Updated over 9 years ago on . Most recent reply
AUCTION.COM
Is there anything to be aware of when bidding on Auction.com? Looking in a 40 mile radius of my house I've found several favorable deals. Some look to good to be true.
I've seen several homes that are valued at or around $200K with a starting bid at $50K and with less than 24 hours left on the auction they are only bid up to 80-100K. Looks like a quick way to make money if the inside isn't trashed. Could clean up the yard and to some routine maintenance on the inside and re-list with a local realtor? I guess the main down side I see is that they are cash only auctions and you must have funds ready to go before you bid.