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Updated almost 13 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Friendswood, TX
508
Votes |
663
Posts

Anyone have commercial experience with auction.com

Account Closed
  • Rental Property Investor
  • Friendswood, TX
Posted

Looking at a property that will shortly be offered on auction.com. I searched and saw a couple post that related to residential. Any one have any info regarding experience buying/selling commercial on auction.com?

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341
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Andy Chu
  • Involved In Real Estate
  • Las Vegas, NV
86
Votes |
341
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Andy Chu
  • Involved In Real Estate
  • Las Vegas, NV
Replied

We've purchased 4 properties on it and sold 1there as well. Once you go into the due diligence vault, the seller will start contacting you about the property. They will try to probe you to get about how much you will bid. Do not give them that info, sellers can proxy bid to or fake bid to any amount they so choose.

After selling one property, I have a hard time bidding on commercial items again

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