auction: Are Auctions a Good Buy for First Time Homeowners?
- 07/30/14 03:24 AM
I just took a call from a first time home buyer inquiring about a short sale property I have listed. It is a short sale, and the bank has insisted on a period of auction. That's a story for another day!
The buyer then asked if I knew of other auction properties in the area. She wanted to find a good deal and thought an auction was the best way to find one.
Auctions aren't necessarily a good deal, especially for first time homebuyers. Auctions typically require a 3-5% buyer premium to be paid on top of the winning bid … (1 comments)
I just took a call from a first time home buyer inquiring about a short sale property I have listed. It is a short sale, and the bank has insisted on a period of auction. That's a story for another day!
;)
;)
