Auction.com

Ease of Use: Users have found that Auction.com is incredibly user-friendly and easy to navigate, making it a reliable and convenient source for finding properties quickly. The ease of finding properties and bidding was also appreciated by multiple reviewers.

Unique Properties: Reviewers noted that Auction.com's unique listings not found on traditional commercial real estate websites helped them find properties at a discount. This market put properties in front of buyers that normal marketing wouldn't, which was helpful for finding unique properties.

Helpful Information: Multiple users appreciated the amount and quality of information provided about each property, allowing them to decide whether to pursue the property or not. Additionally, users found the blogs highly useful for clients interested in finding an auction property, giving clients access to bank-owned property information which was hard to come by.

Questionable Trust and Safety: Some reviewers do not trust Auction.com with their money due to concerns about the site's trust and safety. These users suggest conducting thorough research before transacting on the site.

High Reserve Prices: Several reviewers have noted that auction reserves are often higher than market values, resulting in prices that are not cost-efficient. Additionally, auctions mainly consist of lower-valued properties, and commissions can be nonexistent for buyer brokers.

AS-IS Sales Policy: Many reviewers dislike that sales on Auction.com are AS-IS to the winning bidder, meaning buyers have no recourse for seller misrepresentations. This policy leaves buyers with a short amount of time to obtain financing while sometimes offering below-market commissions to buyer agents.

Users have made several recommendations based on their experiences with Auction.com. The three most common ones are as follows:

1. Thoroughly read and understand all of the fine print in the Auction.com terms. This advice emphasizes the importance of being aware of all the details and conditions associated with participating in auctions or purchasing properties on the platform. By paying attention to the fine print, users can ensure they have a clear understanding of the process before committing to any transactions.

2. Consider Auction.com as a valuable resource for clients interested in investment properties. Users appreciate that the platform provides access to a wide range of real estate options, allowing them to explore and potentially find lucrative investment opportunities. This recommendation highlights that Auction.com serves as a helpful tool for individuals seeking to expand their investment portfolios.

3. View Auction.com as a cool, fun, and interactive way to participate in and monitor the real estate marketplace. Users enjoy the engaging nature of auctions and find it exciting to follow the bidding process in real-time. This recommendation underscores the user-friendly interface and enjoyable experience that Auction.com offers, making it an attractive platform for individuals interested in real estate transactions.

In addition to these recommendations, many users also express their willingness to recommend Auction.com to their colleagues, further indicating their positive experiences with the platform as well as their confidence in its capabilities.

Overall, these recommendations highlight the importance of understanding the terms and conditions, emphasize Auction.com's potential for finding investment properties, and praise its enjoyable user experience.