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Updated about 6 years ago on . Most recent reply

Chloe Bowman's profile image
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Chloe Bowman
  • from Rochester, Minnesota
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Chloe Bowman's profile image
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Chloe Bowman
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Chloe Bowman
  • Rochester, MN
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General Real Estate Investing

Auction.com??

Chloe Bowman
  • Rochester, MN
Posted

Anyone ever purchase or even bid on properties on Auction.com? If they don't sell on there to do they go to MLS? Do all properties have a reserve? What tools do you use to determine potential property value with repairs?

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J Scott
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ModeratorReplied

Most auction.com properties USED to be on the MLS and didn't sell there. THEN they go to auction.com, which is more of a lead-generation system than an auction. There is no reserve -- the high bid gets submitted to the bank to accept, counter or reject, just like any other offer.

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