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How are online real estate auctions different from traditional in-person auctions?

Online real estate auctions work the same way as in-person auctions but are conducted virtually. This means no crowds. It is simply the auctioneer and the agent in a room (generally the office or the property), equipped with a camera and a couple of computers to live-stream the auction.

Online auctions provide the safety and comfort of being able to bid from your own home or anywhere you have access to a mobile device. This isn’t a bad trade-off for the “street theatre” and competitive environment that buyers would traditionally have to face.

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