What are the benefits of a real estate auction?

Smart investments are made as properties are sold through a competitive bidding process Buyers receive comprehensive information on the property through a bidder’s information kit The sale and closing dates are known Auctions eliminate long negotiation periods Buyers know the seller is committed to sell Buyers determine the purchase price Buyers know they are competing… Continue reading What are the benefits of a real estate auction?

What is the auction catalog?

A numerical listing of items available for sale at auction, often including detailed descriptions, quantities, and the terms and conditions of the auction sale.

What is an absentee bid or a proxy bid?

An absentee bid is sometimes called a proxy bid. It is a convenient option for someone who is not available to bid in person or online on auction day. When you place a proxy bid, the auctioneer will bid on your behalf, up to and including the amount you specify as if you were present… Continue reading What is an absentee bid or a proxy bid?

What is a buyer’s premium?

A buyer’s premium is a fee paid by the high bidder. It is normally a percentage added to the high bid to determine the purchase price.

How can I be notified of upcoming auctions?

There are a couple of ways that you can be notified of our upcoming auctions: You may sign up for our customized email auction alerts. You can register for our auction alerts Here You may also sign up to receive social media updates by liking or following our pages: Facebook LinkedIn Twitter

Do you have a physical store?

No, but we do have an auction warehouse facility where we conduct consignment auctions.

What do you sell at an auction?

We sell a wide variety of new and used machinery, equipment, materials, inventories, commercial and residential real estate, and other business assets including liquor licenses and intellectual property.

What are different types of auctions?

There are three types of auctions: a traditional auction, an online auction, and a webcast auction. A traditional auction is conducted on-site at the auctioneer’s location or on-site at the place of the goods’ origin. An online auction is only conducted through the internet and only registered bidders can bid. A webcast auction is a… Continue reading What are different types of auctions?

What is an auction?

An auction is a public sale in which goods or property are sold to the highest bidder.