misanman
Thinks s/he gets paid by the post
- Joined
- Apr 28, 2008
- Messages
- 1,256
We are seriously considering bidding on some property that is being sold to settle an estate. The property sale is being handled as an online auction.
Aside from Ebay, I have no experience with this sort of thing and I'm looking for advice on how to increase our chances of winning while avoiding over spending.
The auction will end at 2:00 PM on the 31st, except that any bid received will extend the deadline by 5 minutes.
The terms of the auction are cash sale (no contingencies for financing, etc). Settlement will be within 30 days.
There has been some bidding already, but I expect the serious bidding to take place on the 31st. The current bid is $115K but I wouldn't be surprised to see a winning bid of $200K plus.
Does anyone have experience with an online real estate auction and what advice would you give?
Aside from Ebay, I have no experience with this sort of thing and I'm looking for advice on how to increase our chances of winning while avoiding over spending.
The auction will end at 2:00 PM on the 31st, except that any bid received will extend the deadline by 5 minutes.
The terms of the auction are cash sale (no contingencies for financing, etc). Settlement will be within 30 days.
There has been some bidding already, but I expect the serious bidding to take place on the 31st. The current bid is $115K but I wouldn't be surprised to see a winning bid of $200K plus.
Does anyone have experience with an online real estate auction and what advice would you give?