As a buyer, however, you want less people to compete with, then you will get a better price. As an auction buyer, though, you do need to be aware of the terms and conditions and you need to be ready to make a noncontingent purchase. It can be an opportunity to get a deal, but moreover, it is a great way to short cut the long and sometimes non-productive short sale and foreclosure market.
If you have any more questions about purchasing at auction, we can help you. We are licensed auctioneers and know everything there is to know about buying and selling at auction.