Real Estate: Getting A Deal At Auction...Certainly, auctions let you acquire valuable properties at a low price. For example, the National Association of Realtors estimated foreclosed homes were selling at a 14 percent discount in the final quarter of 2014.
And while everyone loves a deal, foreclosures represent only a small fraction of all the properties listed for sale in any market.
You might find an even better bargain among the properties that aren't foreclosures. Auctions can be complicated, emotional and financially risky. Here are five tips ...
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