House prices drop significantly

[sumaiyakhatun29]

real estate agent So they also have no motivation to buy at high prices. It's even worse if there is only one bidder for the house. They win with a low reserved price. Sometimes there can also be collusion between bidders. They pay other bidders not to compete with each other on price. The bidder who pays then wins with the reserve price. The homeowner will lose.


This is the risk when our house is auctioned. 3) The incidental costs croatia whatsapp fan of auctions can be surprising When the bank auctions the house, the owner will have to pay ancillary costs. These costs can be lawyer costs, auctioneer costs and various other costs. All of these costs can be significant. Even if the bidding price is high, you will lose money when you have to pay these additional costs.


4) if the auction doesn't sell. If no one bids on the house, it will go to the next auction. The price of the house will drop to attract bidders. If it doesn't sell, it will go up for auction again. The price will drop. This process will repeat until someone buys the house. And if there are buyers, of course the price they charge is too far from the current market price.