Listing Info
LISTING INFO
Can I See the Net Amount for an Offer and Decide?
As the seller you can decide at any moment during the process to take an offer that you feel is adequate. Just send the Auctioneer a text message and say that you would like to accept the offer that you see in the bidding app. This is called a Bid Match. Or you may decide to see if someone is...
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Does a real estate agent get paid a commission or BAC?
In most cases, yes. A Real Estate Broker or the Brokers Agent must announce the buyer in advance. In most cases there are forms or a certain procedure that is required. Procuring cause must be proved to receive compensation. For Other Questions About...
What is a Buyer Premium Concession?
This means a discount will be taken in account and announced by the Auctioneer. The announcement may be made prior to the initiation of the bidding. The Terms and Conditions may change with the Auctioneers Announcement. For Other Questions About Auctions...
How do I access the reserve?
By initiating a bid online, a notification will be sent to the bidder. In other portions of the sale the auctioneer may make verbal announcements to indicate if the reserve has been met. Otherwise, the reserve is a confidential number and must not release unless the...
What is the cheapest price that I can offer?
The minimum or lowest bid increment as indicated in the bidding platform when online bidding is in progress. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to...
Can I make an offer to buy prior to the auction?
Yes, but the seller often prefers to go through the auction process. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to real estate auctionsContactGet...
Will there be an open house preview?
Open house previews are typically scheduled for improved properties. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to real estate auctionsContactGet...
Where will the auction be held? (Date, Time, & Place)
The auction listing provides the location, date, and time. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to real estate auctionsContactGet InTouchEmail:...
Who is selling the property, and why are they selling?
Properties are sold for various reasons: estate liquidations, business dissolutions, downsizing, or ease of sale. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related...
Does the bidding start at a certain price?
Not always. If no minimum is announced, bidding starts at the starting bid or the initial offer. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to real estate...
What is a minimum bid?
The announced starting amount for bidding. Minimum bids are different from starting bids. The sellers agrees to accept the price at which the minimum bid has been set. For Other Questions About Auctions & Auctioneers For all active auctions and...
How do I know if an auction is absolute?
It will explicitly state "absolute" in the auction listing. The Uniform Commercial Code 2-328 states that an auction is presumed to be an auction with reserve unless stated absolute or without minimum bid. For Other Questions About Auctions &...
What does “As Is, Where Is” mean?
You are buying the property in its current condition with no guarantees. Read the Terms and Conditions of Sale in completeness. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and...
What is an “absolute auction”?
An absolute auction means the property will sell to the highest bidder regardless of price. However, there are rules that govern the offer and acceptance in strict dictation of the The Uniform Commercial Code 2-328. For Other Questions About Auctions...
What if I am a broker?
Licensed brokers can earn participation fees by registering clients in advance in accordance with the Terms and Conditions of Sale. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and...
I cannot make it to the sale in person. Can I bid online? If so, how?
Many auctions offer online or telephone bidding. Check the auction terms for details. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to real estate...
If I scratch my nose, stretch, or wave at a friend, will the auctioneer think I’m bidding?
It’s possible, but skilled auctioneers can recognize true bids. Auctioneers are trained to seek bids but verify authenticity. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and...
Can I register online?
Yes, through the online platform used for the specific auction. It may be required that additional information or paper registration at a site location for a live or physical sale. For Other Questions About Auctions & Auctioneers For all active...
Does it cost anything to register or attend the auction?
Most auctions do not charge a fee to attend. The Terms and Conditions of the Auction will dictate the payment, if any. Other forms of verification may take place, such as credit card minimal charge to authenticate identification. For Other Questions...
What do I need to bring to register as a bidder at one of your auctions?
A government-issued ID is required. Check the terms for additional requirements. Verification of the individual bidding will be important to the process. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale...
Can I preview the auction property/items before bidding?
Yes, preview times are usually available. The auctioneer makes the schedule, the property is open for inspections in most cases. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and...