Auction properties are sold as-is and typically without contingencies. Your due diligence happens before you bid, not after you go under contract.
- Walk the property when access is provided (see the listing for instructions).
- Take photos and short videos for later review.
- Look at roof, structure, mechanicals, and any obvious water issues.
- Estimate repair or rehab needs at a high level: light, moderate, or full gut.
You are responsible for verifying condition. Ashland does not guarantee the physical condition of any property.
- Review any documents posted on the auction listing.
- Ask your title company to run a title search when appropriate.
- For Baltimore City, review open violations and liens using public tools.
For a deeper dive on this topic, see our guide: Buying Properties with Violations & Liens.
- Check recent sales and rents in the immediate area.
- Drive the neighborhood at different times of day.
- Consider demand: owner-occupant, rental, or investor-heavy.
- Confirm zoning and any overlays that may affect use.
Go into the auction with a clear plan for what you’ll do if you win:
- Flip: Buy, renovate, and resell.
- Rent: Hold as a long-term rental.
- BRRRR: Buy, rehab, rent, refinance, repeat.
- Owner-Occupant: Move in after necessary work is completed.
Your maximum bid should reflect your exit strategy and risk tolerance.
A simple framework many investors use:
- Start with your target After-Repair Value (ARV).
- Subtract your estimated rehab and closing/holding costs.
- Subtract your desired profit or equity position.
- What’s left is your approximate maximum purchase price (high bid + Buyer’s Premium).
This guide is informational only and not financial, legal, or tax advice. Always consult your own advisors.