⚡It’s time to rethink auctions.
Xome is transforming real estate investing with their tech-enabled, data-driven marketplace. They provide investors with full transparency and hands-on control throughout the entire buying and selling process.
Level up your investment strategy with unparalleled support and actionable insights that help you make smarter decisions every step of the way and see for yourself why Xome is where real estate deals get done.
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Liz & Andresa
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The InvestHER Podcast is a podcast by women for women all over the world who want to learn how to invest in real estate, grow their portfolio, and develop the mindset that allows them to run successful businesses while taking care of their families and – most importantly – taking care of themselves. Follow us for more!
