Posted on: 29 January 2016Share
If you want to be able to get a great home without paying a fortune for it, consider buying a home at an auction. There are times when homes go up for auction, but the property they are on is not included in the sale. When this happens, you need to have the home moved. The following guide walks you through everything you need to know to buy a home at an auction and have it moved to a new property.
Discuss the Situation with an Oversized Hauling Company
The first thing you need to do is discuss your plan with an oversized hauling company. The company will have experience hauling large items from one place to another. You need to find out how large of a house the company is able to move. This will allow you to narrow down the selection of homes that are available to ensure that you only bid on a house that the company can actually move.
Get Preapproval for the Home Purchase
Go to a home lender and apply for preapproval for a home loan. The lender will tell you exactly how much money you are approved for so that you know how high to bid when you go to the auction. The preapproval is only valid for a specific amount of time, so be sure that you know exactly when the approval expires to ensure that you can actually buy any home you bid on at an auction.
Search for Auctions
Search for housing auctions in your area online, in newspapers, and with a local real estate agent. The address where the home is located is often listed with the information about the auction. This allows you to go and look at the exterior of the home and take pictures to show your moving company so that they can make sure there is a way to gain access to the home so it can be moved.
Move the Home
After you win an auction, you will have a specific amount of time to move the home. Be sure that you purchase a lot to move the home to before you actually bid on the house. The moving company will need to start moving the home right away and ensuring you have a place for them to take the home is essential.
The moving company will have all of the equipment, staff, and experience needed to move the home. You will need to hire a contractor to build a new foundation for the home on the new home lot though. Give the contractor a few weeks to build the foundation so it has time to set before the home is placed on it.
For information on towing issues that could arise with the semi, contact a business like Glen's Towing & Road Service.