Real Estate Auctions: Worth it?
When I was walking down 12th Street the other day, I noticed a not-so-usual real estate sign at 1140 Garden Street: An Estate Auction.
Has anyone attempted to purchase a home this way before? Do they sell close to opening bid price? What do you think this location is worth?
FYI: This afternoon is the last day you can inspect the property before the auction, which takes place on Tuesday, May 20, 2008 at the Hyatt Regency Jersey City (Exchange Place).
Maybe the “will it sell?” reader will send something about it?