Purchase through Auction.com

2 Replies

Hello,

I'm looking at a property to make my first purchase through Auction.com.  Has anyone ever purchased through auction.com?  What was the experience like?  any suggestions or tips?

thanks,

Jackson Howell

I've done it successfully, it went fine. They were slow to respond at times, but otherwise it was much like any other real estate transaction after the bidding process. Depending on your area and the specific property, the details change a lot - e.g. whether you can get access to the property, what they charge in fees, etc. Read the fine print.

Don't be surprised if your initial bid doesn't meet meet the reserve price and they decide to re-run the auction a bunch of times. Just stick to your numbers and keep bidding.