: 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?
Buying a home at auction can be an exhilarating way to land a property at a significant discount, sometimes well below market value. However, the fast-paced environment and "as-is" nature of these sales mean it isn't for the faint of heart. buying a home at auction
The Ultimate Guide to Buying a Home at Auction: High Stakes, High Rewards : The seller has a hidden "reserve" price
: The auctioneer starts with a published minimum price (e.g., $100,000). All bids must exceed this number to be considered. sometimes well below market value. However