Many of us, in the heat of a deal, forget the very thing that has kept us alive for so many years: common sense. So if the deal sounds too good to be true, it probably is. If you can’t comprehend why the person on the other side of the table would sell you a property for such a low amount, then you need to ask more questions and do more investigation and inspections. If it doesn’t smell right, walk away.

This is very common on auction property where it tend to posted very low reserved price for some auction property, beware of the hidden problem that never disclosed to bidder. There are plenty of other opportunities out there if you are committed to finding the right deal instead.