Auction.com - Homes for Sale Reviews

by Cat1653

There has been a house with a resale value of $225 K if repaired . This house is just sitting and getting more and more in disrepair . Nobody has won the bid because apparently knuckle heads at bank thinks it’s going to be worth more the longer it sits . House isn’t worth more than 75K and I have seen the winning bid go over 100 K . This house has been on this site for over a year . Auctioncom should require a opening bid so that people don’t waste their time with bankers that could care less how bad of shape they let these houses get that could be someone’s home .

by XxxLike A Bossxxx

Auctioncom and company are a fraud!!! They said there NO BUYERS Premium, but that is not true!!! Let me explain to you how they make money by screwing you over! They are automatically bidding against you on every auction to drive up the prices. Once the bid amount get close to the secret reserve amount ( for example $139K and this is a educated guess because I have done my research on the property) and my current bid is at $125k, they will come in at and increase bid up to $136k. This put me in a bad spot, because the bid increments are only in $10k, so if I bid again, I will have to go to $146k. They only have to collect the $139K to satisfy the bank, so they get to pocket the extra $7K for their “services” even though they claim not to charge BUYERS PREMIUM! This company is extra deceptive!!! BE AWARE!!!

by M Hayley

My experience with Auctioncom was absolutely dreadful. I registered to bid on a house which resulted in a $2500 holding fee in which I couldn’t get back until the Saturday after the auction ends. I never got it back and had to wait until the following Monday when they were open to call customer service. Customer service informed me that they sent the money and that “it was an issue with my bank”. I called my bank right after that and they told me that I never got my money back. So I’m currently filing a dispute. I’m just very stressed out, disappointed, and disgusted.

by WesR88

Cons:
It is nearly (if not completely) impossible to update a credit card with out calling customer service. I also don’t like that if I am registered to bid on more than one property, I have a $2,500 hold on my card for each property. I am a flipper/whole seller and this ties up a lot of my ability to work on other properties for several days after the auction is over.
Pros:
Easy to navigate. E-mail updates are nice and informative.

by Smokingmaninblonger

Ok, first thing Auctioncom itself is wonderful and works perfectly, IF YOU WIN THE AUCTION, BE PREPARED TO GET THE MONEY TO THE CLOSING COMPANY! I almost didn’t get it on time and they will only take wire trans. You’ll also need to take a pic of the receipt to prove you sent it. Also you must provide proof that you have funds available. With a screenshot of your acct bal with your name in it. I had to get a letter from my bank bc I couldn’t provide the screenshot as my online account doesn’t show my name with the bal I think they said they will take the most recent statement too. The most aggravating thing was that I had to speak to a different person each time I called them B.C. the rep they assigned refused to call me back or answer his phone. I haven’t closed yet but it should go smoothly.

by NABTHEPROPHET

I believe Auctioncom gives people who believe they can become a great landowner and etc, but the reason for one star ⭐️ less is for there are many things that’s under $25,000, but my research with all availability is the reason for wondering is Auctioncom for just those who already are 🤑?

by Frogpond LLC

I have bought several houses through Auctioncom! Love what they bring to Auctioncom BUT it could use some updating!! To many houses that have been sold or canceled are still on Auctioncom and have not been deleted. Some are several months old! Once it sells it needs to be removed! Other than that I love it:)

by DW70

Some of the navigation is a little challenging, but the listing are information-rich. I would say that the suggested resale values look inflated. Based on comps, with emphasis on the closest one (both in proximity and time), properties look overvalued, which could entice a bidder to overbid on a foreclosure, thinking he/she could resell at an unrealistic value.

by Winn IV

Auctioncom is quick & easy to use. Push notifications keep you up to date on property & property auction status with push notifications. No annoying email overload. Great resource for the professional investor or the individual with a small scale investment property side gig or beginner just getting into real estate buying.

by SacSM

Great app with useful information but it doesn’t make sense that I can create/save searchesin Auctioncom but can’t access my saved searches from Auctioncom , only via website. Also, sorting options while in list view would be great. Please address and fix.

by Michael Slackwr

This is a good app. It’s helped me a lot in making good decisions. It takes a lot of research and communication to provide information for apps such as realestate foreclosures, with that said; Auctioncom list most foreclosure listings but misses some. Sometime it’s missing critical information such as “beginning bid”. If you want to know the time of the auctions and beginning bid, you have to call the law firm handling the foreclosure which will be one of five or more different law firms so keep a list of phone numbers. Good luck and do your research.

by Mdv_215

I am going thru personal issues where a mortgage isn’t going to work for me. However being in a position where I’m able to buy outright was something far from my mind.

I came across Auctioncom and it’s been a tremendous Hope builder for me, and the information provided gets my foot in the door to want to go further and research.

by Bugsy1959

It was Saturday morning- decided to go ahead and take the plunge and bid on this house!
I hit submit- sorry server error-
Contact office. As I said- it’s Saturday morning!
So I thought someone’s watching over me- just don’t bid! Office closed -call back Monday!
So I talked to my husband, he said try again- same thing- then it said your bid has been accepted! So that’s a little scary to think I almost hit submit bid again and would have bid another $10,000 had I not been paying attention!
The estimate of value on this house is over $100,000 off- high- I guess if you do your homework you know that, but I can research all the houses
Overall it was fun and worked- I got out bid twice and reserve still has not been met - so bank will let the house sit there and rot down and I might get it even cheaper! Not sure where the banks brain comes into play on that part of this!

by Bezeeking

It’s a great app, it helps me out with searching for homes that I may purchase in the future I would recommend many people to Auctioncom!
You can get a great deal for your family or many opportunities for investments. So check it out!

by Grumpy 43

So far, I like the way the website is set up. It is easy to get around and get up to date information. I have not been to an auction yet, but I am looking forward to see how they are run. My husband and I are looking for a forever home. And this might be the way to go.

by MKE Runner

It condenses everything down to one app and I no longer have to really do much research outside of Auctioncom as they have everything in one. Each update comes with more stuff I didn’t realize would be even more helpful. 👍🏻👍🏻

by 123$@85

I enjoy seeing what’s out there. With the corona thing it would be helpful if you update the auctions as to online or actual court house. Another issue is I was told while I was at a court house that I had to sing up for a particular property a week ahead of the auction.

Thanks, Jim

by Siebertt

Does what it states and that’s a hard thing to come by now a days. Enjoy the constant updates of properties. Easy to use. Correct information. What more could you ask for?

by Frinds & Frinds

It’s has some many things into it, but need sometime to learn Auctioncom . All the information in there it’s useful for every single investor or real estate management business. Looking forward to see more useful information in the future. Inside property picture will be helpful for viewing the property or any house.

by Pararomancewriter

Overall Auctioncom works great. Auctioncom makes tracking auctions a lot easier than the website and give you a real time countdown on the auctions. My only complaint is that it asks me to log in too often. But that’s a very minor issue.

by Leannanelson

Wish we had access to all the forms. Or notification reminder that the auction is nearing the end. Contact info of the broker who listed the property would be nice. I was very pleased that I actually was able to talk to a live person when I called with questions. I am new to property auctions.

by Shoib Brohi

Quick question form you guys
If you win the bid what’s the process and how the payment option work ?
Gotta pay everything upfront or we can do hard loan or conventional loan from bank ? Plz reply

by Kunlito

I really don’t have complaints with Auctioncom . I’ve resent my started using the map & that’s made the experience better as far as being really close to locations I want.

by Pragnesh Rabari

It is easy to navigate and find properties. I'd say if they have little more documentation on how to's like how to attend auction and what to expect kind of additions that would be great. Overall still a great app.