2-bedroom, 2-bathroom condo for auction below $1.2 million

An auction is a property sale method where the seller sets a reserve price, but does not reveal it to potential bidders. Bidders compete in an open setting, and if the highest bid meets or exceeds the reserve price, the auctioneer accepts it on the seller’s behalf. Auction sessions typically take place in hotel ballrooms or function halls. When the auction ends, the buyer immediately pays a 10% deposit and signs the sale contract without any cooling-off period. If the reserve price is not reached, the seller can decide not to sell.