Updated about 11 years ago on . Most recent reply
Courthouse Auction Prices
For the folks who regularly buy at courthouse auction - how have prices changed in last 6-12 months in your market?
Attended a sale today in which a property that I was sure would have sold for less than $75k ended up going for $88k. I haven't been to a ton of these...so I'm not sure if this was an outlier or the norm.
Just curious what others are seeing in their markets right now!
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Reminds me of the old Yogi Berra quote "Nobody goes there anymore. It's too crowded."
People bid up junk on the low end and institution blind bid on much of everything else worth considering under $200K. We packed up our toys and left the sandbox a while ago. Waiting for the rains to come and drive off the people.