Thursday, March 27, 2008

Curbside Home Auctions


Max said...

You never get the back story on these "auctions." Why would anyone bid in an auction when the seller can decline the bid? That's what a reserve is for!

Sorry, until the banks treat buyers as equal partners in the deal, I'll have no part in these auctions.

Jacob said...

yea, and you still get to hand over a deposit and pay a fee, like 5% on top of the bid. And then the bank just declines anyway.

Plus 50% investors, fine, let them set the comps and Ill look when they are all either broke or have bought as many homes as they can.

smf said...

"Plus 50% investors"

Have I not said as much lately? We still have the same problem as before! This market was driven by rampant speculation, and still the buyers out there right now are nothing but speculators!

Third inning in this game, max.

Patient Renter said...

"Auction" is just a word that's tossed about for the purpose of attracting attention... kinda like the word "Sale" attracts attention.

Buying Time said...

Off topic...but another vision of what is in store for us in the future.

Ordering pizza in 2010.