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  • January 28, 2008 at 1:07 PM #144328
    boomer
    Participant

    I went, the whole thing seemed fishy to me. I left at #90. By that time, there had already been 33 properties re-bid. So they would have you believe that 1/3 of the winning bidders either didn’t understand the rules, didn’t bring a personal check, got cold feet or whatever. Maybe if they bid one to far on behalf of the bank, no problem, they can just re-bid it. I will not be putting time in on the next one. Most of the properties got bid up to, or above, what I thought they were worth (or will be in 3-5 months) fixed up. One or two were at about a 15-20% discount, not enough to fix and flip in this market…

    January 28, 2008 at 7:40 PM #144266
    GunDoctor
    Participant

    I have not heard one good thing about auctions since I started researching housing.
    What is the point of auctions anyway…it there any advantage to participating.
    I can’t find anyone who says yes.
    Would it not be better to “bid” with an agent and submit offers on housing you wanted to buy and avoid the whole circus.
    I dont know how the acution guys will stay in business if they keep pissing off the other half of their customers.
    they don’t make money if nothing sells do they?
    gun

    January 28, 2008 at 7:40 PM #144505
    GunDoctor
    Participant

    I have not heard one good thing about auctions since I started researching housing.
    What is the point of auctions anyway…it there any advantage to participating.
    I can’t find anyone who says yes.
    Would it not be better to “bid” with an agent and submit offers on housing you wanted to buy and avoid the whole circus.
    I dont know how the acution guys will stay in business if they keep pissing off the other half of their customers.
    they don’t make money if nothing sells do they?
    gun

    January 28, 2008 at 7:40 PM #144508
    GunDoctor
    Participant

    I have not heard one good thing about auctions since I started researching housing.
    What is the point of auctions anyway…it there any advantage to participating.
    I can’t find anyone who says yes.
    Would it not be better to “bid” with an agent and submit offers on housing you wanted to buy and avoid the whole circus.
    I dont know how the acution guys will stay in business if they keep pissing off the other half of their customers.
    they don’t make money if nothing sells do they?
    gun

    January 28, 2008 at 7:40 PM #144606
    GunDoctor
    Participant

    I have not heard one good thing about auctions since I started researching housing.
    What is the point of auctions anyway…it there any advantage to participating.
    I can’t find anyone who says yes.
    Would it not be better to “bid” with an agent and submit offers on housing you wanted to buy and avoid the whole circus.
    I dont know how the acution guys will stay in business if they keep pissing off the other half of their customers.
    they don’t make money if nothing sells do they?
    gun

    January 28, 2008 at 7:40 PM #144533
    GunDoctor
    Participant

    I have not heard one good thing about auctions since I started researching housing.
    What is the point of auctions anyway…it there any advantage to participating.
    I can’t find anyone who says yes.
    Would it not be better to “bid” with an agent and submit offers on housing you wanted to buy and avoid the whole circus.
    I dont know how the acution guys will stay in business if they keep pissing off the other half of their customers.
    they don’t make money if nothing sells do they?
    gun

    January 28, 2008 at 8:22 PM #144275
    NotCranky
    Participant

    “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.

    January 28, 2008 at 8:22 PM #144616
    NotCranky
    Participant

    “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.

    January 28, 2008 at 8:22 PM #144543
    NotCranky
    Participant

    “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.

    January 28, 2008 at 8:22 PM #144518
    NotCranky
    Participant

    “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.

    January 28, 2008 at 8:22 PM #144515
    NotCranky
    Participant

    “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.

    January 28, 2008 at 9:00 PM #144528
    Raybyrnes
    Participant

    Auctions are just another way of bringing together buyers and sellers. I don’t really see any advantage or disadvantage to this style of buying. If you are open to the homes that are available, you establish a maximum bid price ans you stick to this dicipline than why would you not feel great if you had a much higher maximim bid price and the the auction price came in much lower. Seems to me this would result in a better del than using the traditional method.

    January 28, 2008 at 9:00 PM #144525
    Raybyrnes
    Participant

    Auctions are just another way of bringing together buyers and sellers. I don’t really see any advantage or disadvantage to this style of buying. If you are open to the homes that are available, you establish a maximum bid price ans you stick to this dicipline than why would you not feel great if you had a much higher maximim bid price and the the auction price came in much lower. Seems to me this would result in a better del than using the traditional method.

    January 28, 2008 at 9:00 PM #144554
    Raybyrnes
    Participant

    Auctions are just another way of bringing together buyers and sellers. I don’t really see any advantage or disadvantage to this style of buying. If you are open to the homes that are available, you establish a maximum bid price ans you stick to this dicipline than why would you not feel great if you had a much higher maximim bid price and the the auction price came in much lower. Seems to me this would result in a better del than using the traditional method.

    January 28, 2008 at 9:00 PM #144286
    Raybyrnes
    Participant

    Auctions are just another way of bringing together buyers and sellers. I don’t really see any advantage or disadvantage to this style of buying. If you are open to the homes that are available, you establish a maximum bid price ans you stick to this dicipline than why would you not feel great if you had a much higher maximim bid price and the the auction price came in much lower. Seems to me this would result in a better del than using the traditional method.

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