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Name:
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John C
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Subject:
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John C ?
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Date:
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5/15/2007 10:23:31 PM
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1861 Squaw Ridge came off the mls on 5-5-07 as "expired" at the list price of $459,900. I heard that they dropped the gavel at or around 380k. I was not there, this is second hand info, someone that was there please correct me if wrong. Also, that might not be the price that the buyer pays, often in auctions the buyer must pay the "auction fee," which, like real estate commissions, vary deal to deal, but could be six or even 10 percent. So if the buyer got it at 380, +6% would be $402,800. Again, I repeat, maybe this is not the case with this particular auction, I have no idea because I was not there nor did I inspect the bid form, someone please pipe up with the details if I am way off. But most auctions I have seen have been this way.
URL: Lake Martin Voice
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