Click the play button on the video window to the right to see the storyPHOENIX -- Plenty of deals could be had at the Phoenix Convention Center over the weekend as the
Real Estate Disposition Corporation auctioned off hundreds of foreclosed homes.
For two whole days, Mel and Dodie Strahl of Glendale waited for their opportunity to buy a home.
"At first we have to admit, the whole thing seemed intimidating," said Dodie Strahl.
Yet after watching one deal after another come off the board, the Strahls decided to make a play on a 2 bed, 1 1/2 bath house in Avondale.
"We were hopeful, and it worked out," said Dodie Strahl.
With a bid of $27,500 dollars, the Strahls won.
"It was listed for $200,000 before, so we're excited about it," said Dodie Strahl. "We have nieces and nephews who need a place to live."
Sunday, it seemed as fast as you can say going, going, gone, hundreds of people became homeowners, many for just pennies on the dollar.
A house for $30,000 dollars or $60,000 dollars, how can you really go wrong," said Andrew Crosby of Phoenix. "You just have to have cash and wait it out."
But experts warn you should do your homework and have the home inspected thoroughly before bidding.
"You have to do your research, SAID Dan Hanz of Phoenix. "Take a look at the property and see what's going to be the best bang for your buck."
However, after trying and succeeding, the Strahls found the going good at auction.
"We came to see the whole process, whether there was a deal to be had, and we found one," said Dodie Strahl.
When it comes to buying homes at auction, the Strahls say they are sold.
