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Old 04-06-2007, 06:17 AM
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Default FYI REA is up for viewing

Posted By: barrysloate

REA is the only auction house to provide estimates.

If you are referring to very low starting bids, there is a reason it is done. People need to qualify, and it is important to have as many qualifiers as possible. I know I can put in as many bids as I want the first day, even on a hundred or more lots, and have no risk of winning any of them if I don't come back the last night to bid again. If those opening bids were too high, I would be much more conservative and bid on far fewer lots.

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