dragon

Real estate auction terms are usually very similar for all auctions. The terms you will usually see that may be different from private negotiated sales have to do with earnest money, as-is, contingencies, closing date, and consistency. Auction terms are not subject to renegotiation after the fact, so only bidders willing to accept the terms should bid at a real estate auction. Buyers should read the auction contract carefully as a part of their pre-auction due diligence.