Once bidding is open for an auction, interested parties must participate in the bidding process for a chance to purchase the property. For many auction listings, the listing brokerage will allow offers to be submitted prior to the auction beginning, and in those cases the property could sell before the start of the auction.

Only in the instances where the auction has a 'buy it now' option, will they be available for immediate purchase using that option. This is not available for all auctioned properties, but where available, it is the price at which the seller is willing to sell and end the auction early.Ā 

This is another way On The Block promotes transparency in providing the actual price to purchase.

Get On The Block

Stay in the know with exclusive access to our upcoming auctions.