How many times have you driven through any of Baltimore’s particularly beautiful neighborhoods, gawking at house after house, trimmed hedge after trimmed hedge—ogling dormer windows, widow’s walks, wrap-around porches—thinking, “maybe that house was affordable fifty years ago, but these days…” But who says pieces of property like that need to be a pipe dream? Baltimore is full of amazing architecture, and unlike in some larger cities, here it’s totally possible to become the owner of a fabulous home in a great neighborhood. And while there are a variety of ways to go about doing that, auctions can be the savvy buyer’s ticket to truly unique and hard-to-come-by properties. On October 1st, Tranzon Fox will be offering a couple of properties at a special one-day-only auction—one in Roland Park and the other along the ever-expanding Falls Road corridor. If you’ve ever considered purchasing something that could serve as an income-providing rental property, this auction may be just what you’ve been looking for.
The Roland Park property that will be on auction on October 1st contains three sunny apartments that work fabulously well as rental properties, given the amazing location.
The property on Falls Road contains .65 acres over two lots, including a duplex.
If all this sounds a bit daunting—for example, if you’ve never participated in a real estate auction before, or if you’re not sure you’re ready to take on a multi-family property—never fear. Rachel Rabinowitz, Tranzon Fox’s auction specialist is just that—a specialist when it comes to helping lay people (that’s most of us) understand the process of buying at auction. And she’s more than happy to help. In fact, most inquiries that Rachel receives about properties for auction come from people new to the process, regular folks looking to make a smart purchase. And one of her first pieces of advice for those new to the game is to get informed—ask questions and find out just how the auction will work. But once you’ve got all the info you need? Have fun, suggests Rachel. After all, “no one can predict with certainty what’s going to happen,” she says, but finding the perfect property can be a real rush—and with special opportunities like a one-day auction, how could there not be at least a little thrill in the air?
For more information about Tranzon Fox’s relocation auctions, or these particular properties, visit www.tranzon.com.