How the auction works
Transparent, competitive and certain. Everyone sees where they stand — and you know exactly when the property will sell.
Review the property
Attend open homes, review disclosures and reports, conduct inspections, speak with lenders and seek professional advice. All due diligence happens before auction day.
Register to bid
Provide identification, proof of funds or financing, your deposit and buyer representation details. You'll receive your bidder number.
Understand the terms
The purchase is non-contingent — no finance, appraisal or inspection contingency after the auction. You can still use financing; it simply must be arranged beforehand.
Auction day
The auctioneer explains the process, opens bidding, guides increments and announces the current high bid. Bid in person, by phone, online or through an approved representative.
The reserve
The seller has set a confidential minimum. Once bidding meets it, the property is declared “on the market” and the highest bidder generally secures it.
Successful bidder
At the fall of the hammer the contract is binding. Purchase documents are signed and the deposit is processed through escrow toward closing.
You know the seller is serious
A committed seller, a defined campaign and a set date. No stale listings or endless negotiation.
You compete on equal terms
Same information, same timeline, same opportunity to bid. No hidden negotiations once bidding begins.
You stay in control
Set your limit, see competing interest in real time and bid only what you're comfortable paying.
FAQs
Bid by representative
Appoint your agent, attorney, spouse or another trusted person to register and bid on your behalf. Complete and sign the authorization form, and your representative brings it with their ID on auction day.