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Old 11-23-2007, 11:40 PM   #21
Confused about dryer sheets
Join Date: Nov 2007
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I'm curious to see how many of these homes actually end up selling. There are reports this auctioneer plays games with buyers.

Tryan, have you had any luck with the excel sheet? I'd love to see the information on what sold and for how much.
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Old 11-24-2007, 07:41 AM   #22
Thinks s/he gets paid by the post
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Stuff, any links/report citing the "games". The only thing that surprized me was the auctioneers 5% commision ADDED to the sale price. So on a 300k bid, they walk with 15k. But they were very clear in explaining this. No surprizes to the winning bidders.

I'll try to link the spread sheet ... need to get it from home thou (we're away for T-giving). The scatter plot in the attachment in my previous post has the sales values. The excel will map addresses to prices.

One thing for sure, everyone should be motivated to close these deals: the banks got high prices (relative to rents/wages); the auctioneer makes 5%; and the high bidder left 5% on the table after signing a P&S.
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