Auctions, both online and in person, are becoming far more commonplace in Real Estate these days.
Auctions are a popular means to quickly unload inventory.
They can be regular sales or foreclosures.
A buyer’s premium often applies as do restrictions with respect to closing.
A minimum deposit via certified funds is often required.
The property may be available for viewing in advance, the day of the auction, or site unseen.
Agent representation is often available and encouraged.