Home At Auction | Buying A

: The seller has a hidden "reserve" price. Even if you are the highest bidder, the seller can reject your offer if it doesn't hit their secret number. Pros & Cons: Is the Risk Worth It?

: The auctioneer starts with a published minimum price (e.g., $100,000). All bids must exceed this number to be considered. buying a home at auction

Before diving in, weigh the potential "steal" against the very real risks. Buying auction properties: What to know before you bid : The seller has a hidden "reserve" price

Whether you're looking for a foreclosure, a bank-owned (REO) property, or an estate sale, here is everything you need to know before you raise your paddle. The Three Types of Auctions You’ll Encounter : The auctioneer starts with a published minimum price (e

: The property is sold to the highest bidder, regardless of the price. There is no minimum bid, making these high-interest events.

Not every auction follows the same rules. Understanding the format is your first step toward a smart bid: