Real Estate Auctions for 2010.
 
Real Estate Auctions are an area where a house buyer can buy real estate at greatly discounted prices.

However, you must do your homework beforehand and auctions are much more complicated then what they would have you believe. Most real estate auctions try to get buyers to bid up the price on the houses ... sometimes bidding up the price to a point more than the house is presently worth!!
 
In some auctions, the auctioneer can actually make "bids" on the owners behalf so that unknowing buyers may pay more for the house. And, not known to most buyers, the minimum bid that is advertised means nothing at all. The owner/seller has a secret, unpublished, reserve price. If a buyer does not meet what the seller wants as a reserve price, no sale takes place.
 
Read the fine print on auction booklets!! Their TV ads are extremely misleading!!
 
Please email me at colleen@colleenmckean.com to discuss you unique needs and situation.