I have always thought of auctions as a great way to buy Homes, cars, and many other things. I want to ask people what they think about them? It seems to me that the people holding the auctions make money, The agents in the industry make money. The lenders make money. I just wonder if people that go to the auctions realise that they are a part of all them making money. They are footing the bills? Now I know some will say, "I do that now with out the auctions." I want to ask "do you?"
Could be be possible to get the same deal with a buyer agent from the MLS? I think people with hopes of getting great deals from auctions are looking for that big fish story that someone told them about. Are they wasting time by going to competing auctions where so many people have no clue what to do at these places and bid on things sometimes they don't even see. Where is the deal?
Matt the MARINE says sound off and let me know what you think.
Here is a link to show Detroit and a recent auction. http://abcnews.go.com/Video/playerIndex?id=2962515.