House auction is a type of live auction where the auctioneer sells off a property, typically an estate or house, one lot at a time. Property can be sold with or without furniture. Properties that are sold in this way can be found all over the world and have been used for a wide range of purposes such as investment, inheritance, and divorce proceedings. Click here to know more about  houses for auction in london. 

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There are a few different types of house auctions: open house auctions, which are the most common; sealed bid auctions, which tend to feature more prestigious properties and attract higher bids; and Dutch auctions, in which the auctioneer starts the bidding at a low price and increases it gradually until someone bids at the maximum amount. Auctioneers will usually have a range of items up for sale including any furniture, paintings, jewelry and other objects that may be included in the property. There are also frequent auctions of cars and other vehicles as well as real estate properties overseas.

The process of house auction is typically as follows: 

1. The property is advertised online or in newspapers or magazines. 

2. Potential buyers make offers to buy the property. 

3. If there are multiple bidders interested in the property, the auctioneer will select one bidder who will then make an offer to purchase the entire lot (or lots). 

4. If there is only one bidder interested in buying the entire lot (or lots), then the auctioneer will start the bidding at a predetermined price and increase it until someone makes an offer equal to or greater than that price.