Real Estate Auctions-Are The Worth It?

Every couple months or so it seems like the circus is coming through town. No, I am not talking about Barnum & Baily’s, I am talking about the “Foreclosure Auctions”. They spread signs on just about every foreclosure listing, have infomercials every 10 minutes, and eventually create a mess. To date, I have yet to meet anyone that has said that they got a good deal at one of these auctions.

Jesse over at MN Short Sales wrote a great post about real estate auctions. Go check it out at Minnesota Foreclosure and Short Sale Blog.

2 comments

#1MN PropertiesMarch 12, 2009, 8:26 am

Jesse made a great post. Good buys can be made at an auction, albeit you do need to do all your homework up front and keep your emotions in check at the auction.

#2MN First Time Home Buyers ClassMarch 15, 2009, 7:04 pm

I thought something was going on when all those yellow and black signs came popping up!

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