The 5 Biggest Lies Your Real Estate Agent Told You About Auctions
Why Your Agent Won’t Show You This List Ask your typical real estate agent about bank foreclosures, and watch them cringe. “Sir, delikado yan (that’s dangerous).” “Ma’am, mahirap ang papers niyan (the papers are hard).” Why do they say this? Because auctions disrupt their business model. They want to sell you a pre-selling condo with […]
Why Your Agent Won’t Show You This List Ask your typical real estate agent about bank foreclosures, and watch them cringe. “Sir, delikado yan (that’s dangerous).” “Ma’am, mahirap ang papers niyan (the papers are hard).” Why do they say this? Because auctions disrupt their business model. They want to sell you a pre-selling condo with a fat commission baked into the price. Auctions strip away the fluff. Lie #1: “The Titles are Messy” Truth: As we’ve discussed, consolidated bank titles are often cleaner than private titles. The bank has a legal department that cleaned it for you. Lie #2: “You Need Cash Upfront” Truth: False. Our partner banks offer 10-Year Installment Terms with fixed rates. You can buy an auction property with financing just like a developer unit. Lie #3: “It’s Only for VIPs” Truth: The “Old Boys Club” is dead. With our Hybrid Ecosystem , a 25-year-old freelancer with an ITR can bid against a tycoon. The paddle doesn’t care who you are; it cares about your price. Cut Out the Noise Don’t let a middleman talk you out of a good deal. Go direct to the source. Join the auction.
