It looks like there is a considerably high level of bidding taking place in the real estate auction sections of eBay and other similar online auction companies and websites. There is a number of  sellers who take bids for a downpayment, their intention being the owner-financing of the property after the auction is closed. On the other hand, in case of some auctions, your bid becomes the first payment in a lease-option agreement. Finally, other sellers may be simply attempting to sell a property outright.

Nevertheless, it is somewhat appalling to think about buying a property without even seeing it with your own eyes, regardless of the inexpensive price of it. There are several things you should consider:

•    You may witness considerable deed and title problems could exist (liens, foreclosure, other claims)
•    You may find the property to be completely inaccessible
•    Major repairs of structures may be required
•    It may not be possible to bring utilities onto raw land and it you may end up without even a simple right to dig a well

There is a multitude of things you should keep in mind, and if you’re not acquainted with the area the property is located in you will not be aware of the typical problems usually associated with properties situated in such a place, therefore you won’t know which questions you should ask.