Posted by James on July 17, 2007 at 09:36:32:
I’d have to agree with you on the value of the house and current market prices.
The great thing about auctions is people can sometimes get ‘too’ involved into bidding and get the ‘mee too’ syndrome. Usually* sells for more, but not a bunch.
Because it’s at auction, people think they are getting a better deal because the realtor isn’t involved - they’re willing to make a better offer.