Fear and anxiety in the housing market

I wonder if there is any way to get data from these auction based house selling companies. I may make some phone calls this afternoon

So in August the couple elected to sell the home at auction. They hired AllynAuction Co. Inc. of Nahant and paid roughly $8,000 in marketing costs for multiple newspaper ads, 5,000 postcards, and the postage needed to mail them to corporate big wigs, doctors, and lawyers in the area.

Three bidders submitted bank-certified checks of $25,000 and registered for the Sept. 24 auction. With hopes high, the Greensteins said a silent prayer as auctioneer Richard D. Allyn started the bidding at $1 million. No takers.

In the end, a single bid of $830,000 was offered, which the Greensteins rejected as too low.

The current list price for their home: $899,000, down from $1.25 million.

``I want to sell, but I'm not going to give the house away," said Stephen Greenstein, noting that another Nahant home, a three-bedroom, sold through AllynAuction in July for $1,050,000. ``I'd rather wait for the right offer."