Real Estate Auctions
This is my first blog and I hope that everyone enjoys reading my thoughts and news from Real Estate. I always encourage comments and feedback to help me get the news that you want. I have just returned from yet another Real Estate auction that made me scratch my head. It was located at an old Victorian in Baker and there were about 6 properties auctioned off. When I first arrived I noticed all types of people standing around. There were a few that actually knew what they were doing and were quietly waiting for the sign up. There were quite a few others that had no clue and went up to everyone they could to see if they knew what was going on. In these uncertain times I wonder why people would show up at an auction without representation, where, when the gravel comes down they have just purchased a house that has no "get out of contract" clause. There were probably 50 people at the auction but there really were only about 10 serious bidders. With 1 exception every house...