Buying A Home At Auction -

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

Absolute auction. An absolute auction is what most people think of when they hear the word auction. The property goes up for sale, Rocket Mortgage How to Buy a Home at Auction

The Ultimate Guide to Buying a Home at Auction: High Stakes, High Rewards

: 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?