There are many advantages of purchasing homes, land, antiques, personal property, and more in an auction setting. One of the main advantages of an auction is knowing that you are setting the purchase price and are getting the item at current market value. The seller is motivated and fully committed to the sale providing you with a quick sales process. If at any time you have a question about the bidding process or need more information about the property, our experienced staff will assist you in getting the information you need.
Before The Auction
It is important to understand that in an auction setting the property is sold “as is.” This means that prior to the auction you should attend the property preview, open house, or inspection on the scheduled date or contact us directly to arrange for an appointment to view the property. If it is a land or real estate auction, you may wish to have a property inspector view the property with you. Make sure that you have funding secured prior to the auction as all bids will be made as a “no contingency” offer. If you need assistance finding financing, we can refer you to a lender with partner with frequently. For any auction, read the terms and conditions carefully prior to auction day. If you still have questions about the property, please contact us via e-mail or phone.
At The Auction
Registration is generally scheduled one hour prior to our live auctions. This is where you will get your bid number and information packet about the auction. Please listen carefully to any announcements the auctioneer makes prior to the live auction. This information takes precedence over any previously written materials. Bidding is easy, simply raise your bid number, hand, or just throw out the “yes!” And don’t worry, you won’t accidentally buy a car by scratching your nose during the auction! Listen carefully as the bidding will go fast! And please, ask us if you have a question about the bidding process!
After The Auction
Once bidding has ended, the auctioneer will recognize the high bidder and confirm the sale has ended. If purchasing personal property, payment is due in full on the auction day and items are to be picked up according to the terms and conditions. Land and real estate auctions will require the winning bidder to sign a purchase agreement and any additional forms required as well as pay an earnest money deposit. The remainder of the funds will be due upon closing which takes place within 30 days of the auction.