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What is a good auction site?

What is the name of a good auction site for under 50k homes for sale ?

  • I am a semi retired general contractor and want to get in on the fix and flip market, looking for an auction site that offers the best deals on fixups. Thanks

  • Answer:

    trouble with auction is that they are not going out on absolute auction any more. so.. when you see an auction..don't bother..the bank is going to go and bid the reserve ..which is basically the outstanding mortgage. Not a good deal. If you want to deal with the REO market.. get a realtor who can walk you thru the MLS...the banks are all listing there. Look for the places that have been on the MLS for more than a couple weeks..they are beat up so much that the typical homeowner cannot deal with it...this is probably your market.

happy jack at Yahoo! Answers Visit the source

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I would not put any heed in any auction site. Get a good relationship with a local Realtor who will forward you listings that have good flip or investor potential. I have an investor who is getting some really good deals, they are definately out there, but I doubt that you will find any help on an auction site.

godged

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