Bidding on a Prayer Real Estate Auction Resource Guide
This guide contains all you need to know to properly underwrite and strategize to successfully win at the Wayne County auction. Created by Detroit real estate expert, Herbert J. Strather, This guide features the 15 biggest mistakes to avoid and how to win before you bid. This guide will also teach you how to approach the auction with a critical eye in order to walk away with the best value in your properties.
Warning: Don’t even think about bidding unless you acquire this guide!
- Opening Statement
- Goal Setting
- The Five Fs
- List of Important websites
- Running Proformas
- Q & A - After the Bid
- The 15 Biggest Mistakes to Avoid
- A-1: Auction Criteria Worksheet
- A-2: Blitzing Auction Style
- A-3: Deal Submission Form
- A-4: Consolidated Proforma (example)
*DISCLAIMER- This booklet is not applicable to Lien Tax Auctions