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Georgeg V.

Contributor Level

Total Points
103

1 Review by Georgeg

  • Auction.com

5/24/18

Never ever use Auction.com. You will pay so much more in various ways... First Auction.com's computer system is set up to bid AGAINST YOU the buyer.

Auction.com represents to seller/usually a bank hence you have no one representing the you the buyer.

Secondly the bank does nothing to preserve the house against busted pipes, cutting the grass, vandalism and according to the contract you have NO ACCESS to the house until title transfers.

You/the buyer pays the commissions not the BANK.

STAY AWAY... Auction.com is an extension of the Bank.

Thumbnail of user kiras2
diane n. – Auction.com Rep

Thank you for your comment but please allow us to clarify your comments as they are not entirely accurate. As disclosed in the Auction.com Participation Terms and property details page, Auction.com is permitted to bid on behalf of the seller up to, but shall not exceed the reserve price. Counter bidding on behalf of the seller extends the auction for assets that have not reached the reserve price and would otherwise end unsuccessfully. By extending the auction, it increases the likelihood that the auction may end successfully. This practice benefits the bidder by increasing the likelihood that the auction will produce an offer that the lender is willing to accept.

Additionally, the majority of the houses on our platform are sold "as is." It is important that buyers conduct thorough due diligence in order to assess the value of a home and should not rely on marketing materials. Suggested steps can be found here: https://www.auction.com/blog/due-diligence-10-steps-to-take-before-you-buy/.

Georgeg Has Earned 23 Votes

Georgeg V.'s review of Auction.com earned 23 Very Helpful votes

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