Experience with Auction.com

[Jessica M.]

Hi All!

Anyone out there have experience with auction.com? If so, do you feel like you still get a good deal or do most houses end up going for market price since you are competing with other investors?

My husband and I found an awesome deal and were confirmed to view the property, which was listed on MLS. Immediately after seeing the property, we wanted to submit an offer but our agent realized that we can only submit through auction.com, which requires an immediate hold on your credit card.

We don't know why the seller's realtor let us in if the property is on auction, but either way we are very interested, but don't know if it's worth it to go through the auction.com process.

I welcome any tips and advice. We are trying to get our first rehab, but it's like a ratrace out here in central NJ!

[Rob Witt]

@Alex G.

At least two have closed in my town that I have seen. Granted, the price didn't look discounted by much for being on auction.com