Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Tips for first time Auction goer
So I'm going to my first home auction tomorrow. Older gentlemen died and his kids are auctioning off the home and everything in it. I want the house of course and need some tips on how the bidding process works. Do we go in and bid our highest right out of the gate? I've already walked through it and know it's a good buy for the right price.
Do we wait and bid in 1,000$ increments? Do banks come to these? Do we wait and bid at the end or do we bid early? What are the best ways to go about it?
Thanks in advance.