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There are a number of real estate auctions available online. Large online auction sites, such as eBay, have sections devoted exclusively to property and land. Additionally, auction houses in your area may host real estate auctions online. Online real estate auctions can take several forms. You can bid for ownership of a property, where you receive a deed for the land and property acquired. You can also bid for timeshare agreements, in which you gain part ownership for a home or condominium. Lastly, there is online bidding for rental properties -- in which you bid for the rights to rent a property for a certain amount of time, usually in a vacation destination over a busy travel period.