Auction Properties for Sale in South Florida

Homes being sold by auction and listed on the MLS, straight from the feed and updated throughout the day.

These are homes marketed for sale by auction and listed on the MLS, which is a different thing from the clerk's foreclosure sale at the courthouse. Most are bank-owned homes run through an online auction platform, with a published start date, a reserve the seller does not disclose and a buyer's premium of around five percent added to your winning bid. Read the terms before you register: deposits are usually non-refundable, timelines are short, the sale is as-is, and the buyer's premium is real money that has to come out of your budget rather than your loan. Auction properties reward buyers who have already inspected the home, already know their number and are not going to be carried away on the day.

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Auction Properties: Frequently Asked Questions

Is this the courthouse foreclosure auction?
No. These are listings marketed for sale by auction, usually on an online platform, that you can tour before bidding. The clerk's foreclosure sale is a separate, cash-only process run by the county, with no inspection and no title insurance.
What is a buyer's premium?
A fee the auction platform adds on top of your winning bid, commonly five percent or a minimum dollar amount, whichever is greater. It is part of your purchase price but lenders will not finance it, so it has to be cash.
Can I finance an auction purchase?
Sometimes, but the timelines are brutal and many auction terms require closing in fifteen to thirty days. Plenty of auction listings also fail to meet lender condition standards. Cash or a hard-money bridge is the realistic route for most of these homes.
What is a reserve price?
The minimum the seller will accept, which is usually not published. Bidding can end above the opening bid and still be rejected because it did not reach the reserve. That is why the opening bid on an auction listing should never be read as the price.

Facing foreclosure on your own home?

Selling before the judgment usually protects your credit better than losing the home at the clerk's sale, and where there is equity it puts the surplus in your pocket instead of the court registry. Find out what your home is worth today, request a cash offer, or read what your options are once you have been served.

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