If you read the auction description it does list the Buyer Premium at 15BP. If you are unfamiliar with this it means that whatever the winning bid is, they will add 15% to your winning bid which goes to the auction company. Right now the bid is at $230500 so the premium right now would be an additional $34575 bringing the cost of the house to the winning bidder up to $265,275 so far.
This auction also has an unknown reserve so the seller can turn down any bid if they don't think it is high enough. The auction listing does not say how much they still owe on the bond but a simple tax record search shows they had to make a bond payment last year so it is doubtful it is paid off.
Best to find out and understand all the financials before making a bid on this house.
__________________
"The secret of successful managing is to keep the five guys who hate you away from the four guys who haven't made up their minds." - Casey Stengel
Last edited by pauld315; 07-27-2018 at 09:59 PM.
|