Auction Site Review – What You Should Know
Posted by admin under: Online Auction Oct 21
Auction.com is an auction site that is dedicated to real estate auctions. After registration you can place bids online or at live auctions in person. The online auctions are billed as Flash auctions and seem to be a bit rare, the majority of the auctions are held live in real time and in person.
Auction.com bills itself as the “global leader in real estate auctions” this is a pretty broad statement. The landing page informed me that there is “20 years of expertise”, I was not really sure who or what expertise was being referred to.
I decided to try the chat feature so I could get some of my questions answered because there was just too much information to filter through on the FAQ page. No one answered! I attempted a few times through out the day to get a response but I couldn’t so that was a bit of a black mark.
Registration
The registration is free so I guess there is nothing to lose if you decide that this site just isn’t for you. I decided that without having to register, I am not in the market for buying property sight unseen in another state, and if I want to attend a local foreclosure auction all I have to do is visit my county court house and take a look at the notices posted in the hallway.
Fees
Registration is free but there is a 5% buyers premium assessed to any winning bid. This is a bit high considering that you are bidding on real estate that can run into the hundred thousands of dollars.
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Friday, October 21st, 2011 at 7:22 pm and is filed under Online Auction. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.