The party selling the property determines the conditions with the guidance of the real estate auction company.  The standard conditions are that the highest bidder deposit earnest money (either a percentage of the purchase price or a stated preset amount) and enter into a purchase contract immediately following the auction with the balance of the purchase price due usually within 30 days at the closing. The seller is usually obligated to provide title insurance. Properties sell “as is/where is” with no written warranties expressed or implied. The only issue remaining will then be price. Due diligence is done prior to the sale by means of distribution of a bidders packages. This includes clear title, termite report, and disclosures. Additionally a winning bidder will receive a 1 year home warranty with their purchase.