Frequently Asked Questions
WHAT IS A LIVE AUCTION
Prospective buyers arrive at the auction location, view the property and/or chattels, and then place their bids. The Auctioneer declares a lot “SOLD!” when the bidding stops. Prospective buyers should sign up with our staff to receive a bidder’s number. (Please have a valid State Identification card ready.) When you are ready to bid on a lot, simply raise your number and our staff will catch your bid!
Once you are declared the high bidder, you can choose to keep bidding on other lots or check out with our cashier to pay for your purchases. Specific terms and conditions will be advertised. Announcements made on the day of the sale supersede printed terms. Bidding on real estate is a legally binding agreement to purchase the real estate or property for the bid amount. Closings are not contingent on financing, appraisals, inspections, or any other factors. Bids cannot be retracted.
WHAT IS AN ONLINE AUCTION
Online auctions provide buyers and sellers with the convenience of an online buying and selling location for personal property or real estate. This is ideal for sellers who don’t have a good location for a live auction or a smaller amount of items to sell. Buyers benefit from the ease of bidding when it's convenient; once an account is set up with us they can set their high bid and check back occasionally. Most online auctions run for 1 to 2 weeks. For more details click this link to view our "Online Auctions Made Easy Page".
ALL TYPES OF AUCTIONS
Farm & livestock
Guns & Coins
Real estate - any size
AUCTION PLANNING INCLUDES
Our staff will guide you through the process of selling Real Estate or Personal Property. We take care of the photography, advertising, and set up including packing, organizing, and display, provide tents and tables, and more.
BUY AT AUCTION
Interested in Real Estate at an auction by another Auctioneer/Realtor®? We can represent
you! We will guide you through registration before the Auction, the bidding process, and the purchase and closing.
Specific terms and conditions will be advertised. Announcements made on the day of the sale supersede printed terms. Bidding on real estate is a legally binding agreement to purchase the real estate or property for the bid amount. Closings are not contingent on financing, appraisals, inspections, or any other factors. Bids cannot be retracted.
Absolute Auction – The highest bidder wins the auction, regardless of the price of the bid. There is no reserve price.
Buyer’s Premium – An additional charge to cover administrative expenses. Normally, a percentage of the purchase price.
Lot – An item or group of items sold at auction. Lots are determined before the auction and by the auctioneer and/or staff.
Reserve Price – The lowest price the seller is willing to accept for a lot. If the reserve price is not met, then the lot will not be sold.