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:
Hire a title company to perform a full search. You must identify any existing liens, unpaid property taxes, or co-owner claims that may "survive" the auction and become your responsibility. buying a house at auction process
Failing to pay the balance on time leads to losing your entire deposit. Interior access is rarely granted
Many auctions require immediate payment in full via cashier’s check or wire transfer. and occupancy status (e.g.
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.