The guy who won that house is a young guy (in 30s), and does not seem like a flipper. He didn’t join the bidding until the very last stage, from around $540K. I think he could just be a consumer for the house.
Actually, I would disagree with you. This is how you bid on auctions if you don’t want to drive the price up. You wait until bidding slows down and if the price is still under your max, place a bid.. higher enough above what the last bids were to make people pause.. but not at your peak bid.. unless the price is very close to your peak.[/quote]
The last 2 person actually bid for a while (at least 20 bids between them).
The TS guys announced the address, and immediately 5 or 6 person raise their hands to qualify the bid. And then 3 start bidding each other off. (the other 2 or 3 was not bidding)… then as soon as they dropped out, one of not-bidding guy join in.
One older guy bid for quite a while, until the last guy join and he seems determine to win this particular house.
As soon as he won and finish the paper work, he just left and didn’t stay for the rest of properties.
Maybe that is why I think he could be a consumer.
I might go visit again next week.
I will know if he is a regular or not by then.
