Hubzu

[Stephanie Fenter]

What are the best ways to win a home on hubzu? The home was first listed at 46k for awhile with a few bidders of 47-49k, reserve was not met. A couple days ago it was relisted at 35k, no bidders yet. Since the starting bid was listed at this price does it mean the reserve will not be more than 46k (there first listing price)?

[Lisa Kohl]

@Stephanie Fenter There's no sure way to know what the reserve is- usually the starting bid is a teaser to get folks interested. If these sites are fairly new to you I wrote a blog post here in BP that will help answer questions many people have about these sites that you may find helpful: https://www.biggerpockets.com/blogs/6630/blog_posts/44315-auctioncom-hubzu-and-homesearch--what-you-have-to-know