“Would it not be better to “bid” with an agent and submit offers on housing you wanted to buy and avoid the whole circus.”
Absolutely!
Disclaimer: I have a personal interest in people not going to auctions.
Kidding aside. I am sure some people get good deals at auctions and some people blow it putting bids with realtors.For average investors it is probably more of a matter of when and what than how.Obviously there are more choices with the broader market.For people to whom the deal is more important than the house selection, auctions probably are o.k. if they are disciplined and their timing is good. The court house steps might be a better way to go if one has cash because you are only bidding against other cash buyers.
