BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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 4 years ago,
Totally new to auction.com
Hi guys
Friend won a bid on auction.com and do not want to move forward with the contract. Immediately realized that Overpaying for the property... there was a buyer premium extra +$ 13000 couldn’t see on the phone screen when placed the bid. Also first timer without bidding experience....Can he back out without any penalties? They sent the contract over but not signed.
Property data was inaccurate including number of bathrooms, estimated re sell value etc.
I appreciate your advice here...