Bid4Assests Review – Is Bid4Assets.com Legit or a Scam?

Bid4Assests Review – Is Bid4Assets.com Legit or a Scam?

Bid4Assests.com is a real estate auction site.  This site was established in 1999 and is considered the premier real estate auction site by some people.  It is free to register and browse. Some of the properties that you will find on this site are tax lien properties, foreclosures and owner owned property. If you are someone looking for these kinds of deals, you may also want to check out Auctionresource.org as many people are reporting some good deals from there.


About Bid4assets.com

The site is legitimate but there are quite a few complaints that seem to come from people that did not fully read the disclosures that are clearly printed on the site. This may be a great way to save a lot of money on a real estate transaction but you have to take the time to read all the terms of service and disclosures about the property sale and your responsibility as a buyer.


Bid4Assets.com Review - Some Catches


There are several things that you should take particular note of BEFORE you decide to bid on a property. You have to have the money to pay for the property either through a mortgage approval through your lender or in cash. You also should be clear that you are buying property as is where is. That means you really do not know what is right or wrong with the property.

There is something called a Non Performing Bidder penalty fee if you bid and win a property than back out of the sale. The fee is $250 on property auctions and $100 on all other auctions.


Bid4assets.com Reviews - Buyer Beware


Do your homework if you are going to use this site. There are a few complaints floating around the web that property that was won was not really supposed to be put on the auction block to begin with and now the property is tied up in litigation. I’m not really sure how true this is but have read about it from some people.

Just keep in mind that you are purchasing property online and there may be some caveats that have not been disclosed or that you may have missed. BEFORE you bid, read all of the information on the site. Read the terms of service, read the notes about the auction and make sure you know what you are getting into.


Bid4assets Deposit


You are required to put down a deposit before you begin bidding. The deposit will depend on the type of property you are bidding on. Your deposit is refunded if you do not win the auction. Everything about this site sounds good on paper. It sounds like you really have nothing to lose by bidding on a property and everything to gain.

Click Here for the Top Rated Auction Sites

Overall, the Bid4assets review shows this to be a legit site and not a scam, however most people prefer using a service like Auctionresource.org for finding good real estate deals online.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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