{"id":2390,"date":"2022-09-20T15:43:00","date_gmt":"2022-09-20T15:43:00","guid":{"rendered":"https:\/\/dev.wahi.com\/wp\/?p=2390"},"modified":"2025-04-10T14:31:25","modified_gmt":"2025-04-10T14:31:25","slug":"how-to-find-real-estate-auctions","status":"publish","type":"post","link":"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/sell\/how-to-find-real-estate-auctions\/","title":{"rendered":"How to Find Real Estate Auctions"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”55px||||false|false” global_colors_info=”{}” custom_margin__hover_enabled=”off|desktop” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”95%” max_width=”100%” custom_margin=”||-24px||false|false” custom_padding=”55px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_breadcrumb _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_breadcrumb-link title=”Real Estate 101″ _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjcyMiJ9fQ==@” global_colors_info=”{}”][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”Sell” _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjIxMDYifX0=@” global_colors_info=”{}”][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@” _builder_version=”4.18.0″ _dynamic_attributes=”title” _module_preset=”default” module_text_color=”#686E6E” global_colors_info=”{}”][\/wahi_breadcrumb-link][\/wahi_breadcrumb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”12px||12px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _dynamic_attributes=”content” _module_preset=”default” header_font_size=”3.5rem” header_line_height=”4.5rem” header_font_size_tablet=”42px” header_font_size_phone=”3rem” header_font_size_last_edited=”on|phone” header_line_height_tablet=”4.5rem” header_line_height_phone=”3.2rem” header_line_height_last_edited=”on|desktop” global_colors_info=”{}”]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IjxoMT4iLCJhZnRlciI6IjwvaDE+In19@[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||9px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_socialsharing _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/wahi_socialsharing][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”6px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”24px” text_line_height=”1.5em” custom_margin=”||32px|||” global_colors_info=”{}”]<\/p>\n

\n

<\/at-text>Check out our guide to finding auctions in your area.<\/span><\/p>\n<\/div>\n

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By Emily Southey<\/a> | 7 minute read<\/p>\n

[\/et_pb_text][et_pb_post_title title=”off” author=”off” date_format=”M j” categories=”off” comments=”off” featured_image=”off” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width_tablet=”” width_phone=”100%” width_last_edited=”on|phone” max_width_tablet=”” max_width_phone=”100%” max_width_last_edited=”on|phone” custom_padding=”21px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7fX0=@” align=”center” force_fullwidth=”on” _builder_version=”4.18.0″ _dynamic_attributes=”src” _module_preset=”default” custom_padding=”2px|||||” border_radii=”on|32px|32px|32px|32px” border_radii_tablet=”on|32px|32px|32px|32px” border_radii_phone=”on|0px|0px|0px|0px” border_radii_last_edited=”on|phone” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||11px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” global_colors_info=”{}”]<\/p>\n

Buying a house at auction can be an excellent real estate<\/a> investment. Often, you\u2019ll pay a cheaper price for the house and avoid the competition of a hot housing market. However, finding a real estate auction near you can be trickier than finding a house for sale. To be successful, you need to know where to look. Luckily, we\u2019re here to help. Learn how to find real estate auctions in your area with the easy guide below.\u00a0<\/p>\n

–<\/span><\/p>\n

What Are Real Estate Auctions?<\/h2>\n

Real estate auctions, also referred to as house or housing auctions, involve the sale of a property, either by a homeowner, homebuilder, the government, or a mortgage lender like a bank. If the home is being sold by a government agency or mortgage lender, it has likely been foreclosed on or the previous owner defaulted on their property taxes.\u00a0<\/p>\n

\u00a0–<\/span><\/p>\n

Ultimately, buying a home at auction isn\u2019t much harder than buying a home the traditional way, it\u2019s just different. For example, the listing for a home being sold at auction is typically posted on the auctioneer\u2019s website several weeks before the auction date. This gives prospective bidders time to research the home and even visit it if it\u2019s available for showings. Bidders must register in advance if they want to participate in the auction. Some real estate auctions are conducted online while others are in person.\u00a0<\/p>\n

\u00a0–<\/span><\/p>\n

Real estate auctions have strict rules involving how participants can bid, how they can finance their purchase, and the condition of the property (most auction properties are sold as is). An auction\u2019s terms and conditions will also state any mandatory fees, such as an advanced deposit or buyer\u2019s premium. Some of the most common real estate auction rules include that buyers are not permitted to make conditional offers (all offers must be firm), that sellers are not required to make any repairs or improvements to the property, and that the winning bidder must be able to pay for the home in cash (some, though not all, real estate auctions prohibit financed purchases). As auctions come with many rules, it\u2019s important to read through each event\u2019s bidding guide before registering.<\/p>\n

\u00a0–<\/span><\/p>\n

Where to Find Real Estate Auctions<\/h2>\n

If buying a home at auction still interests you, then it\u2019s time to start searching for one. Keep in mind that there are far fewer houses sold at auction than listed on the market, so it might take a bit more effort and perseverance to find an auction near you. Below is a list of places we recommend when looking for real estate auctions.\u00a0<\/p>\n

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\u201cBeyond regularly checking online marketplaces, local newspapers, or real estate auction company websites, we recommend signing up for email notifications. Most real estate websites, including auction houses, offer email notification services to users, who will be emailed any time a new property that fits their criteria is listed.\u201d<\/h2>\n

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Local newspapers<\/b><\/h3>\n

This may sound old school, but some local newspapers still publish information about upcoming auctions. Take the time to peruse your local paper, and if you see an advertisement for an auction, write down the name of the auction company so you can visit their website for more information.\u00a0<\/p>\n

–<\/span><\/p>\n

Government websites<\/b><\/h3>\n

If you’re specifically looking for a property that has been foreclosed on, then checking a government website might be a good place to start. Depending on the province or territory, judicial sales or power of sales might be more common than foreclosed sales, so be sure to search those keywords as well. Generally speaking, judicial sales are more frequently seen in British Columbia, Quebec, Alberta, Saskatchewan, and Nova Scotia<\/a>, whereas power of sales are most common in Newfoundland and Labrador, Ontario, Prince Edward Island, and New Brunswick.<\/p>\n

–<\/span><\/p>\n

Auction house websites<\/b><\/h3>\n

The next spot to look for real estate auctions is auction websites. Research some of the top real estate auction companies in Canada and start checking their websites frequently.\u00a0<\/p>\n

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Online real estate marketplaces<\/b><\/h3>\n

Nowadays, there are lots of real estate marketplaces out there. Visit one and search keywords like \u201cbank,\u201d \u201cpower of sale,\u201d \u201cjudicial sale,\u201d or \u201ctrust\u201d). No matter what marketplace you choose, they should all offer the same key information, including the date, time, and location of the auction.\u00a0<\/p>\n

–<\/span><\/p>\n

Realtors<\/b><\/h3>\n

One final way to find real estate auctions near you is to team up with a local REALTOR\u00ae. Realtors know the ins and outs of the real estate market, which means they may have insider knowledge about upcoming house auctions. Plus, they have access to the MLS\u00ae, where many auctions are listed, ensuring you\u2019re always in the loop.\u00a0<\/p>\n

–<\/span><\/p>\n

How to Find Out About Real Estate Auctions<\/h2>\n

Beyond regularly checking online marketplaces, local newspapers, or real estate auction company websites, we recommend signing up for email notifications. Most real estate websites, including auction houses, offer email notification services to users, who will be emailed any time a new property that fits their criteria is listed. This can ensure you stay on top of all upcoming auctions. Of course, if you choose to consult with a REALTOR\u00ae, you can also be added to their mailing list to be notified any time a new house is up for auction.\u00a0<\/p>\n

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