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	Name:	Real Eye Land -
	Subject:	Auctions
	Date:	5/16/2007 12:46:56 AM

I went to the first 2 auctions on Saturday. There was a 10% buyers premium tacked on to the final price and the auction was not absolute. Sterling Drive had three openiong bids of 100k, 400k and $619,000. No one made another offer and it was awkward to say the least. I heard one agent say to another that this showed how "bad" sales sre right now. My understanding is that the owner was asking $975k and had just turned down $825k. He again said no. He may want to go back to mr. 825 with hat in hand. I would give $600 for this one at the most. Nice view but very steep.

The other auction sold for $378k plus the 10% and the offer was accepted. Wisely in my opinion.

I did not attend the 4pm auction. The one with the pool. That house had been on the market for a long time(atleast 2 years) for 700's to 800's. Now all of a sudden you cut some trees down and fix the pool and the buyer a few months ago now has it listed at 1.2mil.??? I'd like to hear where the bidding was when they closed the auction.
I personally think the auctions were a "gimmick" to inspire a bidding frenzy for three overpriced properties.

Other messages in this thread:

View Entire Thread

John C..do you know?? - Capt D - 5/14/2007 12:48:49 PM

Not John C, but.. - rainbow slough - 5/14/2007 1:15:41 PM

1 sold 2 did not - John C - 5/15/2007 1:43:00 PM

John C ? - Maverick - 5/15/2007 6:34:27 PM

John C ? - John C - 5/15/2007 10:23:31 PM

Saturdays Auctions - Real Eye Land - 5/16/2007 12:21:34 AM

Saturdays Auction - Real Eye Land - 5/16/2007 12:22:35 AM

Auctions - Real Eye Land - 5/16/2007 12:46:56 AM

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