Are home auctions open to the public?


Quick Answer

The public can typically attend property auctions, including those for homes, notes the Chicago Tribune. Individuals can find home auctions offered by banks and government agencies, and advertisements for these auctions are often on real estate websites, such as Zillow.com, and in newspapers.

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Full Answer

Those who attend these auctions are able to bid without needing a real estate agent present, and it's common for regular homeowners to attend, mentions the Chicago Tribune. After winning an auction, the new homeowner has to pay for the property and then gets property rights.

Many of these auctions are for homes that have been foreclosed on, and a benefit of attending is that bidders can often get homes with a significant discount, suggests Bank Foreclosures Sale.

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