While buying a house at auction is often associated with "all-cash" buyers, it is to have the full amount in personal savings. However, you must have immediate access to liquid funds to cover a deposit on auction day and the remaining balance within a very tight timeframe. The "Cash" Reality of Auctions
For most real estate auctions, "cash" means (like a cashier's check) rather than physical bills. Understanding how auction finance works - Commercial Trust buying a house at auction do you need cash