Certainly. We encourage you to. We hope you will be pleased with the experience of attending a live auction process first hand. Remember that each and every auction is different, so you can not necessarily assume that your auction will be exactly like the one that you attend.

We understand your concerns and your need to cover an existing mortgage on your property. Auctions are designed to accelerate the sale of property by determining what the market is willing to bear. On auction day, the market will determine what valuation is acceptable for your property. The fact that you are doing an auction does not change what the market value of your property is. In short, if the market value is at a level below your existing mortgage, then that is the price that you have to work with regardless of whether you use the traditional method or the auction method to sell your property. Holding a minimum bid auction however, means you will only sell for a bid amount that you are willing to accept..

No. The auctioneers are auction specialists and will work together with the Realtor® to multiply the marketing exposure.

Often times we find that the price is not the issue in why real estate or personal property hasn't sold. The primary cause for it not selling is often that there has not been adequate traffic and, therefore, sufficient interest in the property. In other words, it has become "stale" on the market. The auction process is the best way to revive interest in the property and instill excitement that will result in a positive sale.

We can auction all types of real estate from condominiums, co-ops, townhouses, single-family dwellings, land, vacation property, commercial and investment properties to high-end trophy properties and country estates. With personal property, if its legal to sell and has value it can be sold. You would be amazed.

We conduct auctions throughout the year.

There are three types of auctions available through the auction department:

1. Absolute Auction
2. Minimum Bid Auction
3. Reserve Bid Auction

What is the best auction method to use?

The surest way to effect a sale is to auction "absolute". Through an absolute auction you will generate the ultimate competition which will lead to the strongest dollar offer for your property. Another method is the "minimum bid" auction that allows you the seller to get a floor price. The third method is the "reserve bid" auction that enables you to approve or reject any and all offers..

We hold most auctions on the site where the property being sold is. By being on site, bidders are constantly reminded of the positives associated with that particular property, which in turn might encourage a higher bid.

On a "minimum bid" auction, you have the right to refuse offers below the minimum bid level we set in advance. On a "reserve" auction you have the right to refuse any bid. With an “absolute” auction you have made the offer to accept the highest bid received.

On real estate, the auctioneer can be paid via the "buyers premium" that the buyer pays and is added to the buyer's final bid. If you elect to register your property with our auction program, you will be required to sign the Auction Marketing Listing Agreement which provides that on a pre-or post-auction sale, an offer includes this fee. If the seller accepts the offer, the seller will pay the auctioneer's fee at settlement. Auctioneers can also be paid by seller at an agreed upon percent of the auctions gross sales.

Real Estate sold at auction is sold "as is" "non-contingent", with a pre-set projected settlement date and the buyer paying all allowable closing costs associated with the sale. There are times on a pre-or-post-auction offer that a contract contingent upon a home inspection or financing will be presented to you for consideration.

No. Though we are selling "as is", we must abide by applicable state and federal laws. For instance, we must allow for a contract to be contingent upon review of condominium documents and/or homeowner's association documents just as we would in any real estate sales transaction involving a condominium. The Auctioneer will offer full disclosure to all interested parties in accordance with the law. This applies to both real estate and personal property.

Yes for personal property. No when we are working with a Realtor®. We trust the Realtor® to advise our auction team regarding market values in your region. We will evaluate the Realtors® input and will look at how many competing properties are in your area, and we will look at auction history

How is my property marketed by the Auction Department and who pays for this service?

• Brochures
• Direct Mail
• Internet Exposure
• State Wide Multiple Listing
• Classified Advertising
• Local and Regional Newspaper Advertising
• Business and Investor Newspaper Advertising
• Company Wide Auction Announcements
• Auction Signs
• Customer Service
• Graphics Design
• Broker Flyer Distribution
• Twenty-Four Hour Voice Mail Request Line
• Auction Staff
  
  If you opt to use the Absolute Auction Method, there is no charge for these marketing services. If you select one of the other auction methods, there is an up-front fee for these services.