Buying a home at auction? Is this done anymore? Raleigh NC

[Ricky Bobby]

A question. I am interested purchasing homes at auction and then relisting them for sale on the retail market. However it seems now these listings end up online to bid on? This looks like it's pushing up the price of these homes where it doesn't make it worthwhile, too much competition.

Also is this something that is done these days? Or are margins just not there? I would be looking in the under $250k range and paying with cash (no financing). Back in the go-go years of 2005-2006-2007 there weren't very many deals, is today similar to that time frame? Lots of buyers down here pushing prices up.