Types of Real Estate Auctions Explained Absolute, Reserve and Foreclosure
When it comes to buying property, real estate auctions present a unique and exciting opportunity. If you're interested in exploring this option, it's essential to understand the different types of auctions and how they work. In this post, we'll delve into absolute, reserve, and foreclosure auctions, helping you navigate the world of property bidding.
If you’re considering a real estate auction in Georgia, Wiregrass Auction Group is here to guide you through the process.
Absolute Auctions
Absolute auctions are often regarded as the most straightforward type of auction. In this scenario, the property is sold to the highest bidder, regardless of the final bid amount. There are no minimums or reserves, which can create a competitive environment among bidders. This type...