A house is put up for auction when its owner has not logged in for 30 days and did not hold Noble status during that time. Bids are paid from your character's bank balance and are held until the auction closes — if you are outbid, your gold is returned automatically. The current owner may also bid, to keep the house.

Houses on auction on Real OTS
Name	Size	Minimum Bid	Current Bid	Highest Bidder	Closes In
Darashia 5, Flat 01	48 sqm	48,000 gold	no bids yet	-	4d 17h