Given the choice I would prefer a house. You do not have neighbors upstairs making noise. You do not have a home owners association demanding you pay them money every month and THEN demanding even more money when your complex needs a roof.
besides, in a house you have the freedom to do what you choose. no hoa saying no, you can NOT hang a plant by your front door if you want to.... more
I would absolutely go to the auction. Usually there is a minimum reserve amount ... kind of like Ebay. So, the $223K is more than likley the least amount they will take for the home. If you'd like I can do a market analysis to see if that's a good price or not for the home and area. Every auction house is different. They may have some stipulations on how much down you have to have at the time your bid is accepted, etc. What site is it? Check out their FAQ's section if they have one to learn more about how they operate their auctions.
Good luck and let me know if you'd like that anaylsis! Merry Christmas!... more