Property on Hubzu and also MLS

[Hutoxi Maneckshaw]

Hi,

I am new to investing and wanted some advice. I have seen a property listed on Hubzu for auction and the starting bid is 153K, and the same property also came on the MLS for 199K. So does this mean they are looking to get 199K ? Should I even bother bidding on it ? Does anyone think the buyers premium of 4.5% is just too high ?

Thanks,

Hutoxi.