Do buyers overpay at auctions? - 06/29/11 01:33 PM

Last week, I took a buyer to a local "Williams & Williams" auction where they were selling 4 properties. The auction was done live on the front lawn of one of the properties and buyers could also participate online.
If you haven't seen Williams & Williams auctions, check out their Auction Network site which shows all the current auctions they are running. I think they do a nice job.
We were both surprised at the prices each of these properties received. My buyer is a well seasoned investor and we did our research to know the right price to pay … (0 comments)

 

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