Absolute Auction Bargains?

[David C.]

Do homes with 'Absolute Auctions' ever really end up selling at crazy low prices?

How much risk is there in having this type of auction to dispose of unwanted property?

How much opportunity is there to buy at these? Are there so many investors these days that nothing 'goes super cheap'?

context: My in-laws are motivated sellers, the auctioneer says this is all they are doing in their area outside Akron, OH, no reserve auctions. How afraid should they be of getting a low turnout and only getting 10% of the value?