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