Bidding on auction.com

[Tom Martinez]

I want to bid on a property that is due to be auctioned on auction.com in the next few weeks. I would like to understand any additional costs or risks associated with bidding. So, I am curious what other expenses I could incur through the process, other than what I plan to bid. Any experience or suggestions are greatly appreciated. Thanks!

[Larry F.]

Hi Tom

Just participated in a Auction .com sponsored event in Washington State.

My expenses were as follow.

• Bid Deposit of 750.00 (for my county)

(2) Wire Transfers @ 25.00 each (1) for deposit and (1) for the Bid Payment

Other than that, I just had time investment doing research on the property's I wanted to bid on. It was fun and there is competition out there. So know you max bid and stop there.

Tip: Don't place your bid until late in the process, it will keep the price down. I mean way late with just a few minutes left. Be prepared to watch the bid closely.

Have Fun!

Larry Foster

Wholesaler Washington State