auctions: Auction Frustration
- 12/03/10 09:04 AM
One of the newest trends to hit our area are the homes for auction. They've been listed for market value for some time but they are not moving. So, we have a one time open house so that our clients can register to participate in the bid page submission. Attractive prices, you bet. Often times, they are $200,000-$400,000 under market value. Well, they now fit into my client's price range but there is no way that this equity seller is going to sell this home at the lower than market/beginning bid price. I explain to my client that they won't get … (1 comments)
One of the newest trends to hit our area are the homes for auction. They've been listed for market value for some time but they are not moving. So, we have a one time open house so that our clients can register to participate in the bid page submission. Attractive prices, you bet. Often times, they are $200,000-$400,000 under market value. Well, they now fit into my client's price range but there is no way that this equity seller is going to sell this home at the lower than market/beginning bid price. I explain to my client that they won't get … (1 comments)
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