Experienced auction buyers are optimistic about acquiring distressed properties in 2025, expecting to purchase more despite lower prices due to increased foreclosure rates. Auction sellers also foresee an uptick in foreclosures, suggesting a greater inventory for buyers, especially local community developers who are notably optimistic. Buyers, like Rebecca Sequeira from Arnell Homes, are looking for better deals in light of rising rehab costs, echoing Warren Buffett's advice on market timing. Approximately 64% of surveyed buyers project an increase in property acquisitions, indicating confidence despite economic challenges.
'I am anticipating more distressed properties will be coming available, and I'm looking for better deals since rehab costs are increasing,' wrote Auction.com buyer Rebecca Sequeira.
Nearly two-thirds (64 percent) of Auction.com buyers surveyed in February said they expect their property acquisitions in 2025 to increase, up from 60 percent of those surveyed at the beginning of 2024.
Buyers describing themselves as local community developers were the most optimistic among buyer types, with 95 percent expecting purchases to increase or remain the same.
Experienced buyers of distressed properties at auction have remained remarkably optimistic about their property acquisition prospects in 2025, despite economic uncertainty.
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