Moving a House You Purchase at Auction to Flip on Your Own Land
- Posted by: Pippie Hull
- Category: Community News
Moving a House You Purchase at Auction
To Flip on Your Own Land
Moving a house you purchase at auction to flip on your own land. Is it possible? Why would I want to do this? What do I need to know before moving a house that I purchase at auction? Let’s address these questions and answer them one at a time.
First, yes, moving a house you purchase at auction is possible. Say you and the family are traveling south of the DFW area near Lake Whitney. On your travels you discover a beautiful home to be sold at auction. You have seen the photos and all information about the house online. It would be just right for your family. The only catch? You live north of the DFW area near the Texas/Oklahoma border.
Moving a House After an Auction
But, wait! This home is to be moved from the property. That means you can still purchase this just right home at auction and move it to your property.
Second, why would you want to be moving a house you purchase at auction? Perhaps you already own a piece of property in the country and you have been looking for a home that fits your family’s needs. Unfortunately, nothing close to your area of residence meets your criteria. You begin searching online and discover a home which will be perfect for your family. All you have to do is be the winning bidder and then move the home off of its current property.
Now, sellers sell homes at auction this way for many reasons. Either to clear the property to build another home or they just no longer have need for the home, but want to see it serve another family.
Third, what do you need to know before moving a house you purchase at auction? First of all, read the terms and conditions for the auction prior to registering and placing a bid. Know how the house will sell at auction. Many times homes sell “as is, where is” meaning you are completely responsible for the home in its condition inside and out the moment you win the bid. In the words of Myers Jackson America’s Auctioneer, “As is, where is. That means if you find an alligator in the attic, he’s yours!”
Moving a House Comes with Requirements
Next, you will likely require permits for moving a house. One such permit is required by TxDMV.gov which requires a Single Trip Permit for houses exceeding a width of 20ft. Cities and communities also require permits. Some even require that the movers be licensed.
Additionally, when moving a house that you purchase at auction, your community may classify it as a new build or a remodel. These are not just two different words nor just two different types of classification. They will affect what passes or fails inspection.
Finally, once you have acquired all permits, read and understand the terms and conditions of the auction and registered for the auction, you are ready to bid!