The Reserve Price is the minimum amount a seller will accept for a property. If the Reserve Price is not met, the seller may choose to sell the property to the highest bidder subject to their approval or re-auction it.

To participate, you typically need to register with a valid ID and agree to the terms and conditions of the auction. Some auctions may require pre-approval for financing or proof of funds.

Yes, it's highly recommended to inspect properties before bidding. Most auctions offer preview times or open houses where you can view the property with professionals if needed.

Properties sold "As Is, Where Is" are sold without warranties or contingencies. It's crucial to inspect the property before bidding to understand its condition.

Payment terms vary by auction but often include cash, cashier's checks, or credit cards. Check the specific terms and conditions for each auction.

A Buyer's Premium is a fee added to the winning bid, typically a percentage of the sale price. It's used to compensate the auction company for conducting the auction.

Generally, auction purchases are final and cannot be returned. It's essential to carefully review the terms and conditions before bidding.

Check the auction website or contact the auction company directly for updates on auction status. You may also receive email notifications if you've saved the auction to your account.

If you're the highest bidder, you'll typically receive an email confirming your win. You'll need to complete any required paperwork and payment within the specified timeframe.

It depends on the property and local laws. Some properties may have liens, so it's important to conduct a title search as part of your due diligence.