Real Estate Auction Warning

 

Ever been to a real estate auction? Ever been told you can pick up a steal at a real estate auction?

 

our Money Editor, Stacy Johnson, explains why the highest bid at a real estate auction DOESN'T necessarily mean you've won the bidding and bought the property.

 

Video runs 1:18…

 

Keep these points in mind the next time you're thinking about trying to pick up a steal of a deal at a real estate auction.