Questions tagged [auction]

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37
votes
4answers
13k 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 ...
1
vote
2answers
194 views

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

I've encountered auctions online 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 ...
1
vote
3answers
257 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 ...
30
votes
10answers
16k 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 ...
1
vote
1answer
70 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 ...
21
votes
4answers
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 ...
2
votes
1answer
106 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 ...
6
votes
5answers
1k 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 ...
0
votes
2answers
155 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 ...
2
votes
1answer
108 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 ...
2
votes
2answers
135 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 ...