tag:blogger.com,1999:blog-7451044254506572493.post7798347776169182644..comments2007-10-21T22:15:14.102-04:00FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7451044254506572493.post-60137795214229434012007-10-21T22:15:00.000-04:002007-10-21T22:15:00.000-04:00It only matters if it is a "no reserve" auction. Many auctions have a reserve, which can make it fake and just another form of marketing!<BR/><BR/>Ask them "Is there a reserve on this auction"<BR/><BR/>Let me know how it goes<BR/><BR/>FrankFrankblog.franklyrealty.comnoreply@blogger.comtag:blogger.com,1999:blog-7451044254506572493.post-1515053618952296852007-10-21T22:14:00.000-04:002007-10-21T22:14:00.000-04:00Thanks for the information! I appreciate it.<BR/><BR/>We’re playing the waiting game… our true “budget” for the spring is more like $300-350k, which will get us into any number of great properties in the area. We’ll continue to look at REOs, but only if they make sense. One today, actually looks pretty good (move-in-ready), and the initial asking price isn’t far off the mark (maybe 15-20%). But we’re not doing anything until after the auction. Another one was about $125k overpriced, and the last was about $50k overmarket.<BR/><BR/>There has only been one other seriously “interested” party looking at this home. Even at a $50k starting price, it only brought out a total of 5 people in 2 open houses (we’re one, the next door neighbor was another, and a third we spoke to would rather live in F’burg city or Spotsy, and isn’t planning to bid on it). So, our odds may be pretty good – but only if the other people “bidding” have been paying attention to what’s going on around us.<BR/> <BR/>Our financing is in place – now if I could just get people making ME offers to buy their homes, it would make my life oh, so much easier (ha!).<BR/><BR/>Thanks again.<BR/><BR/>LindaLindanoreply@blogger.com