Auction.com
Reviews – Is Auction.com A Legit Website or a Scam?
Auction.com is a real estate auction site. There are
not a lot of auctions that are held online for property because there are so many potential issues with buying real
property through an auction that a lot of sites shy away from these type of transactions. While there appears to be
deals to be had at this site, most people still prefer buying property from a source like Auctionresource.org so you may want to check them out also.
About Auction.com
Before you make any decisions about bidding on real
property online be sure that you are going in with your eyes wide open. Winning an auction online for real property
is a legally binding contract so do not bid on what you can not close the deal on or you risk losing your
deposit.
Auction.com Reviews - Deposit
It stands to reason that when you are bidding on real
estate a deposit will be required to weed the serious bidders our from the people that just want to take a shot at
winning. You will have to make a deposit of at least $2500 which will be returned if you do not
win.
If you do win your deposit will go toward the
purchase price of the property.
Auction.com Reviews - Know the Rules
There are very complex rules that you should
completely understand before you get started. Read everything. A lot of times we have picked up bad habits and do
not actually read the terms of service we just check the box and move forward.
In this case you have to absolutely read the terms of
service and the user policies. It is for your own protection that you understand the terms of service and
your legal commitments.
Register Then Watch
Take a back seat to the action for awhile and you
will do better on this site. Take a look at how the auctions play out. Register than watch don't jump right in. You
will do better to watch how other auctions are going.
The Property
The property on this site is all sold as is where is.
This means there is no warranty. In most cases you can not enter the property you can do a drive by and see the
outside but there is no viewing time. Keeping that in mind should give you an idea about the state of the
property.
Many of the auctions that are listed are not held
online especially the foreclosures and the tax lien properties. The majority of these types of properties are held
in real time at a specified location.
Is It Worth It?
Asking whether what this site offers is enough to
warrant the time to browse or register is a loaded type of question. It could work for an investor but for the
average person looking to buy a home the answer may be no. While you may find some worthwhile properties it
is a crap shoot and gambling with that kind of money could be tough for some people.
Click Here for the
Top Rated Real Estate Auction Websites
Overall, the Auction.com reviews show this to be a
legit site and not a scam, however most people still prefer using a service like Auctionresource.org for finding good deals on real estate.
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