investing: Are there rearlly any deals at Real Estate Auctions - 04/29/08 05:32 PM
 
I have been to auctions in the past where is was difficult to get an average deal. All of the market values is checked in the auction catalog were inflated by $100,000 to $200,000.  With the buyers premium of 5% added to the closing price and the environment of the auction, it is my impression that most folks will probably pay more for the home at auction than they would if they tried to purchase during a short sale or as an REO.  Antoher benefit of short sale or REO's are that the buyer has additional time to inspect/evaluate the property. The due diligence time reduces the buyers … (3 comments)

 

John and Renee Kunz

Hollister, CA

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Intero Real Estate

Address: 800 San Benito Street Suite C, Hollister, CA, 95023

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