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How auctions get lower prices
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9. FAILED AUCTIONS
When a home does not sell at auction - and thousands don't - it is labelled a "failure". Buyers think something is wrong with it; and many will offer LOWER prices. Like a wounded animal with vultures circling, failed auctions are easy prey for bargain hunters.
This is how auctions get lower prices.
These are just some of the reasons why we believe AUCTIONS GET LOWER PRICES. We hope it's enough to make you think carefully when someone wants you to sign-up for an auction.
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