Belt Auction

Does anyone know anything about the US Home Auction?

Is it for real?

Public Comments

1. No, they publish some off number, FAR below the reserve on the auction. Do not think you will get even close to the "opening bid", it is about 25% of the reserve bid.
2. If you are referring to the nationwide builder US Homes, they are a very reputable company. If you are talking about "a US Home" auction I can't help you. I can give you some general auction information. You will have to put up a deposit (usually 10%) the day of the auction and closing is usually within 30 days. You cannot bid "subject to financing." You are buying "as is" and while you will have a chance to preview prior to the auction, you will not be able to have the home inspected by a professional home inspector. In most cases the buyer pays the commission adn that's not including in the winning bid amout. It's plus commission. Don't get caught in a bidding war or you might end up paying more than its worth. Know the market before you start bidding. realtor.sailor realtor.sailor