There are over 12 methods available to sell real estate traditionally.
In the distressed market of real estate there are 5 common methods to sell real estate.
In the bank foreclosed market there of 4 common ways to sell real estate.
All of these ways have multiple methods in which a buyer can submit a purchase offer.
In your case it is unknown if you are 'bidding' at the courthouse steps, at a Christie's auction, via Hubzu, Auction.com at the county fair or through Homepath.
They are all different, with unique set of risks for the buyer and requirements imposed by the facilitator or seller. What is amusing to me is the overall cost of auction sales far exceeds the cost real estate professionals charge in a traditional sale.
In essence your question is so poorly defined, so cosmic, all one can to is tell a joke or two.
Horse sits down at the bar.
Bar keep asks, "Why the long face?"... more