Home buyers should consider real estate auctions as a viable means of purchasing a home. Some may be thinking distressed foreclosures are all they can find at an auction, but private firms typically hold more auctions. These firms auction everything from builder closeouts to homes from individual homeowners that want a quick sale. There are four important things potential buyers should know about real estate auctions before bidding.

When farmers set out to buy a used tractor, they typically know exactly what they are looking to purchase. Usually, farmers will inspect tractors that interest them before they bid for them at auction. The following are several inspection tips as well as general guidelines to follow when looking for a good used tractor at auction.