The risks of the auction house include the following: 1. Risk of auction failure: If the auction fails, you need to pay a certain auction deposit or service fee. 2. Housing quality risk: As the auction house may be in a dilapidated or quality-problematic area, there may be housing quality problems, which need to be carefully identified. 3. Property right risk: There may be property right disputes or legal problems, so it is necessary to carefully check the property right certificate and related documents. 4. Tax risk: it may be necessary to pay high taxes, transfer fees and handling fees. , and need to reserve enough funds. 5. Risk of fierce competition: If the auction house is very popular, it may face fierce competition, leading to soaring prices. 6. Legal litigation risk: There may be legal litigation or execution risk, and relevant legal risks need to be carefully studied.