Questions tagged [auction]

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Buying back foreclosed property at auction

This is a theoretical situation, one that keeps making the rounds on Facebook (and probably other social media sites) of a "feel good" type of story, but I'm wondering if it has any basis in ...
computercarguy's user avatar
1 vote
0 answers
24 views

How to interpret auction/issuance results?

If a new bond (issuance size of 300M) was 3X covered and had 40 buyers, what does it mean?
the_brass_bottle's user avatar
-4 votes
2 answers
324 views

Why aren't Treasury bill auction reopenings marked as reopenings on the Treasury Auction Schedule?

Let's consider on the 13-week bill whose auction date is Monday, March 13, 2023 on Treasury Tentative Auction Schedule. It's not marked as a reopening on the Treasury Tentative Auction Schedule (no R ...
Franck Dernoncourt's user avatar
-6 votes
1 answer
136 views

What part of the auction process for U.S. Treasuries makes it impossible to enroll in the auto-rollover feature after the initial order entry?

When trying to activate auto-rollover for an already purchased Treasury security on Schwab, I get the message: This security is ineligible for auto-rollover. Due to the nature of the auction process ...
Franck Dernoncourt's user avatar
-1 votes
1 answer
303 views

What are the pros and cons, if any, of purchasing Treasury securities at a reopened auction (vs. a new, non-reopened auction)?

I read on treasurydirect.gov: When we hold a reopening auction, we are selling additional amounts of a previously issued security. This is reflected in the Tentative-Auction-Schedule.pdf. What are ...
Franck Dernoncourt's user avatar
-4 votes
1 answer
104 views

Is it financially preferable to purchase Treasury bonds on the primary market or on the secondary market? [duplicate]

Assume a retail investor who: can purchase Treasury bonds on the secondary market through their broker without any fees or markups (e.g., via Charles Schwab). can only submit non-competitive bids ...
Franck Dernoncourt's user avatar
0 votes
1 answer
126 views

Where can I find the indicative yield of soon-to-be-issued Treasury bonds on Charles Schwab?

In Vanguard, one may see the indicative yield of soon-to-be-issued Treasury bonds on https://personal.vanguard.com/us/FixedIncomeTrading: Where can I find the indicative yield for soon-to-be-issued ...
Franck Dernoncourt's user avatar
1 vote
2 answers
190 views

Why wouldn't a broker let a retail investor choose the order type when purchasing Treasury bills via auctions?

When purchasing US Treasury bills via auctions with Charles Schwab, one cannot choose the order type: it has to be a market order, as shown below. As a result, one receives the following warning: ...
Franck Dernoncourt's user avatar
-1 votes
2 answers
134 views

Is it legally required to show US-Customers the tax inclusive amount at checkout?

I am developing an auction site also for use in the US Market. Obviously the seller needs to pay the appropriate taxes but I wonder if I can show the customers' prices with tax included.
bad_pussycat's user avatar
0 votes
0 answers
34 views

Why is there need of open and close auction os stock exchange? [duplicate]

So why is stock exchanges like nyse or nasdaq using open and close auctions for open and closing price? Why not just use previous day's closing price as today's open price and start trading from there?...
fluter's user avatar
  • 111
2 votes
1 answer
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Why do house sellers prefer to quickly find a buyer rather than trying maximize the price via a Dutch auction?

When the real estate market is hot, buyers frequently complain about how hard it is to buy a house given that sellers often get multiple competing offers within a few days, so you have to act fast if ...
JonathanReez's user avatar
  • 5,832
38 votes
4 answers
20k views

What happens if you can't pay at an auction?

Based on this question about wholesaling homes - what happens if somebody purchases a home at auction, places their down-payment, cannot find a buyer, and backs out of the auction? I'm assuming they ...
Tyler M's user avatar
  • 573
2 votes
3 answers
1k views

Why would a seller at an auction set their reserve price hidden?

I've encountered online auctions where the seller has set their reserve price hidden. What are the benefits to the seller that would cause them to do so? As a buyer, if I see an item I like, I may put ...
SQB's user avatar
  • 895
1 vote
3 answers
591 views

Selling house tender vs auction, which gives the best price?

If I want to sell my house, what is most likely to give me the best price? A tender (where people submit their offer in writing, which are all compared on the closing date) An auction (where ...
DarcyThomas's user avatar
30 votes
10 answers
17k views

How is it possible that some articles on eBay like headphones are cheaper than elsewhere? [closed]

I wonder how it is possible that some products are sold on eBay via auctions for oftentimes half the price that they cost e.g. on Amazon? The products that I have in mind are headphones by a quality ...
Sebastian's user avatar
  • 435
1 vote
1 answer
79 views

Cost is (maybe) part of basis for two assets

I bought two pieces of real estate from an online auction site. They charged me fee for the right to participate in the auction. First question: Should I count this fee as basis for these assets? Or ...
Diogenes Creosote's user avatar
21 votes
4 answers
5k views

If I buy a foreclosure at courthouse auction, am I in any way responsible for debt on the property?

I'm looking into purchasing a foreclosure that is being sold by a trustee at a courthouse auction. I did some research on the property (via RealtyTrac), and it seems like there were quite a few loans ...
user379468's user avatar
2 votes
1 answer
150 views

How can I find real estate auctions?

How can I find real estate auctions in my state (Massachusetts)? I am mostly interested in land, vacant lots or commercial property, not residential properties with houses. In the old days it was ...
Five Bagger's user avatar
  • 9,775
8 votes
5 answers
3k views

Real Estate blind auction - who benefits?

The housing market in Portland, OR is extremely hot. So hot that realtors are now using blind auctions. Listings say Offers will be reviewed on [date] at [time] Prospective buyers are expected ...
Ex Umbris's user avatar
  • 518
0 votes
2 answers
166 views

Why do pennyauction sites force you to buy credit packages?

Maybe it is not the best place to ask a question like this but I could not find a better place to ask it so here it is. You probably know about pennyauction sites like Madbid, Dealdash etc. On every ...
apreg's user avatar
  • 103
2 votes
1 answer
112 views

Is a trustee sale winning bid all inclusive, or are prorated taxes & fees due?

Is my winning bid at a trustee sale on a foreclosed home all inclusive, or can the trustee make us pay prorated taxes and home owner association fees? If we must pay the fees, when would they be ...
user7627's user avatar
2 votes
2 answers
145 views

Could someone explain this scenario about Google's involvement in the wireless spectrum auction?

Could someone explain this: What will that mean? If history is any guide, Page’s idealistic impulses could result in a vaster, more sprawling company. In 2008, Google participated in an FCC ...
Pacerier's user avatar
  • 723