Seven minutes. A keyboard, a bowl of cereal and $100. That’s all a buyer needs to have a shot at a discounted condo on iBidcondo.com.
On July 27th, an online auction will open for a sleek condominium in the Beat condos on the south side of Dallas, TX. A seat at the eBay-like auction room costs $100, but the last property went for $86,840. The winner probably fell out of his or her computer chair, because the Austin condo was valued at $690,000.
So, who’s crazy enough to let a property go for a fraction of the valued price?