Buying A House At Auction Process May 2026

Interior access is rarely granted. Conduct a "drive-by" inspection to assess the exterior, neighborhood, and occupancy status (e.g., squatters or previous owners still living there). Financial Setup:

Auctions typically occur on courthouse steps, at physical venues, or on online platforms like Auction.com . buying a house at auction process

You must usually pay a non-refundable earnest money deposit (often 10%) immediately, with the remaining balance due within 24 hours to 30 days depending on the auction type. Interior access is rarely granted