Binghamton, NY (WBNG Binghamton) Steven Payne had his first auction experience Thursday.
And although he was only a rookie in the bidding world, he walked out of tonight’s property auction owning a house on Linden Street.
“I had a price set in my head and I wouldn’t go over that,” Payne said.
He already has plans.
“I'm gonna fix it up and live in it," said Payne. "It'll be my first home."
Payne was one of dozens of people at Thursday’s auction at the Holiday Inn, but people weren’t bidding on brand new homes -- they were purchasing foreclosed properties.
Foreclosed properties are sometimes synonymous with disrepair and a lack of attention, so tonight the county continued taking steps to rid the community of some of these eyesores.
"In our continuing effort to clean up our communities, we are auctioning off these properties in hopes that a new buyer will come in and clean them up, said Broome County Executive Debbie Preston in a release.
Real Property Director David Hamlin echoed Preston's words and said the purchase of these properties benefits more than just the buyer and the county.
"It’s positive for the residents also," said Hamlin. "Because generally what these folks do is they improve them [the properties], they make it more of an asset to the area, or they bring this thing that’s needed to be painted, needed windows, may have been a complete disaster, they’ll bring it back into shape."
The next Broome County auction will take place on Nov. 15.
It will be much larger than Thursday's auction -- Hamlin says we can expect more than 120 properties.