Hi, Im in the UK..this price is amazing..is it for real............I need some more details please!

Asked by Phil Camp, Outside U.S. Thu Feb 5, 2009

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This question is about this property: http://www.trulia.com/property/1073071864-7721-Constanso-Ave…

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Marilyn Orcu…, , Las Vegas, NV
Thu Feb 5, 2009
If you go to the website you will see that this auction has closed and the property sold. This was an absolute auction meaning that if you are the winning bid you actually win the property. Other properties listed on the website may be a reserve auction. This means that even if you are the high bidder, the seller has the right to say you have not met the reserve (much like Ebay) and refuse to sell the property. Here is another point of interest: I showed these properties prior to going to auction. The properties sold at auction for close to the price they were listed on the MLS. If you look at the winning bid, you will see that properties sold for $90-97K, not the $19K listed. Bottom line, this is an auction, the continues to go up with bids. People get caught up in the excitement and sometimes they even pay more for it than the property was originally listed for. It will always be to your benefit to align yourself with a good agent who will supply you with the value of properties in the area you are looking. This will provide the protection you need.
Web Reference:  http://www.MarilynOrcutt.com
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