Property listed on MLS & Auction.com

[Alex S.]

Quick question for those that have experience with auction.com. I saw a property on the mls that I wanted to make an offer on. I e-mailed my agent Monday morning and found out that the listing was pulled Friday, Dec 13th after being listed for 6 months and price dropped 79K.

I just saw the house on auction.com and it said auction ended 11-25, but it was on mls last week. So my question is: can it be listed on the MLS and be auctioned on auction.com at the same time? On auction.com it has sale pending..so I guess that means I'm too late or does it? My agent reached out to the previous listing agent, but no response, so she gave me the attorneys number and said it would not hurt to call. So does auction.com gets properties that does not sale when listed on MLS or is it being auctioned while being listed?

[Jonathan Greene]

Yes, in my market it has to be listed on both. The issue is that the REO agent sometimes doesn't care of keep up with the MLS version so it isn't always marked. The MLS version usually has the reserve price or higher and when you go to Auction dot com or Hubzu you will see a much lower price, but that is the opening bid. Once it's listed on the auction site, that usually has more up-to-date information than the MLS. Hope that helps.