Questions tagged [auction]
22 questions
38
votes
4 answers
What happens if you can't pay at an auction?
Based on this question about wholesaling homes - what happens if somebody purchases a home at auction, places their down-payment, cannot find a buyer, and backs out of the auction? I'm assuming they would forfeit their down-payment, but what else…
Tyler M
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30
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10 answers
How is it possible that some articles on eBay like headphones are cheaper than elsewhere?
I wonder how it is possible that some products are sold on eBay via auctions for oftentimes half the price that they cost e.g. on Amazon?
The products that I have in mind are headphones by a quality brand that cost ~120 on most sites (including…
Sebastian
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21
votes
4 answers
If I buy a foreclosure at courthouse auction, am I in any way responsible for debt on the property?
I'm looking into purchasing a foreclosure that is being sold by a trustee at a courthouse auction. I did some research on the property (via RealtyTrac), and it seems like there were quite a few loans taken on the property. From the records there…
user379468
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8
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5 answers
Real Estate blind auction - who benefits?
The housing market in Portland, OR is extremely hot. So hot that realtors are now using blind auctions. Listings say
Offers will be reviewed on [date] at [time]
Prospective buyers are expected to submit offers without any specific knowledge of…
Ex Umbris
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2
votes
2 answers
Could someone explain this scenario about Google's involvement in the wireless spectrum auction?
Could someone explain this:
What will that mean? If history is any guide, Page’s idealistic
impulses could result in a vaster, more sprawling company. In 2008,
Google participated in an FCC auction for radio spectrum to be used
for mobile…
Pacerier
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2
votes
1 answer
How can I find real estate auctions?
How can I find real estate auctions in my state (Massachusetts)?
I am mostly interested in land, vacant lots or commercial property, not residential properties with houses.
In the old days it was easy: all auctions were listed in a special section…
Five Bagger
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2
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1 answer
Is a trustee sale winning bid all inclusive, or are prorated taxes & fees due?
Is my winning bid at a trustee sale on a foreclosed home all inclusive, or
can the trustee make us pay prorated taxes and home owner association fees?
If we must pay the fees, when would they be due? After I have paid the winning bid with…
user7627
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2
votes
2 answers
Why wouldn't a broker let a retail investor choose the order type when purchasing Treasury bills via auctions?
When purchasing US Treasury bills via auctions with Charles Schwab, one cannot choose the order type: it has to be a market order, as shown below.
As a result, one receives the following warning:
Please note: By submitting a noncompetitive bid you…
Franck Dernoncourt
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2
votes
1 answer
Why do house sellers prefer to quickly find a buyer rather than trying maximize the price via a Dutch auction?
When the real estate market is hot, buyers frequently complain about how hard it is to buy a house given that sellers often get multiple competing offers within a few days, so you have to act fast if you want to buy. But doesn't this mean that…
JonathanReez
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2
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3 answers
Why would a seller at an auction set their reserve price hidden?
I've encountered online auctions where the seller has set their reserve price hidden. What are the benefits to the seller that would cause them to do so?
As a buyer, if I see an item I like, I may put in a bid. If it has a hidden reserve and I did…
SQB
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vote
1 answer
Cost is (maybe) part of basis for two assets
I bought two pieces of real estate from an online auction site. They charged me fee for the right to participate in the auction.
First question:
Should I count this fee as basis for these assets? Or as a business expense?
Second question:
If it is…
Diogenes Creosote
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1
vote
0 answers
How to interpret auction/issuance results?
If a new bond (issuance size of 300M) was 3X covered and had 40 buyers, what does it mean?
the_brass_bottle
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1
vote
3 answers
Selling house tender vs auction, which gives the best price?
If I want to sell my house, what is most likely to give me the best price?
A tender (where people submit their offer in writing, which are all compared on the closing date)
An auction (where everyone bids against each other on the given auction…
DarcyThomas
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0
votes
2 answers
Why do pennyauction sites force you to buy credit packages?
Maybe it is not the best place to ask a question like this but I could not find a better place to ask it so here it is. You probably know about pennyauction sites like Madbid, Dealdash etc. On every site you have to buy a credit package which you…
apreg
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0
votes
1 answer
Buying back foreclosed property at auction
This is a theoretical situation, one that keeps making the rounds on Facebook (and probably other social media sites) of a "feel good" type of story, but I'm wondering if it has any basis in fact. From what I understand of different topics, I don't…
computercarguy
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