On-site Auction

An Auction Conducted On The Premises Of The Property Being Sold.

The on site, Auction is normally combined today with Internet, bidding, phone bidding, and may have absentee bids that have been written and submitted before the auction. All of these methods to receive bids at the live auction is very useful to determine the highest and best bidder. Auctioneers love having live interaction, however, while many people do show up on site at the auction the auctioneer has a legal responsibility to receive other bids, as based on the contract between the Auctioneer and the seller when real property is being sold at auction. On site, Auctioneers cry, the bids out loud. Crying the bid out loud is another way of saying the auctioneer is asking for and receiving bids in a rapid fashion many people like going to own side, auctions and find it very entertaining, as well as a way to understand how the property is being sold on a certain day and a certain time.