A system and method for providing a real estate auction system (40) is disclosed. The system includes a server device (16) on a network (15) comprising a mean for posting a real estate property (5, 6), a means for acquiring data items describing the real estate property from a seller remote device (7), a means for making the real estate property available at auction to a bidder device (11); and a means for accepting a bid on the real estate property for auction from at least one potential buyer for a predetermined period (5, 6). The method operates by posting a real estate property for auction; acquiring a plurality of data items describing the real estate property for auction; making the real estate property available at auction; and accepting a bid on the real estate property for auction from at least one potential buyer for a predetermined period.