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118: The Next “Wave” of Foreclosures and Markets With the Deepest Discounts w/Auction.com’s Daren Blomquist

On The Market

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How to Buy a Foreclosure on the Courthouse Steps

The general rule of thumb is a 30% discount and then you subtract your repairs from that so they'll sometimes put you right around 40%. There's tons of opportunity for folks out there. You have to be disciplined as Henry is because if you're not, you may end up getting outbid by someone else. 15 percent of our buyers said they were owner occupant buyers which is up from 8 percent a year ago. Those owner occupant buyers are inherently more willing to bid a little bit higher than maybe an investor on a property.

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