Online auctions are growing in popularity.
Websites like auction.com are killing it; making bundles of money selling houses online, while giving investors a whole new world for buying properties.
Its attractiveness will only grow and, more and more, people are looking to cash in on the opportunity.
Because property auctions are not considered a traditional method of selling or buying, misperceptions and myths abound about the auction process. Here are several myths debunked.
Auctioned houses can be a way for you to nab a good property for a cheap price. While many people go through the traditional process of home shopping—hiring a real estate agent, attending open houses, and negotiating with a seller—some people want to hit a properties auction for a chance at seeing different houses and saving some cash.