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Updated over 7 years ago on . Most recent reply
How does auction.com really work?
I've heard mix stuff about auction.com. Just curious if anyone have done deals there and what's the outcome and how it work.
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Jay Hinrichs
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
it works.. you put up 2500.00 deposit to bid.. if you are the successful bidder EM is usually 3 to 10k per property.. then its a normal escrow.
although sales are as is.. so make sure before you put up your EM and bid deposit that your sure you want to buy it.
I would say 95%of the deals are pretty much retail.. and about 5% are decent deals .. so you really have to watch it and scour the site to make a decent score.
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners