You must usually pay a non-refundable earnest money deposit (often 10%) immediately, with the remaining balance due within 24 hours to 30 days depending on the auction type.
If you win, you must typically sign the purchase agreement immediately—sometimes within 4 to 5 hours for online sales. 🗝️ Phase 3: Post-Auction & Closing buying a house at auction process
Many auctions require immediate payment in full via cashier’s check or wire transfer. You must usually pay a non-refundable earnest money
Bidding against professional investors who may drive prices up. buying a house at auction process